OREANDA-NEWS. On March 27, 2007 the Russian Bank for Development has announced a tender for compulsory annual Bank’s auditing in 2007, reported the press-centre of  the Russian Bank for Development. The subject of the Contract will be compulsory annual audit review of the consolidated and nonconsolidated financial statements of the bank over the reporting period, prepared in accordance with the Russian accounting regulations, as well as with due regard to International Accounting Standards and delivery of audit reports. Moreover an audit of the consolidated financial statements over the reporting period, prepared pursuant to US GAAP, will be accomplished. As a result the following should be provided: audit opinion, restating financial statements (balance sheet and profit and loss statement ) as of 1 July of the fiscal year prepared according to Russian accounting regulations into financial statement (including capital adequacy computation) prepared in accordance with Generally Acceptable Accounting Principles (US GAAP).

The time of audit: October of the reporting year - April of the next year.
Call for bids: 27 March - 27 April 2007. The results will be resumed on April 27, 2007.