Accounting Advisory & Outsourcing

Comprehensive solutions in accounting, tax compliance,
IFRS financial reporting, iXBRL and SAF-T UA

Modern businesses face increasing requirements related to accounting, financial reporting, and tax compliance. Well-organized accounting processes, IFRS-compliant financial reporting, iXBRL reporting, and SAF-T UA implementation help companies comply with regulatory requirements, improve transparency, and minimize tax and regulatory risks.

Kreston Ukraine provides comprehensive services in accounting, tax compliance, financial reporting, and accounting outsourcing. We help organizations establish and improve accounting processes, transform financial statements in accordance with IFRS requirements, prepare iXBRL reports, and implement SAF-T UA solutions.

As the exclusive representative of Kreston Global in Ukraine, we combine international expertise with practical experience supporting both Ukrainian and international companies.

Who can benefit from accounting, reporting and outsourcing services

Kreston Ukraine’s services are particularly valuable for:

2 1 1

Regulatory requirements for IFRS, iXBRL and SAF-T UA

Certain services related to IFRS financial reporting, iXBRL reporting, and SAF-T UA are mandatory under Ukrainian legislation and regulatory requirements.

IFRS adoption

The law of Ukraine “On Accounting and Financial Reporting in Ukraine” No. 996 requires the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) by:

iXBRL reporting

Entities preparing IFRS financial statements are required to submit financial and consolidated financial statements in a single electronic reporting format (iXBRL) based on the IFRS Financial Reporting Taxonomy.

SAF-T UA

Large taxpayers are required to generate and submit SAF-T UA files upon request from the State Tax Service of Ukraine during tax audits, in accordance with Ukrainian tax legislation.

Tax, financial and regulatory risks

Weaknesses in accounting and tax processes, as well as errors in financial reporting, may result in:

  • additional tax assessments and financial penalties imposed by regulators;
  • material misstatements in financial statements and adverse audit opinions;
  • claims from investors, lenders, and other stakeholders;
  • increased exposure during tax audits and electronic audits (SAF-T UA).
Облік, звітність та аутсорсинг - 2 11

Effective accounting processes, timely financial reporting, and strong tax compliance help reduce regulatory, financial, and reputational risks while increasing the confidence of investors, lenders, and regulators.

Our Experience

Kreston Ukraine professionals have practical experience in delivering projects in:

IFRS transition projects;

Financial reporting transformation;

iXBRL reporting preparation;

Development of accounting policies;

Accounting outsourcing; .

Preparing large taxpayers for SAF-T UA implementation

Our clients include manufacturing companies, agricultural businesses, banks, insurance companies, retail chains, IT companies, and international groups.

Why сlients сhoose Kreston Ukraine

Kreston Ukraine is part of Kreston Global, an international network represented in more than 100 countries worldwide.

Our team includes certified Ukrainian auditors as well as professionals holding internationally recognized qualifications such as ACCA, CPA, and CIPA, with extensive experience supporting both Ukrainian and international businesses.

Implemented projects
news and publications

TRUSTED BY THE BEST

Трансфертне ціноутворення - ukrpostlogo1 1

Permanent communication with representatives of UKRPOSHTA allowed the company's consultants to find the optimal solution for the implementation of the agreed project and check the presence of transfer pricing risks. Considering the positive experience of cooperation, we recommend Kreston Ukraine as a reliable and competent partner in the field of transfer pricing.

UKRPOSHTA

Трансфертне ціноутворення - schreder91

The results of cooperation allow us to conclude that Kreston Ukraine experts are true professionals in their field. We are satisfied with the result and are ready to expand our partnership in the future. We recommend Kreston Ukraine as a reliable consultant and experienced transfer pricing expert.

SCHROEDER UKRAINE

Трансфертне ціноутворення - 380x200 apteka1 1

Pharmastor LLC has been cooperating with Kreston Ukraine since 2017 and has no doubts about the high qualifications and competence of the specialists in this company. Through many years of cooperation, we have become convinced of the integrity, objectivity and professionalism of Kreston Ukraine employees. In view of many years of positive experience of cooperation, Pharmastor confidently recommends Kreston Ukraine as a reliable, competent and highly qualified partner in the field of transfer pricing.

PHARMASTOR

Трансфертне ціноутворення - ae827655587195.Y3JvcCw4MDgsNjMyLDAsMA1 1

The extremely attentive attitude of Kreston Ukraine specialists to the needs of the client, the ability to quickly navigate and find solutions to problems should be noted, as well as excellent knowledge of tax legislation. The internal and external communication of the team is also commendable. We are completely satisfied with the quality and efficiency of company’s work and recommend Kreston Ukraine to resolve tax issues and provide transfer pricing services.

