The phrase "accounting audit" accounted forto hear many businessmen and directors of enterprises. However, not all of them understand that this is so and for what it is carried out. Meanwhile, the popularity of audit as a financial service is growing, so that knowledge of its types and order of conduct is needed by any businessman.
Most economic agents regularlyface with audits of their accounting and tax reporting. As a rule, they end with the issuance of orders or decent fines. This is because even very skilled accountants manage to make mistakes, and sometimes they deliberately distort accounting information.
To avoid penalties, an audit is conducted. Its purpose - to identify before the arrival of workers controlling all the flaws and errors in reporting and timely remove them. Such an audit is called voluntary and is conducted solely at the request of the management of the enterprise.
There is also . It represents, in fact, a similarprocedure, with the only difference that it is mandatory for the company. The list of criteria, in the presence of which a mandatory audit is conducted, is established by the relevant Federal Law. In particular, this type of audit is required to be carried out by banks, JSCs, joint-stock companies, whose shares are placed on stock exchanges and a number of other organizations. Companies that have an annual revenue of more than 400 million rubles are also subject to compulsory audit.
In Western countries, a voluntary audit canand to confirm the good reputation of the organization. In this case, the purpose of such an audit is to show its potential customers the stability and transparency of its business, thereby inviting cooperation.
By itself, an audit is an entrepreneurialactivity. Its auditors are specialists in the field of accounting and finance, who have extensive experience in this field. The auditor is allowed to perform his duties only after receiving a qualification certificate issued by a special commission formed by an association of auditors.
Upon completion of its work, the auditor preparesthe conclusion about the economic situation of the enterprise, identifies possible financial risks, assesses the effectiveness of the company's management and its accounting support. The audit report also contains recommendations for the management of the enterprise.
As the experience of auditors shows,a qualified and accurate audit report allows you to more accurately assess the value of the assets of the enterprise, as well as timely eliminate many of the shortcomings of its leadership.
