DUE DILIGENCE: ESTIMATION OF REVENUES OF AUDIT COMPANIES FROM SERVICES RENDERED IN THE RUSSIAN FEDERATION

摘要

The article draws attention to the fact that auditing companies (AC) are introducing new services to support M&A transaction (like due diligence (DD)). In Russia, very few studies have been carried out on DD, and all of them focused mainly on methodology and classification of the service within the system of audit services. DD market analysis has been never conducted before by russian due to the absence of official statistics on its contribution to the revenues of AC. In that regard, this paper provides for hypothetical method for effective estimation of DD revenues of AC. As main research methods, analysis and synthesis of statistical data concerning activities of AC in Russia and surveys of respected information agencies on the state of global market of M&A transactions have been used. Percentage share and contribution to revenues of AC from DD service in the Russian Federation in 2014-2016 has been determined. Correlation analysis of the data allowed to draw a conclusion that the revenues of AC from DD in Russia depends directly on commissions from M&A transactions in the whole world and in Russia, as well as on the income of AC in Russia from other services except audit.