'Mazars Audit' LLC is not subject to Resolution No. 622 issued by the Government of the Russian Federation on 19 April 2021

This is a statement to declare that 'Mazars Audit' LLC is not subject to Resolution No. 622 issued by the Government of the Russian Federation on 19 April 2021 'On restrictions on the provision of information and documentation to an audit organization, an individual auditor' (hereinafter, the 'Resolution').

The document imposes restrictions on providing by audited entities information to audit organisations if they are either under direct or indirect control of a foreign citizen, stateless person, foreign legal entity, international company or in the same group with a foreign citizen, stateless person, foreign legal entity, or international company.

'Mazars Audit' LLC initiated a legal review by a law firm included in the Pravo.ru-300 rating and received an appropriate opinion on the inapplicability of the Regulation to 'Mazars Audit' LLC. Thus, the legal review concluded that:

  • 'Mazars Audit' LLC is not directly or indirectly controlled by a foreign citizen, stateless person, foreign legal entity or international company as stated by Article 45 of the Federal Law 'On Limited Liability Companies' (subparagraph (a) of paragraph 4 of Government Decree No. 622 of 19.04.2021);
  • 'Mazars Audit' LLC is not a member of the same group as a foreign citizen, stateless person, foreign legal entity or international company as stated by Article 9 of the Federal Law 'On Protection of Competition' (subparagraph (b) of point 4 of the Regulation of the Government No. 622 of 19.04.2021);
  • The membership of 'Mazars Audit' LLC in Mazars international network of audit organisations, taking into account the organisational framework of such network, does not lead to the direct or indirect control over 'Mazars Audit' LLC by a foreign citizen, stateless person, foreign legal entity or international company, nor to 'Mazars Audit' LLC joining the same group as a foreign citizen, stateless person, foreign legal entity or international company.

Feel free to ask us a question

* mandatory fields

Personal data subject's consent to the personal data processing: https://www.mazars.ru/Home/About-us/Personal-Data-subject-s-consent

Want to know more?