This is a manual of a CPA firm Andrei Belonogov (AB or the firm). This document outlines the policies and procedures established by the firm to ensure the consistent delivery of high-quality accounting and auditing services. Our commitment to quality is fundamental to maintaining public trust and confidence in our professional services.

This Quality Control Manual is a living document that will be updated regularly to reflect changes in professional standards, regulatory requirements, and best practices in the accounting profession.

This manual is used in the practice of a sole practitioner. We use the words “we”, “I”, “managing partner”, “engagement partner”, “sole practitioner”, and “the practitioner” interchangeably. Each term currently refers to the sole practitioner alone. In the past, the firm has not engaged any per diem personnel and has not employed anyone on a full or part-time basis. But this is expected to change in the future, and the manual is continuously updated to prepare for future changes. However, as of the most recent update of this manual, the following would still apply:

• All work performed by AB, as such, it is not always necessary to specify who prepared the work papers for our historical engagements, as there is only one person in the firm who was responsible for documentation.
• Many policies (e.g., human resource policies on hiring, supervision, and assignment) have had no instances of practical application.

Anyone within the firm is required to follow these guidelines:

• We are dedicated to establishing, maintaining, and monitoring a system of quality management that provides reasonable assurance that:
  • We promote the commitment to the quality of service
  • We issue the reports appropriate in the circumstances
• We comply with the requirements of professional standards in all material respects.
• We should prioritize substance over form in all that we do.
• We should commit to the high quality of service and ethical behavior as the first priority.
• We should follow the AICPA code of Ethics, requirements of this document, and all other firm policies. We should inform the firm partner about all known instances of non-compliance.
• We should accept client engagements where the price and goodwill expected to be generated by the engagement exceed the costs necessary to complete the engagement at the required level of quality. However, in this assessment, the cost of labor of the sole practitioner is considered zero unless there is an identified alternative project opportunity with chargeable hours that can be scheduled during the same period of time.
• We should avoid circumstances and situations that may create a threat to or impair our independence with our attest clients. We should promptly and properly address any known threats and breaches of independence.
• We should follow applicable confidentiality requirements for any client-related work, but we promote radical openness in relation to all non-client-related matters.
• We should maintain documentation around all significant issues, matters of importance, and professional advice given.
• We should acquire the necessary knowledge to ensure we maintain the necessary level of competence, considering the developments in the applicable guidelines, practices, standards, industry, and economy in general. One way to achieve this is by tracking compliance with continuous professional education using the NASBA CPE Auditing Tool.
• We maintain a track of our time on chargeable time.
• We plan our time for both chargeable and non-chargeable activities.
• We use technological resources, taking into consideration ethics, confidentiality, and efficiency.

About

Currently, our firm consists of a single sole practitioner CPA. The sole practitioner's name is Andrei Belonogov. Andrew has been working in public accounting since 2012, licensed in Kentucky, US, and United Kingdom.

Sectors served

However, we also serve the following industries and broad sectors:

(*) We do not presently, nor do we expect in the future to enter into engagements to provide audit services for these industries.

Qualifying criteria

We do not engage in work that requires physical inventory count; as such, our audit engagements are expected to be only with clients holding no or immaterial inventory balances.

Industry focus

We are targeting web3 startups as our primary industry focus. Although we do have extensive experience in the industry, our work for the industry is currently limited to non-attest work.