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Internal audit
We work with LLCs and FOPs (individual entrepreneurs) in Kyiv and across Ukraine.
Who needs an internal audit
Companies usually order one before errors become expensive.
Before a tax audit
Find and fix errors yourself before they appear in an audit report.
After changing accountants
We check the books you inherited, so your new accountant does not answer for old mistakes.
Before a sale or investment
A buyer or investor will review your books. Know the weak spots first.
When the business has grown
Turnover, VAT, staff and foreign counterparties have grown, but the books have not kept up.
What we review
We review all of your accounting or one area only, such as payroll, VAT or settlements with counterparties.
Source documents and contracts
Each transaction has proper support and matches the books.
Accounting and financial statements
Balances, entries and whether the balance sheet reflects reality.
Taxes
VAT, corporate income tax or single tax, personal income tax, military levy and the single social contribution (SSC).
Settlements
With the budget, counterparties and employees.
Tax risks
Transactions that most often lead to additional tax assessments.
How the internal audit works
We agree the scope
Period, areas and fee. We sign an NDA on request.
We get access
You give us access to the accounting system and share documents as scans, photos or a shared folder.
We review
Documents, books, reports and settlements, plus a tax risk assessment.
We deliver the results
A written report and a remediation plan with priorities.
We confirm timing together with the fee before starting.
What you get: a report and a remediation plan
A list of errors
The document, entry, report or calculation that is wrong.
A risk assessment
Whether the error could lead to additional tax or a fine.
A remediation plan
What to fix first, what can wait and how to fix it.
The report is written for the owner, not only for the accountant. If the books need to be rebuilt for several periods, see our accounting records restoration service.
Internal audit vs. statutory audit
Internal audit
Ordered by
The owner or management, for their own purposes
Scope
All accounting or selected areas, your choice
Result
A report with errors, risks and a remediation plan
Performed by
Paper Cloud
Statutory audit
Ordered by
The company, because the law requires it
Scope
Annual financial statements
Result
An auditor’s report with an audit opinion
Performed by
An independent auditor, our official partners
We do not perform statutory audits — they are carried out by our official partners. An internal audit beforehand helps you get through one without surprises.
What the fee depends on
The period under review
The number of accounting areas
The volume of documents and transactions
Your tax system and whether you are a VAT payer
Who performs the audit
Your audit is handled by Paper Cloud’s accountants, tax consultants and lawyers, proven over years of practice. We keep clients’ books every month, so we know where errors hide. If a tax audit is coming, the next step is our tax audit support. See all services on our audit and tax practice page. Our team communicates in English.
Frequently asked questions
Order an internal audit
Tell us what you want reviewed and for which period through the form below. We will confirm the scope, timing and fee. If a tax audit has already been scheduled, let us know right away.
