When the management of an enterprise needs to check documentation related to its activities for accuracy and compliance with the requirements specified in the legislation, an independent verification is carried out - an audit. For some companies, this is a mandatory procedure that must be completed annually.

Auditing activities in the Russian Federation are regulated by the Federal Law of December 30, 2008. No. 307 (law “On auditing activities”).

Goals and objectives of the audit of accounting (financial) statements

The purpose of this audit is to form an audit specialist’s opinion about the reliability of the company’s accounting (financial) statements and, in addition, to find out whether accounting compliance complies with the legislation of our country.

The following tasks of accounting audit are distinguished:

• find out whether the reporting and its indicators comply with the law and the company’s accounting policies;
• find out how fully all business transactions are reflected in the documentation;
• check how the company’s internal control systems are organized and functioning;
• check whether the indicators in all forms of financial statements coincide and correspond to real ones.

The methods used by specialists when auditing financial statements are similar to the methods of auditing in general. These include:

• actual control (observation, inventory, expert assessments);
• documentary (study of important company papers in form and content);
• computationally analytical (statistical calculations, economic analysis).

Which companies must undergo an audit?

An audit of financial statements can be mandatory and proactive. The first can only be external, that is, carried out by independent experts from firms specializing in auditing, or by individual auditors who are not employees of the audited company.

Firms that must be subject to the mandatory audit procedure are named in the Federal Law dated December 30, 2008. No. 307 (law “On auditing activities”). These enterprises include:

• companies with the legal form of JSC;
• companies whose securities are admitted to organized trading;
• firms with a certain type of activity (this includes credit, clearing, insurance, companies participating in the securities market, microfinance, self-regulatory organizations, cooperatives, gambling organizers, etc.);
• companies that have revenue over 400 million rubles or assets over 60 million rubles (for the year preceding the reporting year), etc.

A detailed list can be seen in Art. 5 Federal Law No. 307 “On auditing activities”.

An initiative audit can be carried out in certain cases, such as: bank lending, the need to participate in tenders, the desire of company managers to reduce tax risks, checking the qualifications of the accounting department, preparing a report for a potential investor.

The procedure for conducting an audit of financial statements

The audit takes place in several stages:

1. Traditionally, the first stage is planning and preparing for the inspection. The auditor studies the company's activities, draws up a work plan, and requests the necessary documents. At the same stage, an agreement is concluded between the auditing firm and the audit object.
2. Next, the collection of evidence and analysis of data received for verification begins. A list of all requested documents is examined. If necessary, company employees are interviewed, sometimes in writing. Data is grouped and systematized. The auditor makes an opinion on the reliability of the financial statements.
3. The head of the audited company is informed of the conclusion - an opinion on the reliability of the financial statements. An auditor's report is drawn up and issued, which is the immediate purpose of the audit. In addition, some companies prepare an audit report, which describes in detail the progress of the audit, all identified deficiencies and other information that may be useful to the management of the audited company to improve the quality of the accounting department.

What documents are checked?

During the audit, auditors request a large list of documents, which includes:

• accounting (this includes 2 important papers: a balance sheet and a statement of financial results of the company, but they are accompanied by a lot of other documents - the latter are listed below);
• tax returns;
• statutory documents;
• permits, licenses and much more.

It is checked whether the papers are filled out correctly, whether they correspond to the approved forms, whether the deadlines for filing (declarations) are met, whether the documents are certified by the signatures of the chief accountant and manager, etc.

FOR YOUR INFORMATION! If an audit is carried out on a special assignment, then in such a situation only the documentation that relates to a specific task is checked.

Result

So, at the end of the audit, the company receives a report and an audit opinion. The form in which the information will be provided, as well as its recipients, must be specified in advance in the contract with the audit firm. The report, also known as written information, is a confidential document. Typically it contains the following information:

• methods that the auditor uses during the audit;
• recommendations for changes in accounting policies that may affect the financial statements of the organization;
• proposals for adjusting the company’s reporting;
• other points that the head of the organization needs to pay attention to (this may include errors in internal control, situations of unreasonable actions by management).

The report outlines the identified violations and possible options for correcting them. Typically, this is presented in the form of a pivot table.

ATTENTION! The report must be accompanied by copies of the financial statements for the current year and, most importantly, the auditor’s report.

Auditor's report

This is an official document that contains the opinion of an expert auditor on the reliability of the accounting records of the company being audited. It is this that should be submitted to the statistical authorities along with the financial statements.

The structure and information that must be included in the auditor’s report is described in detail in Art. 6 Federal Law No. 307, mentioned earlier.

Briefly about what the document should contain:

• title “Audit report”;
• information about who the document is addressed to (JSC shareholders, LLC participants, etc.);
• information about the audited entity;
• information about the auditor conducting the audit;
• a list of documents (accounting statements) that were checked by the auditor, indicating the period when they were compiled;
• the auditor's opinion on the reliability of the information specified in the audited documents;
• test results;
• the date on which the conclusion was drawn up.

The conclusion can only be provided to the person with whom the agreement was concluded.

