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UHY Prostir

UHY Prostir

UHY Prostir audit firm — audit of financial statements and business in Ukraine

UHY Prostir is an audit firm in Kyiv, part of the international UHY International network. We perform audits of company financial statements, statutory audits, audits of non-profit organizations and other assurance services in line with the Law of Ukraine “On the Audit of Financial Statements and Auditing Activities”. We work with Ukrainian companies and representative offices of foreign business — remotely and in English.

Audit & Assurance

Statutory audit of financial statements

A statutory audit is performed for the reporting year — before the annual financial statements are published. If you are not sure whether your company meets the criteria for the past or current year, send a request and we will determine free of charge whether you need a statutory audit. A statutory audit is required for:

  • ✓public joint-stock companies
  • ✓issuers of securities
  • ✓banks, insurers, non-state pension funds and other financial institutions
  • ✓companies classified as medium or large (by assets, revenue and headcount)
  • ✓companies reporting under International Financial Reporting Standards (IFRS)
  • ✓other cases directly provided for by law or by the company’s founding documents

Audit practice areas at UHY Prostir

Choose the area that fits your task — each leads to a dedicated service page.

How much does an audit cost

To get an exact quote for your company, send a request — we prepare a commercial proposal after a short clarification of the initial data. The cost of an audit depends on several factors:

  • ✓company size and volume of business transactions
  • ✓number of legal entities in the group (for consolidated audits)
  • ✓complexity of accounting processes and number of business lines
  • ✓urgency — standard timing or an accelerated audit before the reporting deadline
  • ✓report language — Ukrainian, or additionally English for foreign partners and investors

Why clients choose UHY Prostir

We combine local expertise with international standards of work.

  • ✓20+ years in the Ukrainian audit market, a team of more than 60 specialists
  • ✓Part of the UHY International network headquartered in London — access to global expertise and standards
  • ✓A dedicated manager for the whole engagement — direct communication, no intermediaries
  • ✓Remote work — audits and consultations without visiting the office
  • ✓English-language support — convenient for foreign investors, parent companies and donors
  • ✓Professional liability insured for UAH 10 million — financial protection for the client in case of an error in the opinion

Not sure where to start?

Describe your situation in the request form — we will suggest the format and estimate the cost.

  • ✓For business: not sure whether your company is subject to a statutory audit? Send a request — we will determine this free of charge and provide a quote
  • ✓For NGOs and grant projects: need an audit that meets donor requirements? Tell us which donor and report format you need — we will tailor the solution to your grant
  • ✓For companies with foreign investors: need an audit report in English for the parent company or an investor? We prepare IFRS reporting and support the process in English

Frequently asked questions

Who is subject to a statutory audit in Ukraine?

Public joint-stock companies, issuers of securities, banks, insurers, non-state pension funds and other financial institutions, as well as companies classified as medium or large by assets, revenue or headcount. The exact criteria are best checked for your company individually — send a request and we will determine this free of charge.

What happens if a statutory audit is not performed?

Failure to publish statements or to perform a statutory audit entails liability under Ukrainian law and can create problems during inspections, when raising financing or participating in tenders.

How does an audit differ from a tax inspection?

A tax inspection is carried out by a state authority to control compliance with tax law. An audit is an independent assessment of the reliability of financial statements, ordered by the company itself or required by law; the audit opinion is not an act of a state authority, but it often reduces risks during subsequent inspections.

How does an audit differ from a revision?

A revision checks the legality and expediency of specific business transactions for a past period, often with an element of control over responsible persons. An audit assesses the statements as a whole — whether they reflect the company’s real financial position — and ends with an audit opinion, not a revision act.

How does an audit differ from consulting?

An audit is an independent examination with a formal opinion. Consulting is advice or a recommendation without a formal opinion on the reliability of the statements. An audit firm can provide both, but they are different products with different levels of liability.

How does an audit differ from stocktaking?

Stocktaking is a reconciliation of the actual presence of assets with the accounting records (one of the tools an auditor may use). An audit is a broader procedure covering the entire financial statements, not just asset balances.

How much does a financial statements audit cost?

The cost depends on company size, the number of legal entities in the group, accounting complexity and urgency. We provide an exact quote after a short clarification of the initial data — send a request for a commercial proposal.

How long does an audit take?

Timing depends on the volume of the company’s transactions and the complexity of its accounting. A standard audit takes from several weeks; accelerated delivery before the reporting deadline is possible — clarify the timing for your company when sending a request.

What documents are needed for an audit?

The basic package includes founding documents, financial statements for the reporting period, accounting registers and primary documents for the transactions under review. The full list depends on the type of audit and is agreed at the contract stage.

Who leads the audit practice?

The audit practice is headed by Viktor Safinskyi, Head of Audit. Our auditors have more than 15 years of experience, and our professional liability towards clients is insured for UAH 10 million.

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Describe your task

We will suggest a cooperation format and come back with a specific proposal.

Contacts