History

The development history of BDO in Russia cannot be separated from the development history of the audit and consulting services in Russia.
Andrei Dubinskiy
Head and founder of BDO in Russia

• 2010

  As of 1 January 2010, companies from 115 countries which are members of the BDO International network of independent audit and consulting firms have transitioned to one brand — BDO. Thus, they will share unified principles of servicing clients which implies highest quality of provided services, concept of proximity to the client, direct participation of partners in solving clients’ problems, and also access to the international knowledge database of the global network and the use of the audit tool exclusively designed for BDO network members. The company statutory name changes from ZAO BDO Unicon to ZAO BDO.

• 2009

  BDO Russia celebrates its 20-year anniversary with new wins. The company becomes the first Russian audit and consulting firm concurrently registered with the New-Your and London stock-exchanges. This means that audit reports attested by BDO Russia are considered as necessary and sufficient instrument for Russian companies placing securities at these stock-exchanges. The company is also an official Deutsche Börse listing partner.

• 2007

  General agreement was signed on the cooperation between BDO Russia and the State Hermitage Museum. The company becomes the official Hermitage adviser on certain Russian and international projects.

  Among first audit and consulting firms the company started providing information on its services via RTS web-site on the RTS START page which is assembling a pool of consultants — assigned financial advisers, market-makers, auditors, legal advisers, PR and IR-agencies who provide services related to preparation of securities’ issues and placement of securities at the stock market.

  Andrei Dubinskiy is rated among top five leading Russian companies’ managers based on the 2007 performance. He wins ARISTOS-2007 Award established jointly by the Russian Managers Association and “Kommersant-Ъ” Publishing House.

• 2005

  BDO Russia includes asset and liability valuations (PPA, purchase price allocation) in accordance with US GAAP and independent financial investigations and settlement of disputes (forensic) into the range of its services. The company starts to provide IPO-related services.

  BDO Russia gets involved into the Sochi bid campaign, a project of national significance. At the same time, the consulting practitioners of the company provided direct assistance to develop a Concept Paper on the Federal Task Program “Development of Sochi as the mountain climatic health resort for 2006-2014” and submitted it to the Russian Government for approval.

• 2004

  The company is 15 years old. Based on its 2003 performance, BDO Russia was rated:

  • No. 1 Russian company in the “Expert” rating of Russia’s Largest Audit and Consulting Groups
  • No. 1 Russian company in the “Commersant-Money” rating of Top 100 Russia’s audit firms
  • No 1 in the “Izvestiya” rating of Russian Largest Audit and Consulting Firms
• 2002

  The company accepts the proposal of BDO International global network to merge Unicon and BDO’s operations in Russia — it becomes the holder of the exclusive right to provide services in Russia under the BDO brand.

• 2001

  The growth of the SAP direction reaches 60-70% per annum in the company’s operations, and the revenue in this sphere exceeds USD 4 million. The company’s operations revenues are above USD 17 million.

• 1999

  The company is 10 years old. This is the first milestone in the foundation of its corporate traditions, its history is now measured in decades. The Macro-Economic Research Center (MERC) is established within the company structure. The Center’s objective is to offer clients long-term advantages based on the findings of macro-environment surveys. MERC offers a new service — production of professional information providing an objective assessment of the situation in key sectors and industries. The findings of MERC macroeconomic research are popular with developing Russian and foreign companies, the public, leading media and public authorities. In 2001, the business weekly “Company” rated the firm as the company of the year in the Audit and Consulting Category for the establishment and development of MERC.

• 1996

  The company becomes the first Russian audit firm approved by the State Duma as the RF Central Bank auditor (previously, only major international auditing companies were engaged to audit the Bank).Company’s turnover for the year made USD 10 million for the first time in itshistoryits history.

• 1995

  Unicon is systematizing the accumulated experience and investing extensively in training of its employees as well as development and implementation of new business technologies. One of Great Britain’s business-schools together with PWC organized a special training program for managers of the firm who were to create business which was new to Russia. The company tops the rating of major Russian audit and consulting firms based on its annual performance.

• 1994

  The company adds a new dimension to its professional operations - IT with the use of Internet possibilities. A major project is completed for Bratsk Aluminum Factory to develop and implement an integrated accounting, financial control and planning system “Antheus 2001 Crisis Management System”.

• 1989

  The establishment of the Unicon brand. The first project was fulfilled — development and implementation of a procurement system in the environment of decentralized economy at Norilsk Nickel.