Fbk, Ooo

What Fbk, Ooo does

FBK is one of Russia's leading audit and consulting groups, established in 1990 and headquartered in Moscow. The firm operates through a multi-subsidiary structure comprising FBK LLC and GC FBK LLC (audit practices), FBK Consulting LLC, FBK Legal LLC, and Cyber Business Consulting LLC, employing more than 800 professionals organized across 120+ practice areas. It serves over 2,000 clients including major Russian banks, state-owned enterprises, and large corporations across oil and gas, nuclear, metallurgy, mining, energy, pharmaceuticals, telecommunications, and other sectors.

The company's core service portfolio spans statutory and IFRS audit, internal audit and risk management advisory, tax and legal services, business and asset valuation, financial due diligence, outsourcing, IT audit, and licensed cybersecurity (FSB and FSTEC credentials). FBK is registered in the Bank of Russia and Federal Treasury registers of audit firms permitted to serve public interest entities, recommended by the Russian Ministry of Finance for valuation work, and recognized by RAEX as the #1 bank auditor in Russia every year since 2019. Revenue is generated through professional services engagements (audit fees, advisory retainers, and project-based consulting) sold via direct enterprise field sales to large Russian corporates, financial institutions, and government entities, with long-term partnership-based client relationships.

Name

Fbk, Ooo

Legal name

FBK LLC

Website

https://fbkmoscow.ru

Company type

Private

Founded year

1990

Operating status

Operating

Short description

FBK is a leading Russian audit and consulting group founded in 1990, serving over 2,000 financial institutions, state-owned enterprises, and large corporations with audit, tax, legal, valuation, consulting, outsourcing, IT audit, and cybersecurity services delivered by 800+ professionals across five subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Professional Services: FBK generates revenue through providing professional services including audit (statutory, IFRS, internal), tax and legal advisory, valuation, consulting, outsourcing, IT audit, and cybersecurity services. Revenue is derived from long-term client partnerships with major Russian enterprises and financial institutions.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

FBK Group is a Russian audit and consulting firm that delivers statutory and IFRS audit, tax and legal advisory, business valuation, strategic and financial consulting, outsourcing, IT audit and cybersecurity services to financial institutions, state-owned enterprises and large corporations. The group operates through wholly-owned practices (FBK LLC, GC FBK LLC, FBK Consulting LLC, FBK Legal LLC, and Cyber Business Consulting LLC / FBK Cybersecurity) covering the full professional services lifecycle.

Product overview

FBK is a leading Russian audit and consulting group offering a comprehensive portfolio of professional services. The firm is structured as a multi-practice organization comprising several specialized entities: FBK LLC (audit), FBK Consulting LLC (consulting), FBK Legal LLC (tax and legal), and Cyber Business Consulting LLC (cybersecurity/IT advisory). The core service offerings include Audit and Assurance Services (covering statutory audit under Russian and IFRS standards for financial institutions), Tax and Legal Services, Valuation Services (including IFRS valuations, business valuation), Consulting Services (strategic, investment advisory, M&A support), and IT Audit and Advisory Services. FBK specializes heavily in financial institutions, offering specialized services such as Operational Audit under Bank of Russia Regulations, Internal Control and Internal Audit Assessment, Risk and Capital Management Assessment, Forensics, SWIFT CSP Compliance Assessment, BC/DR Plan Enhancement, and Due Diligence services. The group also provides Engineering Services for construction and technical due diligence. With over 30 years of experience, FBK is recognized as a market leader in audit and advisory services for financial institutions according to RAEX rankings, consistently ranking first in bank audit since 2019.

