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Nexia International is recommended for inclusion in the list of international auditor networks

On 4 October 2016 the Working Body of the Council for Auditing Activities of the Russian Ministry of Finance considered an application for the inclusion of the Nexia International association into the list of international audit organization networks. In the Working Body’s opinion, Nexia complies with required criteria.

The audit company ICLC has been a member of the Nexia International auditing and consulting network since 2007. The network is represented in 120 countries and includes more than 250 companies — 565 offices. Currently it employs more than 24,000 staff world-wide. The network is included in the Forum of Firms of the International Federation of Accountants. According to the International Accounting Bulletin, Nexia International is one of the top 10 international auditing and consulting networks.

In March 2015 the Council for Auditing Activities of the Russian Ministry of Finance approved the procedure for maintaining the list of networks of auditing organizations. The Working Body of the Council was given the task of organizing and processing applications for inclusion of organization associations into the Russian audit organization network list and into the international audit organization network list.

Decision on such inclusion of organization associations into the Russian audit organization network list or into the list of the international audit organization networks is to be made by the Council for Auditing Activities on the basis of a corresponding conclusion made by the Council’s Working Body.