Leader Audit — Audit & Tax Firm in Tashkent
A licensed audit firm in Uzbekistan. Statutory and initiative audits under international ISA and national NAS standards, tax consulting, VAT refund and accounting outsourcing. 13 years on the market, 220+ engagements, licensed by the Ministry of Finance of Uzbekistan.
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Leader Audit in numbers
- 13 years on the market (since 2013)
- 220+ audit engagements completed
- 200+ billion UZS of VAT refunds assisted
- CAP, CIPA, DipIFR (ACCA) certifications
- Professional liability insured
Free consultation: +998 97 410 04 47 · info@leaderaudit.uz · 12 Mustaqillik St, Tashkent.
Frequently asked questions
Who in Uzbekistan is required to undergo an annual audit?
Under Article 35 of the Law of the Republic of Uzbekistan on Auditing Activities, a mandatory audit is required for: joint-stock companies, banks and other credit institutions, insurance organizations, agricultural cooperatives, investment and other funds, charitable and public funds, business entities with a state-owned share in their charter fund regardless of its size, exchanges, and commercial organizations meeting two of three conditions for the year: assets above 100,000 BCV, revenue above 200,000 BCV, average annual headcount above 100 employees. Leader Audit holds a license from the Ministry of Finance of the Republic of Uzbekistan and performs mandatory audits in accordance with the International Standards on Auditing (ISA).
How can you reclaim VAT in Uzbekistan?
A VAT refund in Uzbekistan is available when input VAT exceeds output VAT, for the export of goods and services, and in connection with investment activities. The procedure involves preparing documentation, filing an application with the tax authority, undergoing a desk audit, and receiving the refund to your settlement account. Leader Audit has helped clients reclaim more than 200 billion soums in VAT.
What is a voluntary audit and why is it needed?
A voluntary (initiative) audit is conducted at the decision of a company's management to assess the reliability of the financial statements, identify tax risks, and prepare for raising investment, selling the business, or changing ownership. A voluntary audit is especially useful ahead of a tax inspection and when entering international markets.
How much do audit services cost in Tashkent?
The cost of an audit depends on the scale of the company's operations, the complexity of its financial statements (ISA, IFRS, NAS), the industry, and the volume of business transactions. Prices are determined individually following an express risk analysis. Leader Audit offers the first consultation free of charge — submit a request or call +998 97 410 04 47.
How do ISA differ from NAS?
ISA (International Standards on Auditing) are global standards applied when auditing financial statements prepared under IFRS and are recognized worldwide. NAS (National Accounting Standards) are the standards of the Republic of Uzbekistan, mandatory for all local companies. Many companies in Uzbekistan maintain parallel accounting records under both frameworks, and Leader Audit performs audits under either system.
What liability does an audit firm bear?
Leader Audit bears full financial liability for the quality of its audit report. Its professional liability is insured in accordance with the requirements of the legislation of the Republic of Uzbekistan — the insurance policy guarantees compensation for the client's losses in the event of a professional error by the auditor.
Which industries does Leader Audit work with?
Leader Audit has deep expertise in complex and regulated industries: medicine and pharmaceuticals (Medical), IT and SaaS, manufacturing, wholesale and retail trade, construction, the banking sector, insurance, investment activities, and import-export. The firm's founders hold the CAP, CIPA and DipIFR (ACCA) qualifications.
How long does a company audit take?
A standard audit of a small company takes 2-3 weeks, a medium-sized company 1-2 months, and a large company with branches 2-4 months. The timeline depends on the volume of documentation, the readiness of accounting data, and the complexity of the industry. Leader Audit guarantees delivery of the audit report within the timeframe agreed with the client.
Does Leader Audit guarantee the confidentiality of company data?
Confidentiality is guaranteed not only by professional ethics but also legally. A non-disclosure agreement (NDA) is signed with every client, access to documents is limited to a small project team, and files are exchanged over secure channels. Information may be disclosed only at the request of government authorities in the cases established by law.
What international certifications do Leader Audit's auditors hold?
The Leader Audit team holds the international qualifications CAP (Certified Accounting Practitioner), CIPA (Certified International Professional Accountant) and DipIFR (Diploma in International Financial Reporting from ACCA, United Kingdom). These certifications confirm an expert level of competence in IFRS, auditing and taxation and are recognized in international markets.
Can I order only due diligence ahead of an M&A deal?
Yes. Leader Audit performs financial, tax and operational due diligence ahead of M&A deals and investment rounds. As part of the due diligence, hidden risks are identified, EBITDA is normalized, and a Quality of Earnings report and a risk register are prepared. The standard project timeline is 4-8 weeks, depending on the complexity of the target company.
Do you work with residents of IT Park Uzbekistan?
Yes, Leader Audit has experience working with residents of IT Park Uzbekistan. We understand the specifics of tax incentives for IT companies, the accounting treatment of intangible assets, the capitalization of software development costs under IAS 38 / IFRS, and the recognition of revenue from the export of IT services. We prepare IFRS financial statements for due diligence ahead of investment rounds.