Differentiator

Problem solved

Functional benefit

Brands

• FBK Legal: Tax and legal practice under FBK Group, website at fbk-pravo.ru
• FBK Cybersecurity
• Cyber Business Consulting LLC

Products and services

• Audit and Assurance Services Comprehensive statutory audit services under Russian accounting standards, industry-specific standards and IFRS Accounting Standards; audit of financial institutions including banks, insurance companies, leasing companies and investment institutions.
• Tax and Legal Services Tax advisory, legal services, tax expert reports for bonded loan issuance, contract review, litigation support and compliance with Russian tax legislation for financial institutions and corporate clients.
• Valuation Services Asset and business valuation, valuation for IFRS purposes, purchase price allocation (PPA), impairment testing, valuation of investment projects and investment property valuation.
• Consulting Services Strategic consulting, financial advisory, investment advisory, M&A transaction support, business valuation and financial modelling.
• Services to Financial Institutions Comprehensive services to credit and non-credit financial institutions including statutory and IFRS audit, internal control assessment, risk management, forensics and operational audit under Bank of Russia regulations.
• Services to Institutions in the Financial Market Services to securities market participants, clearing houses, trade organisers and professional participants including audit, IFRS advisory, investment advisory, valuation and forensics.
• IT Audit and Advisory Services IT infrastructure audit, software development process audit, IT general controls review, IT governance assessment (COBIT/ITIL/ITSM), IT due diligence, SWIFT CSP compliance assessment, software import substitution advisory and IT policy development.
• Operational Audit under Bank of Russia Regulations Independent assessment of operational activities for trade organisers, central counterparties, central depositories and AIS insurance operators under Bank of Russia Regulations No. 437-P and No. 556-P.
• Internal Control and Internal Audit Assessment Evaluation and enhancement of internal control and audit systems for credit institutions aligned with Bank of Russia Regulation No. 242-P, Basel Committee guidelines, COSO frameworks and IPPF standards.
• Risk and Capital Management Assessment Independent assessment and optimization of risk and capital management systems to ensure compliance with Bank of Russia requirements including ICAAP implementation.
• Forensics Services Independent investigation into economic activities to assess risks, detect fraud and recover stolen or concealed assets, including forensic examinations, digital forensics and legal proceedings support.
• GOST R 57580 Implementation Services Implementation of GOST R 57580.3-2022 and GOST R 57580.4-2022 standards along with Bank of Russia Methodological Recommendations No. 7-MR for financial institutions.
• SWIFT CSP Compliance Assessment Independent assessment of SWIFT Customer Security Programme compliance for financial organisations of all sizes and SWIFT architecture types.
• BC/DR Plan Enhancement Comprehensive services to audit, refine and test business continuity and disaster recovery plans in accordance with Bank of Russia Regulation No. 242-P.
• Audit Confirmation for Phased Deduction of Intangible Assets Assurance engagement providing independent auditor confirmation that banks' intangible assets satisfy regulatory conditions for phased deduction from equity capital over four years under ISAE 3000.
• Audit and Review of IFRS Financial Statements Verification and confirmation of reliability and completeness of financial information prepared in accordance with IFRS Accounting Standards, including statutory audits and review engagements for financial institutions.
• Tax and Accounting Advisory Supporting banks and financial organisations with accounting, tax records, regulatory reporting and compliance with legal requirements including development of accounting policies and transfer pricing analysis.
• Financial, Tax, and Legal Due Diligence Comprehensive due diligence services for credit institutions, microfinance organisations, insurers, leasing, factoring and investment companies including credit portfolio analysis, tax compliance review and legal due diligence.
• Business Process Optimization Analysis of internal documents and business processes at credit institutions to align with organisation objectives and regulatory requirements.
• Compensation System Optimization Risk-oriented remuneration system development and optimization for credit institutions including deferred bonus mechanisms for risk-taking employees per Bank of Russia Instruction No. 154-I.
• IFRS-Related Advisory Services in the Financial Market Comprehensive advisory on IFRS Accounting Standards application including preparation of financial statements, accounting policies, transition guidance and first-time adoption support for financial market participants.
• Valuation for IFRS Purposes Ensures accuracy, transparency and comparability of financial statements under IFRS including PPA (purchase price allocation), impairment testing and fair value assessments.
• Business Valuation Comprehensive business valuation services for various purposes including investment decisions, transactions and financial reporting.
• Corporate Governance and Sustainability Services Sustainability services including preparation and assurance of non-financial reporting, GRI Standards implementation, TCFD recommendations and IFRS Sustainability Disclosure Standards.
• Outsourcing Services Outsourced accounting, administrative and operational functions.
• Cybersecurity Services (FBK CyberSecurity) Cybersecurity services including licensed cryptographic information protection, technical protection of confidential information and cybersecurity consulting for financial institutions, delivered by FBK Cybersecurity / Cyber Business Consulting LLC.

