WASHINGTON, D.C. - BDO in Ukraine, a leading audit and consulting company which provides a wide range of services in audit, tax and legal consulting, financial advisory, capital transactions, restructurings, management consulting, sustainable development etc., has been approved for membership in the U.S.-Ukraine Business Council (USUBC), the USUBC executive committee announced today on behalf of the entire USUBC membership of over 185 companies and organizations who have business operations, investments or other development programs in Ukraine.

BDO in Ukraine dates back to 1993, when the auditing and consulting firm "Balance-Audit" was established in Dnipropetrovsk. In 1997, the company joined the international BDO network and was renamed "BDO Balance-Audit"; the compliance with the highest international standards of BDO was mandatory for joining the BDO network. Beginning in 2009, in line with the global strategy, the company changed its name to BDO in Ukraine. The U.S. national office for BDO International is in Chicago, IL.

More than 200 employees work in offices located in six major cities: Kyiv, Dnipropetrovsk, Donetsk, Lviv and Sevastopol. The city of Rivne became the latest addition to the BDO in Ukraine network with the representative office opening in March 2012. Most of the professionals are certified auditors of Ukraine by A-Series certificates, certified CIPA and CAP, have international certificates of ACCA and CPA, together with extensive practical experience of IFRS and ISA. 

BDO AREAS OF EXPERTISE 
BDO services cover all areas of audit, legal, tax, business and IT consulting, accounting outsourcing, valuation,  and sustainability matters. The main advantage of BDO are high quality service, focusing on practical results, getting diverse consultations, professional indemnity, and focusing on the customer's success. Audit reports issued by BDO in Ukraine as a full partner of the international network BDO are recognized by all foreign and international companies and organizations.

By providing a variety of services to its customers and taking any action on their behalf, BDO seeks to bring practical benefits primarily on risk minimization and cost savings on unproductive losses or promoting business through competent advice and implemented solutions.

BDO services include: audit of financial statements prepared in accordance with IFRS, US GAAP and NAS of Ukraine, audit of financial statements and maintenance of a company when going public, internal audit, due diligence, IFRS introduction services, specialized reviews and investigations, consulting on corporate finance, industry services, risk-management, system integration, tax advisory, sustainability services, accounting outsourcing, valuation of business and integral property complexes, securities, valuation of intangible assets, valuation of real estate, valuation of personal property, international structuring, wind power legal services, support of the investments, litigation & regulatory issues, legal consulting, etc.

The BDO network is represented by four companies: BDO, BDO Consulting, BDO Legal and BDO Valuation.

BDO Consulting successfully cooperates with the leading Ukrainian companies in different fields and solves complex problems in areas of corporate finance, risk management, business restructuring, sustainability services, system integration, corporate training, market research and others. The Company combines the outstanding knowledge and leadership position in the national market with the global opportunities of BDO, the largest global accounting network.

BDO Legal Ukraine, a law firm with headquarters in Kyiv, which provides a wide range of legal services, covering all the areas of law and all the types of businesses, with an emphasis on the international structuring, procedures, due diligence, and corporate law.

BDO Valuation LLC provides a wide range of valuation services to clients who are both Ukrainian and foreign companies in various industries.

BDO clients include companies in the following sectors of the economy: agriculture and fishery; banking and insurance; mining; woodworking industry; light industry; mechanical engineering and metallurgy; petrochemical, chemical and processing plants; public organizations and off-budget funds

BDO IN UKRAINE IN PROFESSIONAL RATINGS 

In March 2012, BDO International received three prestigious awards at the inaugural International Accounting Bulletin (IAB), including the “Tax Adviser of the Year” which recognized both the comprehensive suite of tax services and the exceptional ability to coordinate cross-border tax planning.

BDO in Ukraine has an environmental management system (EMS) in place which starts measuring its’ energy, water, paper, electronic/IT waste and transport costs and CO2 emissions. The company works towards Global Reporting Initiative (GRI) certification for the next CSR report which is considered the gold standard for the industry. BDO in Ukraine was ranked third in the Green Awards Ukraine contest, the first independent premium of business and social projects in the nomination "Best project of Green office".

The company has won bronze at all-Ukrainian competition "Equal Opportunities: Best Employer 2011" and was the winner of the contest "Corporate volunteering in Ukraine - 2011."  BDO is the only Ukrainian company which has highest non-financial auditor qualification for sustainability and social reports.

BDO IN UKRAINE AND USUBC 

USUBC have been regularly communicating with BDO in Ukraine representatives in Kyiv for the last half a year. Alla Savchenko, Senior Partner and President of BDO LLC, will represent BDO in Ukraine on the USUBC Board of Directors. Member of the Audit Chamber of Ukraine, member of Coordinating Council on Accounting Methodology and Audit of the CIS countries, Mrs. Savchenko set up and has been heading the Federation of Professional Accountants and Auditors of Ukraine for 6 years. She has been the first President of the "Eurasia" International Federation of Regional Professional Accountants and Auditors.

"USUBC is very pleased to be working with BDO in Ukraine," said Morgan Williams,  President, U.S.-Ukraine Business Council (USUBC), "USUBC looks forword to working with Senior Partner and President of BDO, LLC, Alla Savchenko and her colleagues at BDO in Ukraine."

REFERENCE 
For additional information about BDO in Ukraine go to: http://bdo.com.ua/lang_en-us/.

USUBC MEMBERSHIP REACHES 185  

USUBC membership has grown rapidly during the past six years. Membership now stands at 185. In January 2005 membership was eight; two years later it had grown to 22; in January 2009 it reached 100; and in January of 2011 topped 150. A complete list of USUBC members can be found at: http://www.usubc.org/members.php. For a list of the USUBC board of directors go to:http://www.usubc.org/site/u-s-ukraine-business-council-board-of-directors.