DELOVOY PROFIL Group ranked in TOP-20 Russian audit companies

The analytical agency RAEX has released the 27th annual ranking of the largest audit organizations, results also published in Kommersant. As of 2021, the auditors have demonstrated 3,4% growth with total revenue of 24,3 bln rub. Experts note that sanctions open new opportunities for Russian audit companies.

DELOVOY PROFIL parent company has strengthen its position among market leaders and has taken the 20th place in the rating of the largest audit organizations in Russia, made its result 1 point better compared to the previous year and entering TOP-20. Despite the tough economic situation the company finished the year with a revenue increase.

As Daria Perkovskaya, Partner for audit and consulting noted, clients in 2021 tended more to initiate voluntary audit. At crisis periods that helps businesses to estimate financial condition and provide proper decision-making. The other trend was ongoing business transformations that require additional checks in tax and HR segments.

«This year we expect growth in complimentary services due to mass closure and reorganization of foreign businesses. Newly organized companies will require large-scale consulting support. And our specialists are ready to support them to enhance their new business opportunities», - states Daria Perkovskaya.

In separate areas of related services, the company also showed good results::

• the 12th place among the largest organizations providing valuation services
• the 13th place among the largest consulting companies

Audit market in 2022 will face significant and rapid transformation: consolidation of players, mass termination of international networks’ membership, new regulation of state tender procedures, new regulations of audit as well as many other factors. Those challenges will require flexibility and prompt management decisions from Russian auditors. Anyway Group experts say that those who successfully test their strengths will open new and prosperous opportunities.

«At the moment audit market is overcoming changes due to newly imposed regulation of companies allowed to audit public interest entities (including public interest entities at financial market). These changes are a positive impact for auditors’ community that will strengthen its credibility and customer security », - states Daria Perkovskaya.