“De Visu” Audit Firm among its services offers audit of corporate borrowers in accordance with the requirements of the Resolution of the National Bank of Ukraine “On Approval of the Regulation on Determining the Size of Credit Risk by Banks of Ukraine for Active Banking Transactions”, No. 351 dated June 30, 2016.
It should be reminded that according to the National Bank document, all borrowers with debts of more than UAH 200 million are required to conduct independent audits of financial statements for the year and submit them together with the auditors' report to the financial institution in which the loan was received.
“De Visu” meets the requirements of the National Bank of Ukraine to audit firms that have the right to carry out the audit of banking institutions. In particular, “De Visu” Audit Firm has experience in providing audit services to both banks and their clients, and there are a sufficient number of bank auditors, who regularly improve their qualifications, as well as experts on international financial reporting standards. In addition, “De Visu” Audit Firm uses special software in its work and is included in the Register of Audit Firms and Auditors of the Auditors' Chamber of Ukraine, which contains a list of audit firms that meet the criteria for conducting the statutory audit.
“Corporate borrowers who have received a loan of more than UAH 200 million will have to independently conduct an audit of the financial statements next year. This step of the National Bank is aimed at ensuring that financial performance is consistent with reality. In addition, an independent audit will contribute to a better assessment of credit risks and a reduction in the cost of credit resources” – Oleksandr Boiko, “De Visu” Group President, said.