Quantifiable outcome

• Ranked 1st in audit of public interest entities in financial market, listed companies, credit institutions, and entities with state ownership
• +4 more outcomes

Named customers23 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• UN Global CompactcoreStrategic or Co-development Partner · 1 August 2018FBK became a participant of the UN Global Compact Local Network in Russia in August 2018, affirming commitment to UN Global Compact Principles and Sustainable Development Goals. FBK's Partner Vladimir Skobarev was elected to the governing board.
• Self-Regulatory Organization of Auditors Association SodruzhestvocoreOthersFBK LLC is a member of this self-regulatory organization of auditors, which is a key professional body in the Russian audit industry.
• Russian Managers AssociationcoreOthersFBK LLC is a member of the Russian Managers Association (AMR), a major professional business association in Russia.
• Chamber of Commerce and Industry of the Russian FederationcoreOthersFBK LLC is a member of the Chamber of Commerce and Industry of the Russian Federation, the largest non-governmental organization representing business interests.
• Russian Union of Industrialists and Entrepreneurs (RSPP)coreOthersFBK LLC is a member of RSPP, one of the largest business associations in Russia representing industrialists and entrepreneurs.
• National Union of AuditorscoreOthersFBK LLC is a member of the National Union of Auditors, a professional audit organization.
• Russian Society of AppraiserscoreOthersFBK LLC is a member of the Russian Society of Appraisers, a professional valuation organization.
• National Association of Financial Directors (NAFD)coreOthersFBK LLC is a member of NAFD, the professional association for financial directors in Russia.
• Life Line Charity FoundationminorOthersFBK participates in fundraising initiative 'A Person's Life is No Trifle' organized by the Life Line Charity Foundation. Also implemented joint project to support children under 'Charity Instead of Souvenirs' initiative.

Scale indicators11 records

Recent moves5 records

Expansion highlights6 records

Regional players

• RSK Group: RSK Group is a Russia-focused audit and consulting firm offering statutory audit, tax, and advisory services to financial institutions and corporates. It is a regional peer within the Russian audit market served by FBK.

Direct peers

• Kept (formerly KPMG Russia): Kept is the successor to KPMG in Russia, offering audit, tax, legal, and advisory services to large Russian enterprises and financial institutions. It is the most direct competitor to FBK in the Russian audit and consulting market.
• Intercomp: Intercomp is a Russian audit, tax, and consulting firm serving mid-cap and large Russian enterprises. It is a comparable full-service domestic peer in the same RAEX rankings as FBK.
• B1 (formerly EY Russia): B1 is the EY Russia successor firm providing audit, tax, consulting, and legal services to major Russian corporates. It competes head-to-head with FBK for the same Tier-1 client mandates across banking, energy, and state-owned enterprises.
• Finexpertiza: Finexpertiza is a top-10 Russian audit and consulting network focused on audit, valuation, and tax services for mid-market and large Russian companies. It competes with FBK in the domestic audit rankings tracked by RAEX.
• Technologiya Doveriya (formerly Deloitte CIS): Technologiya Doveriya is the successor to Deloitte in Russia and CIS, offering audit, tax, consulting, and risk advisory. It is a comparable multi-discipline Russian professional services firm with overlapping client base.

Emerging players

• Grant Thornton Russia: Grant Thornton's Russian member firm provides audit, tax, and advisory services to mid-market and emerging Russian businesses. It is an emerging international-affiliated peer with partial overlap to FBK's mid-cap client base.
• Baker Tilly Russia: Baker Tilly's Russian member firm provides audit, tax, and consulting services to mid-market Russian enterprises. It is an international-affiliated emerging player with comparable service scope to FBK's non-bank practice.
• Crowe Russia: Crowe Russia's audit and advisory practice serves Russian SMEs and mid-market companies. It is an emerging international-affiliated peer with partial overlap to FBK's mid-cap and financial-institution work.

Broad incumbents

• PwC Russia (successor operations): PwC's Russian operations, though restructured post-2022, retain a significant domestic presence and compete with FBK on audit and advisory mandates for large Russian enterprises with international footprints.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTuberutube.ru/channel/44801521

Compliance17 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fbk, Ooo