Auditors say goodbye to redundant self-regulatory organizations. Natalya Borzova's comment for Kommersant

A former self-regulatory organization - Institute of Professional Auditors of Russia (IPA) - will be liquidated until the end of 2017, and its compensation fund will be used for charity purposes. Other two organizations that have lost the status of a self-regulatory organization are not eager to follow IPA's example; they found a niche in the new market environment - as lobbyists and advisers.

Natalya Borzova

Deputy General Director of FinExpertiza

- Auditors need former self-regulatory organizations. When there is no interest in the market, which is, so to say, "imposed by the Government", it can be a really useful independent platform.