Our assurance professionals gather information during a Deloitte Audit in order to understand fully a client's business, internal controls and risk spectrum. Before making audit decisions we conduct objective diagnostic tests and analytical reviews. We work closely with our clients, yet independently, and encourage open communication. Deloitte Audit goes beyond testing transactions and balances to providing insights that help you better understand your business.

We complete audits in accordance with the Ukrainian and International Accounting Standards (US GAAP, IFRS, UK GAAP and others) and ensure compliance with the fast-evolving regulatory requirements. In a rapidly changing economic environment our methods help enable our clients to meet the growing demand for enhanced disclosure and accountability, and improve corporate governance.

The Sarbanes-Oxley Act of 2002 raised a bar for effective corporate compliance programs. This complex legislation addresses a number of issues important to companies operating in the CIS and international markets. The rules for disclosure and reporting are among the most critical. Our professionals can help you understand the requirements of this act and manage the transitions it mandates.

We provide clients with professional advice and assurance on their controls and accounting systems all year round. We understand our clients' operations, their industry and the issues they face, and this enables us to provide them with relevant advice. The combination of our specialist skills, industry expertise and ongoing investment allows us to anticipate complex business problems for our clients and recommend preventative action.

Our computerized audit approach and investment in technology enables us to deliver seamless global accounting and auditing services. Our audit methodology and technology systems enable us to meet the challenges in the areas of timely reporting, increased disclosure and compliance with accounting pronouncements. We use our own proprietary computer-based approach - AuditSystem/2 (AS/2) - that is internationally recognized as the leading auditing software in use today.

The extensive use of information technology enables Deloitte & Touche Ukraine to work more efficiently in comparison with its competitors and to perform audits within shorter periods of time. As a result, we occupy a unique place among the world's leading auditing companies.

If you would like to know more, please contact Quentin O'Toole Partner in Charge of Audit & Enterprise Risk Services, CIS West Region.