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FBK (PKF Moscow) > News
FBK was announced to be the winner of a tender for selecting audit companies to perform annual audit of financial statements of United Metallurgical Company entities under RAS for the year 2011, including OJSC Vyksa Steel Works, OJSC OMK Steel, NP SOTs Metallurgist, Preventorium Metallurgist, Charitable Foundation OMK – Consideration etc.
FBK was selected the winner of open tender of JSC ALROSA to conclude the contract for conducting annual statutory audit of accounting (financial) statements prepared in compliance with Russian legislation upon 2011 performance results.
Expert Council Board for Rating Agencies was established in Russia. The RF Minister of Finance, Alexey Kudrin signed the corresponding decree. The board included 24 persons, including the Director General of FBK Economic and Law School, Sergey Pyatenko.
FBK concluded a contract for audit of consolidated financial statements of Moscow Metrostroy for FY 2010 under IFRS. FBK’s experts have been auditing consolidated financial statements of Metrostroy Group since 2007.
FBK were recognized to be accredited under the RF Ministry of Justice as an independent auditor authorized to conduct review in terms of propensity for corruption. The corresponding decree was signed by the First Deputy of the Minister of Justice, Alexander Fyodorov.
On April 19, 2011 a meeting of Corporate Responsibility Committee of the Russian Managers Association devoted to “Restructuring and Financial Reorganization of Company as a factor of business efficiency and stability” was held in Moscow. FBK were represented at the event by the Committee’s Chairman, Director of FBK’s Corporate Finance and Capital Markets Department, Artem Korsovsky, Manager of FBK Legal’s Corporate Practice, Andrew Shkadov and Director of FBK’s Corporate Management Department, Andrew Rekshinsky.
According to results of 2010 GDP real wage made 39,5%.This essential macroeconomic showing is calculated as the ratio of aggregate nominal wage engaged in economy towards amount of national GDP. As experts note for the first time in the last ten years GDP real wage decreased: so, in 2000 the showing was 23,6%, in 2008 it went up to 35,2%, while in 2009 GDP real wage made record-breaking 40%.
On April 7 a conference “Russian Industry: Tools to Enhance Competitiveness” arranged by radio station Business FM and internet portal BFM.ru was held in Moscow. FBK was represented at the forum by Igor Nikolaev, Partner, Director of Strategic Analysis Department, who delivered there a report “Developing Competition and Enhancing Competitiveness”.
Based upon the data of state statistics for the last reporting period, FBK was in the 4th position in national Russian business rating in Audit sector.
FBK offer their clients a new software program which considerably simplifies and streamlines calculation of taxable base on term transaction financial tools and debt liabilities, not engaged on the regulated market, it also automates docflow when new tax registers are compiled.