Administrative responsibility for violations of the legislation of the Russian Federation on audit

The norms of the Federal Law of the Russian Federation no. 307-FZ of December 30, 2008 On Auditing Activities provide for the obligation of organizations that belong to the category established by law to conduct an audit annually. In case of refusal to conduct an audit, or in case of violation of the terms of the audit, liability is provided. For the absence of a mandatory audit, the provisions of the Federal Law On Auditing Activities provide for penalties.