Transparency Report
of the Audit and Consulting Firm “GRANTIER”
in the Form of a Limited Liability Company
for 2025
ACF “GRANTIER” IN THE FORM OF LLC is a legal entity; organizational and legal form – Limited Liability Company; is a subject of auditing activity and has been providing auditing services for over 25 years, state registration of the legal entity was carried out on May 23, 1995.
In the Register of Auditors and Auditing Entities: 4420.
2258–VIII ACF “GRANTIER” IN THE FORM OF LLC is included in all sections of the Register of Auditors and Auditing Entities of the Audit Chamber of Ukraine, namely:
“Audit entities”,
“Audit entities entitled to conduct statutory audits of financial statements”,
“Audit entities entitled to conduct statutory audits of financial statements of public interest entities.”
i фiрми: 65012, м. Одеса, вул. Велика Арнаутська, 15.
Audit Firm Identification Code: 21026423.
Contact information of the Audit Firm: 0675561307, 05031639’7З, (0482)З24698; audit@grantye.com; www.grantye.com.
ownership structure
The founder (participant) of the Audit Firm is an auditor, a citizen of Ukraine:
Serhiy Anatolyovich Tymofeenko (auditor), registration number in the Register of Auditors and Auditing Entities 100053 – share in the authorized capital 100% (single-member partnership)
MEMBERSHIP IN NETWORKS
The audit firm is not a member of the network.
MANAGEMENT STRUCTURE
The management structure of the Audit Firm according to its Charter:
The supreme management body of ACF “GRANTIER” IN THE FORM OF LLC is the General Meeting of Participants. The executive body of ACF “GRANTIER” IN THE FORM OF LLC is the Director.
The director of ACF “GRANTIER” IN THE FORM OF LLC since February 10, 2011 is Olga Sergiyevna Parkhomenko (auditor), registration number in the Register of Auditors and Auditing Entities: 100048.
The director of ACF “GRANTIER” IN THE FORM OF LLC since February 10, 2011 is Olga Sergiyevna Parkhomenko (auditor), registration number in the Register of Auditors and Auditing Entities: 100048.
The deputy directors are:
Serhiy Anatolyovich Tymofeenko (auditor), registration number in the Register of Auditors and Auditing Entities 100053
DESCRIPTION OF THE QUALITY CONTROL SYSTEM AND ITS EFFECTIVENESS
The quality management system of ACF “GRANTIEU” is developed in accordance with the requirements of the International Quality Management Standard 1 (IQMS 1) and is based on a risk-based approach, which involves the identification and assessment of quality risks, as well as the implementation of appropriate response measures.
Key elements of a quality management system include:
- management responsibility for quality;
- compliance with ethical requirements and principles of independence;
- procedures for accepting and continuing client relationships and performing assignments;
- human resource management;
- performing assignments in accordance with professional standards;
- monitoring and evaluating the quality management system.
The policies and procedures of the quality management system apply to all areas of the Audit Firm’s activities and are aimed at ensuring the proper quality of audit and related services.
The management of the Audit Firm has ultimate responsibility for the organization, implementation, operation and continual improvement of the quality management system. In accordance with the requirements of ISQC 1, the Director of the Audit Firm has overall responsibility for the quality management system, while the heads of functional units and engagement managers are responsible for the implementation of quality policies and procedures at the level of individual engagements.
At the engagement level, responsibility for quality, risk management, and adherence to professional standards rests with the engagement manager and members of the engagement team.
The audit firm carries out constant internal monitoring of the quality management system, including, in particular, checks of completed tasks, in order to assess the effectiveness of the system and timely identify and eliminate deficiencies.
Employees of the Audit Firm, who are familiar with internal policies and professional standards under signature, are personally responsible for compliance with confidentiality requirements in accordance with Ukrainian legislation and ethical standards.
The management of the firm confirms that the quality management system is effective and ensures that the activities of the Audit Firm comply with the requirements of the legislation of Ukraine, International Standards on Auditing and the International Code of Ethics for Professional Accountants (IESBA Code).
ACCEPTANCE OF THE TASK AND CONTINUATION OF COOPERATION
Responsibility for cooperation with the client lies with the company’s management.
