‘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.

Self-regulatory Organisation of Auditors Association ‘Sodruzhestvo’ (SRO AAS) created the procedure for forming and keeping the register of Declarations of audit organisations and Legal opinions issued by independent law firms1. This procedure evidences that Decree 622 does not apply to audit organisations concerned.

Resolution No 622 does not apply to ‘Mazars Audit’ LLC, and as a member of Self-regulatory Organisation of Auditors Association ‘Sodruzhestvo’ (SRO AAS), ‘Mazars Audit’ LLC performed the necessary procedure to verify it. ‘Mazars Audit’ LLC initiated a legal review by a law firm included in the Pravo.ru-300 rating, received appropriate Legal opinion on the inapplicability of the Resolution to the company. Thereafter, it was lodged together with the Declaration of 'Mazars Audit' LLC to the Register kept by SRO AAS.

Any interested person may address to SRO AAS with the request to provide an extract from the Register.

Regulations of SRO AAS on the Register are published here: https://auditor-sro.org/upload/iblock/192/210728_Poryadok-vedeniya-Reestra-po-PP-_-622.pdf

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