Typical errors and violations

Here is a list of common violations that may be detected during an inspection:

• expenses and income are reflected incorrectly;
• the accounting details are filled out incorrectly or incompletely;
• tax amounts are calculated incorrectly;
• indicators of different reporting forms contradict each other;
• the amount of the authorized capital differs from what is stated in the charter;
• arithmetic errors in calculations;
• formal inventory taking, carrying it out with errors, etc.

Responsibility for failure to carry out

The business entities listed earlier must undergo an audit of their financial statements every year, and also send the conclusion to the statistical authorities. Submission of the report must be carried out together with the submission of reports. If you cannot send the document on time, you can submit it within 10 days from the date of issue, but no later than December 31 of the year following the reporting year. This is stated in the Federal Law of December 6, 2011 No. 402 (the Law “On Accounting”), namely in its 2nd article.

In addition, within 3 working days from the date of issue of the conclusion, the company is obliged to enter information about the results of the audit into the Unified Federal Register on the facts of the activities of legal entities.

The fact of failure to conduct an audit does not entail punishment. Administrative liability occurs in the cases described below. Punishment is possible only for those organizations that are required to undergo a mandatory audit of their financial statements.

Initiator of the fine	Cause	Article	Fine
Federal Tax Service	During an on-site inspection, it was discovered that an audit report was missing for the required storage period (from 5 years).	Part 1. Art. 15.11 Code of Administrative Offenses of the Russian Federation	From 5 to 10 thousand rubles for officials.
Rosstat	If an audit report has not been provided to this body within the required period.	19.7 Code of Administrative Offenses of the Russian Federation	From 300 to 500 rubles for officials and from 3 thousand to 5 thousand rubles for legal entities.
Bank of Russia	The audit report was not posted on the JSC website within the required period.	Part 2 art. 15.19 Code of Administrative Offenses of the Russian Federation	From 30 thousand to 50 thousand rubles or suspension from work for 1-2 years for officials. For legal entities - from 700 thousand to 1 million rubles.

The amount of the fine may be reduced by court decision if there were any exceptional circumstances that resulted in an administrative offense.

For more than 20 years, the Business Consulting company has been providing its services in the labor market. Over the entire period of their practice, our company’s specialists have acquired an impeccable reputation, and have also become owners of many certificates and diplomas proving their professionalism. Our organization has a wide range of services, but the provision of accounting services is one of the most popular.

Accounting audit and inspections

Our company’s specialists can conduct an audit, analyze documentation and talk about the financial condition of your organization, and conduct a full accounting audit.

When our company conducts an audit, we establish the reliability of the information provided in the documentation and determine the financial position of the company. Accounting audit services for you will also help our specialists determine what they can advise based on the result that the accounting audit will give, which is more effective for business development.

Services provided by our accounting audit organization:

• auditing accounting documentation;
• tax accounting audit;
• conducting tax analysis.

All kinds of accounting services for your company.

Despite the fact that our company provides a huge number of services related to finance, audit is our main focus.

We provide the following types of accounting services:

• services for annual analysis and verification of accounting documentation;
• checking the financial statements of the organization, identifying shortcomings and shortcomings;
• quick check, which is preliminary;
• inspection carried out once a quarter;
• full accounting audit including verification services (analysis, examination).

Thanks to the audit, you will be able to avoid additional material losses. The specialists of our accounting organization easily identify all the shortcomings and shortcomings in accounting and advise the client on how to more effectively resolve the current situation. We conduct such checks in accordance with the legislation of the Russian Federation, which allows us to strengthen the financial position of your organization.

Accounting services: audit - features:

The auditor conducts a study of the company's accounting records as part of its financial and business activities; this is called a statutory audit. The activity is carried out by specialists of the audit firm. The study also implies a slightly different approach from the audit side, which consists of studying those issues that are of interest, first of all, to the owners of the company.

When a statutory accounting audit is completed, the company's management receives an auditor's report, as well as a corresponding report.

The specialist creates an audit report that describes his opinion on the correctness of the accounting for the required period. All information is of great value, and the specialist is responsible for its accuracy with his own license and reputation as an audit firm. If a company subject to mandatory inspection is inspected, then such a document is submitted to the tax office along with the reporting for the year.

The report is provided by the specialist directly to the owners of the company being inspected. The report information is strictly confidential. All errors and shortcomings are outlined here, then the risks are assessed and advice is provided on improving the work of the accounting department.

Additional data that is useful for owners and found as part of the study is also recorded.

It is important to check all documentation, accounting base, methodology and accounting policies of the company. The owners of the company explain to the auditor all questions that he does not understand.

Audit checks, audits (accounting audits) are not performed in all enterprises. The audit is carried out if all the operations of the company are decisive or based on the wishes of the owner of the company.

1. Accounting services - audit in particular required:
2. the company has the status of JSC,
3. The financial side of the company’s activities is provided by calculations made by individuals or legal entities. This may be a fund with income in the form of voluntary contributions,
4. the amount of profit of a private owner or company from performing work, selling goods or performing services for a year is more than 500,000 times the amount of remuneration for labor activity set by the Law of the Russian Federation. Or if the number of assets on the company’s balance sheet at the end of the reporting year is 200,000 times higher than the minimum wage,

The company has the status of a municipal unitary enterprise, built on the rights of an owner. activities, in the case when monetary indicators of labor activity are in combination with the instructions of the relevant legislation of the Russian Federation.