We accept the assignment or continue cooperation with the client if the
- We are able to complete the task and have sufficient time and the necessary material and human resources;
- We are able to fulfill the ethical requirements for completing the task;
- The client’s honesty, and its level is not lower than sufficient for cooperation with the client.
The firm should refuse to accept an engagement or continue further relations with the client if it could harm the firm’s reputation, regardless of the economic effect of the transaction being accepted.
HUMAN RESOURCES
An engagement team leader is assigned to each audit engagement.
The appointment is based on criteria such as knowledge, competence and independence:
- the name and role of the engagement team leader are communicated to key client personnel;
- the responsibilities of the engagement team leader are clearly defined and communicated to them.
The firm director appoints the engagement team leader based on his or her judgment of the individual’s ability to perform the specific engagement. The firm should provide the engagement team leader with sufficient resources and staff to perform the audit. The engagement team leader should personally satisfy himself or herself that all members of the engagement team are capable of performing their functions and that there is no threat to the independence of any individual member of the team. The assessment of the knowledge and competence of each member of the engagement team should include understanding and practical experience in performing engagements of similar nature and complexity, understanding of the requirements of the Professional Standards, legal and regulatory requirements, relevant technical knowledge, knowledge of the client’s industry, and organizational and communication skills.
If the engagement team leader believes that some team members should be removed or replaced, he or she should contact the firm’s director with a proposal for a change.
TASK COMPLETION
When planning an audit of financial statements, we perform procedures in accordance with the requirements of ISA 220 “Quality Control for Audits of Financial Statements”, ISA 210 “Agreement on the Terms of Audit Engagements”, ISA 300 “Planning an Audit of Financial Statements”, ISA 315 (revised) “Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment”, ISA 330 “Auditor’s Response to Assessed Risks”, etc. We also identify the characteristics of the engagements that will determine its scope; we establish engagement objectives for planning the audit time; we consider factors that, in the auditor’s professional judgment, are important for performing the engagement; we clarify and calculate the nature, time and amount of resources that may be required to perform the engagement.
The overall audit strategy is established during planning and is reflected in the audit documentation. Thus, having carried out appropriate planning, we apply the optimal amount of resources required to perform a specific task. Thus, when auditing public interest entities, the team of auditors and auditor assistants usually consists of 2 auditors and 2 auditor assistants. The nature, timing and extent of management and supervision of the audit team members, as well as the review of their work, are carried out taking into account the size and complexity of the entity, the scope of the audit, the assessed risks of material misstatement and the capabilities and competence of the individual audit team members performing the task.
MONITORING
The relevance of the quality control system is ensured through regular monitoring of the compliance of the Audit Firm and the audit tasks performed by it with the requirements of the law, professional standards, the International Code of Ethics for Professional Accountants (including the International Independence Standards) of the International Ethics Standards Board for Accountants (IESBA International Code) and the effectiveness of the established internal standards.
The General Meeting of Participants and the Director of ACF “GRANTIER” IN THE VIEW OF LLC state that the internal quality control system for audit services implemented by them is effective and ensures that the services provided to clients comply with the requirements of Ukrainian legislation and professional standards.
COMPLAINTS REVIEW
The firm must handle complaints and statements received in written, oral or electronic form.
The procedure for training the personnel of ACF “GRANTIER IN THE FORM OF LLC” complies with the requirements of the Law of Ukraine “On Audit of Financial Statements and Auditing Activities”.
Complaints and statements may come from employees of the firm, clients or any third parties. Each complaint is referred to the firm’s director, who appoints a person responsible for considering the complaint and sets deadlines for responding. The person responsible for considering the complaint may not be the person against whom it is made. The firm’s director may, at his discretion, either decide on the complaint himself or convene an advisory board. If violations have actually occurred and one or more persons responsible for the violations are identified, disciplinary measures must be taken.
INFORMATION ON THE DATE OF THE LAST EXTERNAL INSPECTION OF THE QUALITY CONTROL SYSTEM
The correctness of the application of the audit strategy and the quality of services of ACF “GRANTIER U VYGLYADI” LLC is confirmed by the external audit of the quality control system for audit services, which was conducted by the State Audit Office “OSNAD” (Order No. 76-kya dated October 28, 2025).
