Can the LLC member order the financial audit of LLC? Upon which terms?
The financial audit of the company can be arranged due to request of any member of that company with the chosen professional auditor.
This professional auditor is not to be connected by the property interests with the Company itself, with its members of the board of directors (supervisory board) and a person who is the sole executive body of the Company, with the member of Collegial Executive Body of the Company and its members in general (article 48 of the Federal Law “Concerning Limited Liability Companies” No.14-FZ dated 08.02.1998).
In case of financial audit the auditor services are to be paid at the expense of that person who had ordered it. The expenses spent for the auditor services can be reimbursed by the decision of the general company participants’ meeting and can be at company’s expense.
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