Independent auditor report on PEN Ukraine’s financial statements as of December 31, 2019

Published: 22.01.2021,  Views: 90

REPORT OF THE INDEPENDENT AUDITOR OF
LLC “AUDITORSKA FIRMA“ RECURSIYA ”
ON THE FINANCIAL STATEMENTS
OF THE PUBLIC ORGANIZATION “UKRAYINSKIY OSEREDOK MIZHNARODNOHO PEN-CLUBU”
AS STATED ON 31 OF DECEMBER 2019

We conducted an audit of the financial statements of the PUBLIC ORGANIZATION “UKRAYINSKIY OSEREDOK MIZHNARODNOHO PEN-CLUBU” as of 31.12.2019. in accordance with the International Standards on Auditing, adopted by the decision of the Audit Chamber of Ukraine № 361 dated 08.06.2018. as National Auditing Standards.

Financial statements of the PUBLIC ORGANIZATION “UKRAYINSKIY OSEREDOK MIZHNARODNOHO PEN-CLUBU” as of 31.12.2019 includes: BALANCE SHEET as of 31.12.2019, REPORT on financial results for 2019 (attached to the auditor’s report).

Responsibility of management for financial reporting.

Management is responsible for the preparation and fair presentation of these financial statements in accordance with the applicable conceptual framework of the financial statements and for such internal controls as management determines necessary to ensure that the financial statements are free from material misstatement, whether due to fraud or error.

The responsibilities of management include: the development, implementation and use of internal control over the preparation and fair presentation of financial statements, the selection and application of appropriate accounting policies, and accounting estimates that are appropriate to the circumstances.

Auditor’s responsibility.

It is our responsibility to express an opinion on these financial statements. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement, and that the financial statements are prepared in accordance with the applicable financial statements. This standard also requires compliance with relevant ethical requirements.

Expression of opinion.

We believe that we have obtained sufficient appropriate audit evidence to express our opinion. In our opinion, the financial statements accurately reflect, in all material respects, the financial condition of the PUBLIC ORGANIZATION “UKRAYINSKIY OSEREDOK MIZHNARODNOHO PEN-CLUBU” as of December 31, 2019, its financial results for 2019 and accounting, according to national standards, in accordance with nationality. .

Based on the results of the audit, the auditors confirm that the financial and economic activities were carried out in accordance with current legislation of Ukraine. The adopted accounting system meets the legal and regulatory requirements.

Basic information about the contract and the audit firm.

The audit was performed by LLC LLC “AUDITORSKA FIRMA” RECURSIYA “(code 41475860) on the basis of the contract № 14-A dated September 1, 2020.

The audit firm operates on the basis of:

    • Certificate of inclusion in the Register of audit firms and auditors for № 4710, approved by the Decision of the Audit Chamber of Ukraine dated 28.09.2017. № 349/3,
    • Auditor’s Certificate Vergel TL № 006614 dated September 24, 2009, approved by the Decision of the Audit Chamber of Ukraine dated 24.09.2009. № 205/2.

Location of the audit firm: 03035, Kyiv, 11 Kavkazka Street, tel. 067 649 39 77.

Director of
LLC “AUDITORSKA FIRMA” RECURSIYA ”
VERGEL T.L.

September 30, 2020