Audit support is a fairly new service. It allows the company to interact with the assigned auditors at any time, no matter at what time, to resolve pressing accounting problems, and also check all primary documentation in a timely manner, taking the necessary advice to improve the taxation of the organization.

Thus, relying on mutual cooperation, using our service on the basis of an audit service agreement, we see and remove errors within the framework of accounting and tax accounting in an optimal manner. Our specialists do not allow mistakes to accumulate by the end of the year.

“Business Consulting” is always ready to make concessions to its client; we find an individual approach to each situation, regardless of whether it is an ongoing service or a one-time request. Our specialists are always ready to demonstrate their deep knowledge in the financial sector by solving your problems.

There is no fixed price for all accounting work - it often depends not only on the type of work provided, but also on the state of the organization's documents. You can find out more information about our accounting organization by calling us.

We can also carry out individual entrepreneur reporting.

You might also be interested.

The portal contains prices and telephone numbers of outsourcing companies offering clients analysis of financial statements and balance sheets in Moscow. An audit is intended to verify and evaluate the accounting activities of an organization. It can be performed either independently by the company’s specialists or by third-party companies in conjunction with other checks.

The procedure involves restoring and drawing up the necessary diagrams and documents for further accounting, checking the correctness of the preparation of related documentation and reporting for its further submission to the relevant authorities.

Convenient tables for comparison show prices for accounting audits in Moscow. This will allow you to study many offers on the market at once and select the most cost-effective option for auditing the company’s financial statements.

Feedback from clients who have already requested balance sheet analysis and shared their impressions on the portal pages will be useful.

Features of auditing and analysis of accounting in Moscow

Accounting includes all economic activities of legal entities and requires its correct reflection. Each document must strictly comply with the legal requirements for its execution. It is difficult to keep records correctly without delving into the terms of contracts, forgetting about acts and other documents. Most business transactions are standard, however, among them there will be transactions that are not included in the general template.

Analyzing financial statements allows you to identify deviations in reporting, incorrectly displayed or missing documents.

• What types of audits are accounting companies ready to offer?
• Proactive audit of financial and accounting statements - specialists provide recommendations for improving tax and accounting.
• Express audit and reporting assessment - determines the current status of reports and predicts the results of a likely tax audit.
• A quarterly accounting audit is a kind of prevention for the timely detection and correction of errors.
• Special examination - usually performed to identify legal and tax risks.

When a Moscow audit firm audits an organization, it sets itself the task of reducing the negative consequences of tax audits and increasing the efficiency of the enterprise’s economic activities.

The development of the world economy and the economy of each state separately generates demand for certain specialties. which are rapidly gaining momentum in our country, have made training in accounting, analysis and audit very popular. But today higher demands are placed on this profession. Let's take a closer look at this specialty.

Accounting, analysis and audit are the most important areas of work of any enterprise or any company. The demand for high-level specialists is huge. Therefore, professionals in this field can find employment in almost any field. But they must know accounting, analysis and auditing in accordance with the latest trends in this activity.

Higher education institutions prepare specialists with a basic set of knowledge in many areas of market and economic relations. This applies primarily to the field of accounting. The correct conduct of the enterprise’s activities, in accordance with established standards, accounting for the enterprise’s assets, obligations to other participants in market relations, capital investments and much more, is an important aspect of training.

In addition, a specialist in this field must be able to analyze the state of the financial part of the company and the results of work and predict its further development. Training students in the field of accounting, analysis and audit implies knowledge in the field of auditing, both within the enterprise and outside it.

The most important part of the work of any enterprise is They imply not only cash, but also credit relations with other organizations. This issue is considered in the process of training a specialist broadly enough to reveal all the nuances of this area.

Market relations concern everyone. Their rapid development requires knowledge in the field of management, marketing and other areas. Therefore, when training specialists in the field of accounting, analysis and audit, these new directions in economics are studied quite widely.

Graduates of educational institutions at various levels in this area are engaged in accounting and analytical work. Also, the knowledge acquired during the entire training allows you to work in the field of control and audit services and auditing.

This profession is in demand in the field of consulting, in organizational and managerial positions and in normative and methodological work.

In any case, the work is associated with cash, various assets, income and expenses, as well as the results of the operation of the facility.

Due to the high demands in the field of accounting, analysis and audit, a specialist must have a thorough understanding of market relations, both within a particular state and in the world. He must know the structure of the world and Russian economy, understand the processes that take place there. The most important requirement is knowledge of the accounting system and business management.

We can say that today high demands are placed on graduates of the accounting, analysis and audit course. The specialty requires skills in all areas of economics and market relations. Only in this case can you find and achieve great success in this area.

Can apply his knowledge working in any credit institution, bank, treasury and extra-budgetary funds, in an audit company, control and audit service, accounting departments of any enterprise.

The profession is in great demand at the moment, but you need to become a good specialist in your field who has all the necessary knowledge and skills.