Audit & assurance
- Financial statement audit
- Performance audit
- Project expenditure audit
- Agreed-upon procedures
Audit & assurance · Tax advisory
Audit firm in Mongolia
Independent audit, tax and advisory services delivered under International Standards on Auditing, IFRS and Mongolian law.
Who we are
A professional audit firm with 17 years of experience
DUM AUDIT LLC was founded in 2009 in accounting, tax advisory and training, and received its audit licence in 2012. We have since served more than 2,000 organizations.
Licensed audit firmLicensed by the Ministry of Finance
MICPA memberMongolian Institute of Certified Public Accountants
Securities marketAuthorized by the FRC to audit market participants
ISA · IFRSWork performed to international standards
Services
Services shaped around your business
We scope each engagement around your size, industry and reporting obligations.
Tax
- Tax advisory
- Tax inspection support and defence
- Restructuring and liquidation
- Transfer pricing
Advisory
- Internal control recommendations
- Accounting policy manuals
- Transactions and IFRS implementation
- Business combinations and demergers
Other engagements
- Inventory and fixed asset counts
- Market research and analysis
- Business environment analysis
Industries
A team that knows your sector
The sectors where our client work runs deepest.
Non-bank financial institutions
NBFIs, investment, leasing
Mining
Extraction, exploration, contractors
Energy
Power plants and transmission
Construction & roads
Building, infrastructure, property
Manufacturing & food
Food, dairy, meat, cashmere
Healthcare & pharma
Hospitals and pharmaceutical supply
Public sector & SOEs
State-owned companies and projects
Retail & services
Retail, import, distribution
Our people
Partners lead every engagement in person
You work directly with the people who make the decisions.
BT
Bataa Tsevelmaa
CEO · Signing partner
- Retail, mining, construction and public sector
- Leads engagements, signs auditor’s reports and performs the final quality review
- National Audit Office, APU, MAK Group, Bishrelt Group, Netcapital Group
TN
Temuujin Namkhaidorj
Engagement partner
- Non-bank financial institutions, mining, construction and public sector
- Audit planning, fieldwork coordination and timeline control
- National Audit Office, Tavan Bogd, Bishrelt Group, Netcapital Group
Institutions we work with
Ministry of Finance of Mongolia
Mongolian Institute of Certified Public Accountants
National Audit Office of MongoliaFAQ
Audit in Mongolia: common questions
What is an audit?
An audit is an independent examination of an organization’s financial statements. The auditor’s opinion tells shareholders, banks, investors and regulators whether the statements are fairly presented under the applicable reporting standards.
Who must be audited in Mongolia?
Under Article 10 of the Law on Auditing, statutory audit applies to entities reporting under IFRS, entities preparing consolidated financial statements, foreign-invested entities, entities being reorganized or liquidated, and foundations. Other entities may choose a voluntary audit.
When is the audit deadline?
Annual financial statements must be audited by 30 April of the following year. Joint stock companies must be audited at least two weeks before the shareholders’ meeting. Signing the engagement before year-end lets the auditor attend the year-end inventory count.
How are audit fees set?
Fees depend on the size of the organization, the volume of transactions, the industry and the reporting period. Send us a request and we will prepare a proposal with scope, timeline and fees.
Source: Law of Mongolia on Auditing, Article 10 (in Mongolian).
Ready to plan your audit?
We’ll prepare a proposal with scope, timeline and fees.
Contact
Get in touch
Reach us by phone or email, or send a request through the proposal form. We reply within one business day.
Emailinfo@dumaudit.mn
AddressOrshil Office, 5th floor, Room 501, 2nd khoroo, Chingeltei district, Ulaanbaatar, MongoliaMap