OREANDA-NEWS. April 01, 2008. The regular stage of audit took place in the Group of companies "Titan", as well as two-day teaching and consulting seminar for bookkeepers of JSC "Group of Companies "Titan" and its subsidiaries on the theme "The transformation method of the financial accounting from the Russian account into international standards of the financial accounting". These actions have taken place in the framework of the project realization with switching over to formation of the consolidated accounting according to ISFA, reported the press-centre of Titan.

Staff training for the skilled work according to ISFA began at the company in 2005. At present, chief accountants and experts of the JSC "Group of Companies "Titan", Open Society "Omsky Kautchuk" and JSC "Ecooil" have passed the training under the program "International Standards of Financial Accounting" on basis of the Institute of financial accountants (Great Britain) and have received IFA-diplomas.

The experts of the "Group of companies "Titan" will prepare the first complete set of the accounting according to ISFA already this summer.

According to corporative strategy of development, since 2007 the Group of companies "Titan" started switching over to formation of the consolidated accounting according to the International Standards of Financial Accounting (ISFA). The consolidated account will unite the accounting of all affiliated and dependent enterprises, included in JSC "Group of Companies "Titan".

For realization of this program were attracted such international companies as "PricewaterhouseCoopers Audit" and LLC "Ernst and Young Valuation.