FC "DYNAMO KYIV"


Трансфертне ціноутворення - Bank ynvestyts y y sberezhenyy 1

The quality of services provided to us by Kreston Ukraine team meets our high expectations from working with a company that has a reputable international network. The experts helped us to find a convincing justification for our arm's-length operations and carefully prepared all the necessary documentation stipulated by the terms of the contract. The team of experts is distinguished by deep competence and understanding of the specific features of the banking sector. We are satisfied with our cooperation with Kreston Ukraine and confidently recommend the company to everyone who needs help with transfer pricing issues.

BANK FOR INVESTMENTS AND SAVINGS

Трансфертне ціноутворення - 36fdb1a35cd2f54f95cf2119fb5bc7ed XL1

Kreston Ukraine specialists provided our company with transfer pricing services. In the course of the work, the company's specialists prepared recommendations that made it possible to significantly improve the quality of our transfer pricing documentation. Since cooperation with Kreston Ukraine has fully justified itself, Budpostach confidently recommends the experts of this company to resolve issues and consultations on transfer pricing.

BUDPOSTACH

Трансфертне ціноутворення - 49fdf974470813.Y3JvcCwxNDAwLDEwOTUsMCw1OA1 1

During the period of cooperation, the employees of the company have established themselves as specialists who fulfill their obligations at a high quality level and strictly within the terms established by the contract. We note the efficient work and promptness of tasks, attentive attitude to the needs of the client and deep knowledge of the industry.

STAR MEDIA

Трансфертне ціноутворення - c99e3db826c0f4cc2688a36ce3b60e1a XL1

We are satisfied with our cooperation with Kreston Ukraine and recommend the company as a reliable business partner. The team carried out high-quality work and data analysis, focusing on the main transfer pricing rule - the “arm's length” principle. All information was provided within the terms established by the contract.

ROSHEN

Трансфертне ціноутворення - maisadour semences1

In the course of work, we were convinced of the high qualifications of Kreston Ukraine employees. The specialists quickly responded to the questions we had during the project implementation. The company has extensive experience not only in the field of transfer pricing, but also in the taxation of agricultural enterprises in Ukraine.

MAS SIDS UKRAINE

Трансфертне ціноутворення - f136488105971

The services provided by Kreston Ukraine allowed us to fulfill our obligations under Art. 39 and Art. 140.5 of the Tax Code of Ukraine. Our experience of cooperation was positive; therefore, we confidently recommend Kreston Ukraine as a competent expert in the field of transfer pricing.

UNIVERSAL FISH COMPANY

Трансфертне ціноутворення

Specialists have demonstrated the ability to carefully and timely perform all necessary procedures and adhere to the conditions specified in the contract. Attention and flawless communication between the team and the client deserve recognition. The company fulfilled all contractual obligations in full.

MONOMAKH

What is included in accounting outsourcing services?

Accounting outsourcing services may include bookkeeping and tax accounting, preparation of financial and tax reports, payroll processing, communication with regulatory authorities, and ongoing advisory support.

When is the transformation of financial statements from Ukrainian Accounting Standards (UAS) to IFRS required?

Financial statement transformation is required for companies that are obliged to report under IFRS or prepare financial statements for investors, banks, and international business partners.

What is an IFRS accounting policy?

An IFRS accounting policy defines the principles, approaches, and rules applied in accounting and financial reporting in accordance with International Financial Reporting Standards (IFRS).

Who is required to submit financial statements in iXBRL format?

Financial statements in iXBRL format must be submitted by entities that prepare financial statements under IFRS and are required by law to file them through the Financial Reporting Collection Center.

What is SAF-T UA?

SAF-T UA (Standard Audit File for Tax) is a standardized electronic audit file that may be requested by the State Tax Service of Ukraine during tax audits for electronic auditing and analysis of accounting and tax data.

Who needs to implement SAF-T UA?

SAF-T UA implementation is primarily relevant for large taxpayers that are required to generate and provide SAF-T UA files upon request from the State Tax Service of Ukraine during documentary tax audits.

Can accounting functions be fully outsourced?

Yes. Companies may outsource individual accounting functions or the entire range of accounting and tax services depending on their business needs. The most commonly outsourced functions include bookkeeping, financial reporting, payroll processing, and tax compliance support.

What are the benefits of preparing financial statements under IFRS?

IFRS financial statements may be required for attracting investors, obtaining financing, conducting due diligence procedures, and consolidating financial information within international groups of companies. IFRS reporting also enhances transparency and ensures compliance with internationally recognized financial reporting standards.

Need assistance with accounting, IFRS financial reporting, iXBRL reporting, or SAF-T UA implementation?

Contact Kreston Ukraine’s experts for a personalized consultation and professional support. Our team will help you address accounting, reporting, and tax compliance challenges effectively and in accordance with current regulatory requirements.

TRUST YOUR PROJECT TO PROFESSIONALS

JOIN KRESTON