A few words about the audit

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2018-03-21 04:18:06

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The Phrase “auditing” have heard many entrepreneurs and Directors of enterprises. However, not every one of them understands what it is and what is. Meanwhile, the popularity of audit as financial services increasingly grows, and therefore knowledge about its types and modalities necessary for any businessman.

Most of the economic agents routinely checks their accounting and tax reporting. As a rule, they end with the passing of the regulations or a decent fines. This is because even a very qualified accountant manage to make mistakes, and sometimes deliberately distort accounting information. 

In order to avoid penalties and audit. Its purpose – identify until the arrival of the workers controlling all the flaws and mistakes in reporting and in a timely manner to eliminate them. This audit is a voluntary and conducted only at the request of the company's management.

There is also Statutory audit. It is a essentially the same procedure, the only difference is that its performance for enterprises. The list of criteria under which a mandatory audit, set relevant Federal law.&In particular, this type of audit must carry out the banks, JSC, joint-stock companies whose shares are on the stock exchanges and a number of other organizations. To mandatory audit and is also subject of the enterprise, the annual volume of proceeds exceeds 400 mln rubles.

In Western countries, a voluntary audit can be carried out to confirm the good reputation of the organization. In this case, the purpose of such audit – show your potential customers the stability and transparency of your business, thereby inviting to cooperation.

By Itself, the audit – business activities. Realize it auditors – experts in the field of accounting and Finance, with extensive experience in this field. The auditor is allowed to perform their duties only after obtaining the qualifying certificate, issued by a special Commission formed by the Union of auditors.

At the end of its work, the auditor prepares the conclusion on the economic situation of the enterprise, identify potential financial risks, and assess the effectiveness of the company's management and its accounting support. The audit report also contains recommendations for management.

As the experience of auditors, qualified and accurate audit report allows you to assess much more precisely the value of the assets of the enterprise, and eliminate many of the shortcomings of his leadership.


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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