LIST OF CLIENTS OF PUBLIC INTEREST
In the 2025 fiscal year, ACF “GRANTIER” IN THE VIEW OF LLC provided statutory audit services to the following public interest entities:
- PUBLIC JOINT STOCK COMPANY “ODESA CABLE PLANT “ODESACABLE”,
- LIMITED LIABILITY COMPANY “ROSTORDORSTROY”
- LIMITED LIABILITY COMPANY “SNACK PRODUCTION”
- LIMITED LIABILITY COMPANY “CHIPS CLUB”
ENSURING INDEPENDENCE
We provide audit services only if the firm, its owners, officers, and employees are independent of the legal entity whose financial statements are subject to audit.
ACF “GRANTIER” IN THE FORM OF LLC has adopted an independence policy based on the International Code of Ethics for Professional Accountants (including the International Standards on Independence) of the International Ethics Standards Board for Accountants (IESBA International Code). Its internal rules and processes cover areas such as firm independence, personal independence, auditor rotation, and reconciliation of audit and non-audit services.
ACF “GRANTIER” IN THE VIEW OF LLC has developed and implemented corporate standards of quality management policies and procedures, including ethics and independence. The policy in the field of ethics and independence is constantly explained to the employees of the Audit Firm through internal training. All partners and specialists who provide services to clients sign a letter confirming their independence immediately upon employment with the Audit Firm and annually thereafter. This confirmation serves as evidence that the employee understands and undertakes to comply with the firm’s independence policy. Compliance with ethics and independence standards is verified annually as part of internal audits. Management confirms that during the reporting period the independence requirements in accordance with the International Code of Ethics for Professional Accountants were complied with.
CONTINUING PROFESSIONAL TRAINING
The procedure for training the personnel of ACF “GRANTIER IN THE FORM OF LLC” complies with the requirements of the Law of Ukraine “On Audit of Financial Statements and Auditing Activities”.
As of 12/31/2025, ACF “GRANTIER” IN THE VIEW OF LLC employs 10 certified auditors (7 at the main place of work and 2 under civil law agreements). Our auditors have extensive experience in conducting audits of commercial and state-owned enterprises, have experience in consulting services, experience in conducting financial analysis, drawing up business plans, conducting assessments of the property status of Customers and representing interests on accounting and taxation issues in state bodies or in court. They are included in the “Auditors” section of the Register of Auditors and Auditing Entities, and also have international diplomas that testify to a high level of relevant knowledge of international financial reporting standards, in particular: two auditors have diplomas from The Association of Chartered Certified Accountants (ACCA).
The ACF “GRANTIER IN THE VIEW” LLC also includes other experienced specialists in the field of economics and law, as well as a specialist with international certificates confirming English proficiency (IELTS).
Auditors of ACF “GRANTIER” IN THE VIEW OF LLC are constantly improving their qualifications. To maintain continuous training, ACF “GRANTIER” IN THE VIEW OF LLC ensures the participation of its employees in events aimed at ensuring professional development, maintaining a high level and improving practical audit skills and acquiring new knowledge in our field. Our auditors and other employees participate in educational and short-term events external and within the firm, which cover a wide range of knowledge, including the study of professional standards and practices, ethical requirements, financial reporting standards, legislation, etc. The firm’s auditors annually undergo continuous training of at least 40 hours.
PAYMENT OF KEY PARTNERS
When planning work and determining the amount of remuneration, the key partners of the Audit Firm take into account the economic factor of professional independence, which makes it impossible to have one client whose fee in the reporting period is 15% higher than the total fee for the Audit Firm’s work period.
Commissions for subcontracting tasks to other audit firms (private auditors) are prohibited. However, the Audit Firm may engage key partners to cooperate in providing services on the basis of civil law contracts.
When concluding agreements on the provision of audit services to the customer, conditional fees are not applied. The amount of remuneration for the services of the Audit Firm is determined by its management and the management (responsible persons, governing bodies) of the customer. In this case, the specific amount of remuneration must be based on the real costs of maintaining and operating the Audit Firm, plans for its development and a certain level of profitability.
