Reporting in accordance with international reporting standards such as IFRS or US-GAAP helps to depict the financial situation of the Russian branch or subsidiary according to a clearly defined framework with specific norms and specifications. Standardization ensures not only comprehensive transparency but also maximum comparability across national borders.
Accounting in Russia is strongly tax-oriented, which leads to a distortion of the economic situation of a company due to the results of Russian accounting and thus to a lack of representation. The analysis of a company’s financial situation based on the Russian balance sheet and income statement is therefore not very useful. Therefore, we offer to take over your reporting and adapt it into both the Russian and the international systems (IFRS and US-GAAP).
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