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Assessment Of The Financial Statement Accuracy For The Russian Companies Financial Security

Table 1:

Organization LLC A PJSC B
Organizational and legal form Limited Liability Company Public Joint Stock Company
Type of activity Research, production Research, production
Size Small company (<25 employees) Large company (> 500 employees)
Stock market presence No Yes (the company's shares are traded on the stock exchange)
Age 13 years More than 100 years
Relationship with the government Fulfills government orders The government is one of the owners of the organization, regularly fulfills government orders, is sponsored by the government
Reporting In accordance with RAS, there are no explanations to statements In accordance with IFRS, full statements with explanations are provided
Annual audit No Yes
Facts of misstatement of financial statements Yes Not known for certain
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