The activities of any enterprise are subject to mandatory audit, which is a check of the reliability of the organization's financial statements, its compliance with the legislation in the field of accounting. The audit also consists in the control of the firm's activities, as a result of which clarifications and clarifications regarding the work of the enterprise can be obtained.
Instructions
Step 1
Audits are mandatory and proactive. In the first case, they are held annually and are regulated by Russian law. Compulsory audit includes joint stock companies, credit organizations, insurance companies, commodity and stock exchanges, investment funds.
Step 2
Initiative audit is an audit of the accounting and reporting of a firm under an agreement with an auditing company. At the same time, the scope of verification can vary from the entire accounting and reporting system to its separate part. The most important goal of a proactive audit for a firm is the ability to predict bankruptcy.
Step 3
The basic principle of conducting an audit is to determine the relationship between costs and results. It is necessary to agree in advance with the company on the scope of work, the timing of the check, as well as the method of providing information about the activities of the company. In some cases, the auditors go directly to the enterprise, sometimes the firm independently presents the data.
Step 4
An audit begins with a review of the company's reporting, preparation for the audit. At the same time, the cost of costs is calculated, as well as the risk assessment of the auditor during the audit.
Step 5
Further, audit procedures are carried out directly, with the help of which the compliance of the company's internal control system with the required standards is determined. After that, an audit report is drawn up, and then it is transferred to the head of the company. At the same time, violations identified during the audit are indicated, and the level of reliability of the submitted reports is calculated.
