27 April, 2016 As of 30 March 2016, Accounting officers can now be fined 2-4 times more for violation of rules according to the Federal law No. 77-FZ. Under article 15.11 of the Code of administrative offences of the Russian Federation, the size of penalty has increased by as much as 5 to 10 thousand rubles. For repeated violations, the fine goes up to 20 thousand roubles or disqualification 2 years. Documents referred to in the law are primary accounting documents, registers accounting, financial statements and auditor's report.
In line with article 13.25 of the Code of administrative offences, fines for companies will rise to 300 thousand rubles.
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The challenge for many accounts departments is obtaining primary documents from their contractors: invoices, contracts, etc. Suppliers often send their documents after the deadline, and frequently the documents are incorrect and must be requested again. The best way to speed-up the process is to create an electronic archive of documents. This solution accelerates document workflow significantly.
For the past 18 years, OSG has provided solutions for the commercial and state archives of Russia, helping companies to transform their archive into a valuable asset. OSG provides secure archival document storage for leading companies across Russia, from Kaliningrad to Petropavlovsk-Kamchatsky.