An audit is an independent examination of the accounts of Finance in order to Express a reliable opinion concerning the ongoing activities of an organization. Such verification is a procedure necessary for every business as it can help to detect reliably whether the accounting records whether the correct calculations with contractors and everything else checks property preservation. In other words, the audit can be called a sign of quality, because it is a confirmation of decent conduct business of any company in the eyes of its business partners. The resulting figures represent budgetary estimates, and this of course contributes to the absence of risk to the occurrence of conflicts between the credit organizations and staff of the fiscal authorities.
audit is the check of accounting and reporting of organizations, they are held annually. For their implementation is the compilation of individual programs, organization of work which takes place in accordance with strictly planned schedule of the plan. While much attention is paid to verifications of income and thus costs of the organization, as well as capital assets and correct calculation of deductions on the taxes of the state. This verification can occur in several stages, for the formation of interim reporting, during the quarter, then six months and after nine months. But there is another kind of testing is
it Should be noted that the audit only occurs according to the contract. Its goal is to detect errors in accounting, if any, as their presence may lead not only to distortions of the reports of their activities, but also to bear the losses associated with tax risk. Therefore, business leaders need using the services of professional auditors, because everything else it says about the transparency and openness of the work of one or the other company. As the audit report is a kind of image of the organisation, because it speaks about the prospects and future success of the business.
as for the cost of such checks, it is worth noting that it differs depending on the amount of work that must be done by the auditor.
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Alin Trodden - author of the article, editor
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