The amount of remuneration for key partners realistically reflects the cost of professional services provided to the client and is set taking into account: the skills and knowledge required for this type of professional services; the level of training and practical experience of persons directly involved in the provision of professional services; the time spent by each person involved in the provision of professional services; the level of responsibility required to provide the relevant services.
KEY PARTNER ROTATION POLICY
At ACF “GRANTIER” in the form of an LLC, rotation is applied to audit assignments of socially significant enterprises in accordance with the IESBA Code of Ethics.
Persons responsible for carrying out statutory audits of public-interest entities (“PIEs”) shall not be entitled to provide services to such entities for more than seven consecutive years as key audit partners. They shall not be entitled to participate again in the performance of a statutory audit engagement for that public-interest entity until at least five years have elapsed since the completion of such services.
During this “cooling-off” period, the key audit partner should not participate in the audit of the entity, perform engagement quality control reviews, advise the engagement team or the entity on technical or industry matters, transactions or events, or otherwise directly influence the results of the statutory audit. The gradual rotation mechanism is applied in stages to specific individuals, not to the entire engagement team.
This allows auditors to be more independent in resolving client issues and expressing an opinion on the financial statements. The allocation of responsibilities of key partners for current audit assignments is carried out by the firm’s management and ensures that the assignments can be carried out and monitored effectively. This allocation is reviewed annually and in the event of any changes or difficulties.
FINANCIAL INFORMATION
In 2025, revenues from the provision of services from the mandatory audit of financial statements of public interest enterprises and entities belonging to a group of companies whose parent company is such enterprises amounted to UAH 900 thousand; revenues from the provision of services from the mandatory audit of financial statements of other legal entities amounted to UAH 3,042.5 thousand; revenues from the provision of permitted non-audit services to public interest enterprises and revenues from the provision of non-audit services to other legal entities were not received.
It should be noted that among our clients there are many with whom we have had long-term cooperation. During the year, we constantly communicate with the clients’ management personnel, know about the operations carried out by the client, answer clients’ questions, receive information on changes (if any) in the types of activities, on changes in the size of the Authorized Capital and the composition of Participants (Shareholders) (if any). This significantly reduces the time when conducting an audit of the annual financial statements.
Our clients include, in particular, professional participants in the stock market, asset management companies that manage several funds.
The cost of our services is determined based on the auditors’ time required to perform a certain amount of work in a high-quality manner. The amount of work depends on the complexity of the task, the type and field of activity of the business entity, the quality of accounting organization and the work of its accounting department, the number of primary documents, the presence of atypical (specific) business transactions, etc.
If it is necessary to involve other specialists in the provision of services (experts, specialists who perform work (provide services) on the basis of civil law contracts, programmers, appraisers, etc.), the cost of audit services increases accordingly.
We provide discounts for regular customers of audit services.
When providing audit services, we assess our responsibility to the client, which is determined by the obligation to apply the relevant norms and rules governing audit activities and the principles of objectivity. This responsibility also implies the mandatory presence of the auditor’s professional knowledge, which he acquired at the relevant auditor training courses, through self-education and the use of personal work experience. Our auditors constantly improve their professional qualifications.
RELATED PARTY INFORMATION
Related parties of ACF “GRANTIER” IN THE FORM OF LLC are:
founder (participant) of the Audit Firm Tymofeenko Serhiy Anatoliyovych (auditor), registration number in the Register of Auditors and Auditing Entities 100053 – share in the authorized capital 100% (partnership with one participant), who also holds the position of Deputy Director;
Director of ACF “GRANTIER” IN THE FORM OF LLC Parkhomenko Olga Sergiivna (auditor), registration number in the Register of Auditors and Auditing Entities: 100048.
A related party is also ISEA LLC, the founder and director of which is the deputy director of ACF GRANTIER IN THE FORM OF LLC.
Director of ACF “GRANTIER” IN THE FORM OF LLC O.S. Parkhomenko
April 17, 2026
Published on www.grantye.com
Transparency Report 2024 More details
Transparency Report 2023 More details
Transparency Report 2022 More details
Transparency Report 2021 More details
Transparency Report 2020 More details
Transparency Report 2019 More details
Transparency Report 2018 More details
