“Kommersant” reported on suspicion of negligence in the audit of Tatfondbank


According to the newspaper “Kommersant”, citing market participants, a source in Ernst&Young, the Federal Treasury start an unscheduled inspection of the auditor. According to one version, initiated her Bank of Russia.

As writes the edition, with high probability, this test is associated with the recent collapse of Russia’s second-largest Bank, Tatarstan — Tatfondbank. In its balance sheet the Bank of Russia has discovered a hole in almost 120 billion rubles Audit of Tatfondbank held it Ernst&Young.

Thus the interlocutor of “Kommersant” pointed out that the auditor might not know about the problems of Tatfondbank. From credit reporting companies indicated that shareholders had promised him a large-scale recapitalization, which “did not take place is unknown whose fault”.

This is not the first unscheduled check on the results of the collapse of a major Bank. In the fall of 2016, the employees of the Federal Treasury came to Deloitte after the collapse of Probusinessbank, and in 2011 with the challenges facing the company, BDO worked with the Bank of Moscow.

According to the Deputy head of “FinExpertiza” Natalia Borzova, unscheduled inspections of Financial Treasury rarely end without identifying violations. The result may be suspension of membership of the audit Agency in the self-regulatory organizations of auditors (SRO).

Themselves the auditors believe audit in Ernst&Young negative signal for the market. “The Bank of Russia has long been trying to shift responsibility for the collapse of the banks on the shoulders of the auditors, allegedly propadeutic hole in the capital”, — said the interlocutor of the newspaper in one of the agencies..

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