Internal Controls

Implementing internal control systems and internal audit 

  • Assessing business process risks
  • Developing internal controls
  • Preparing internal policies 
  • Monitoring internal controls

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Development of a company internal control environment and procedures assessment methodology and questionnaire (check-list) for a Ukrainian TOP-20 professional services company
Development of financial statements standard forms (both IFRS and Ukraine’s GAAP), recommended notes and review (audit) check-list for a Ukrainian TOP-20 professional services company
Management advisory on regulatory issues for a TOP-20 professional services firm, including implementatin of quality control (ISQC 1-compliant) policy, Know-Your-Client / financial monitoring policy and passing a state regulatory body audit
Revision and improvement of a credit management and controling process (including trade receivables, vendor prepayments and inventory storage with third parties) for a large Ukrainian agro-holding group (over 50 companies), including: portfolio review, customer accreditation, credit profiles and credit authorization processes implementation, periodic credit exposure monitoring, overdue debts follow-up process reenforcement
Tax & legal advisory on mitigation of VAT risks related to supplies of agricultural commodities (fraudulent chains of supply), including revision of company vendor accreditation policy, 1C approval workflow processes and vendor legal agreements as measures to prevent the risk, for a large Ukrainian agro-holding group (over 50 companies)
Fast month-close process implementation in a large Ukrainian agro-holding group (over 50 companies)
Global Internal Control Framework roll-out in a large production and distribution company of an international corporation (as a Subject Matter Expert / Internal Control Advisor)
Development and implementation of >40 internal business process, financial and legal compliance policies in a large production and distribution company of an international corporation (Business Analyst / Subject Matter Expert services)
Development of an authored Corporate Income Tax and Value Added Tax review (testing) methodologies and automation tools within the scope of external audit or company in-house self-review or internal controls
Development and implementation of Procurement policy, procedures and processes from scratch in a large production and distribution company of an international corporation
Procurement Management & Control Application and global standard procurement process roll-out in a large production and distribution company of an international group (client-side Business Analyst / Project and Change Manager)
Monthy/Annual Corporate Financial Reporting, GL Accounting and GL internal controls outsourcing to a third party provider for a large production and distribution compay of an international corporation (management of the project and the changes)
Implementation of a fast-month close process (by Working Day 2) in a large production and distribution company of an international corporation (design of data flows, processes and procedures, checklists, documents, management of changes)
Development and implementation of a monthly uncompleted purchase order accruals monitoring and booking process in a large production and distribution company of an international group (complete management of changes) as a part of month-end closing




Welcome! I am a managing partner, and I personally participate in most of the client services. Key facts about me:

  • 24 years in Finance, Certified Public Accountant in Ukraine since 2003, 18 years in multinational environment, 16 years in audit, tax and advisory with over 150 clients served
  • 9 years – CFO / local Board Member in a subsidiary of an international corporation (Syngenta): $385m sales, 350 people, 17 direct reports, supported 4X company growth

  • passed 6 audits by international audit companies without significant comments, 3 internal audits in an international corporation with an assessment of "basically controlled"
  • 4 years – a manager in Tax & Legal Services of a Big4 audit firm (Deloitte)

  • 6 years - executing Head of Accounting of a large taxpayer in Ukraine, 3 Central Tax Office audits passed with less than $165k assessment (for $0.3b business)

  • 1 year - COO and CBDO in a TOP-20 audit company in Ukraine, successfully passed the audit quality state supervisory body review
  • over 250 completed projects in the areas of corporate finance, accounting and reporting, tax compliance and consulting, transfer pricing, audit, internal control, finance function set-up and transformation, implementation of ERP and other tools, legal and corporate affairs

  • full-stack developer since 1987, business analyst and system administrator (HTML, CSS, Javascript, PHP, SQL, MS Access/Excel/VBA, Linux...)


I believe, Konstantin is one of the top professionals in his area of expertise. He is an excellent problem-solver, able to make decisions and act independently, see issues both from strategic and details perspective, analyse and forecast issues impact, communicate clearly and manage things on priority. I highly appreciate Konstantin’s overall leadership contribution during the last 9 years, which allowed to have a stable, efficient, compliant and internal customer-oriented finance service and finance support, enabling about four times business and organizational growth during this period, as well as smooth and successful passing of several internal, external and tax audits.

Gebhard Rogenhofer

CEO / Commercial Unit Head, Ukraine (2018)

SYNGENTA (Ukraine)

Konstantin is one of the most competent finance professionals that I have had the pleasure to work with. When he is given a problem he spends time to fully understand all the implications before the designing a plan of how to overcome it. He is capable to deal with issues ranging from system and processes to intricate complicated international tax issues. He is able to manage a diverse team maintaining motivation and enthusiasm no matter how difficult the circumstances. His foresight in dealing with issues at an early stage has saved the company in many instances.

Christopher Cooke, CFA

CFO / Finance Business Partner


I have worked with Konstantin for almost 7 years. I have always been impressed by his knowledge and deep understanding of IFRS requirements, taxation rules, and ERP system interdependencies. I truly consider Konstantin as one of the best experts in these areas.

Alexander Bykov

Territory Finance Services Head, CIS (2016)


During several years I worked closely together with Konstantin. His local financial experience helped us a lot to stabilize the Finance department of our entity in Ukraine. As tax expert he is absolutely at a very high level. Complex financial and tax subjects Konstantin solved and his great contribution from Finance perspective to the development of the business in Ukraine has been of an enormous value. Konstantin is an integer and high Finance and tax professional.

Piet Karemaker

Head of Finance Services, Country Cluster EAME (2015)


…the bookkeeping was not up to international standards. The company operated on two different SAP systems, trial balances showed fluctuating differences and product costing was not accurate at all, etc. Within short time period Konstantin gained the overview on the complex business model of TOV Syngenta and solved together with the team one by one the problems. With reliable figures Finance rebuilt the trust of Group Finance and local Management supporting the following growth of TOV Syngenta. Konstantin’s leadership qualifications are reflected in a for CIS countries small staff fluctuation. I can recommend Konstantin to anyone looking for a competent and integral CFO.

Marcel Keller

Regional Finance Support Manager, EAME (2013)


Konstantin is a professional who acts with honesty and integrity. He works hard and is always focused on serving clients and looking after them, even at his own cost. Konstantin has good interpersonal and communication skills. He can work independently and is able to follow through to ensure that the projects are completed accurately, timely and efficiently.

Karl Gessner

Partner - Tax & Legal Services (2008)

DELOITTE (Ukraine)

Konstantin possesses a thorough working knowledge of Ukrainian tax legislation, has a strong intuition on a wide range of issues in corporate and individual taxation. This is coupled with good understanding of International Financial Reporting Standards. Konstantin has been involved in projects performed for diverse range of industries, and demonstrated good knowledge of respective industry specifics, including banking, insurance and other sectors.

Piotr Fokow

Partner - Audit and Assurance (2008)

DELOITTE (Ukraine)

It is a distinct pleasure to recommend to you my colleague, Konstantin Krasnoukhov. Konstantin is a quick learner and has inquisitive mind. Konstantin possesses ground knowledge in different areas, such as: financial accounting, tax accounting, tax legislation and programming. Konstantin is an idea-generator. While working in Deloitte Konstantin has developed a model of effective and time efficient testing of tax balances and charges, a number of internal management instruments and reports, and a number of professional trainings. I would recommend Konstantin to you. He would be a tremendous asset in any company.

Yevgenia Nogovitsyna

Senior Manager, Tax & Legal services (2008)

DELOITTE (Ukraine)


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