Audit of settlements with buyers and customers

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of any enterprise involves selling them to third parties of its products or services.In fact, sales of goods and services of the enterprise is the main source of income and, consequently, profits of the enterprise, so any errors in calculations with clients can be critical, since this depends directly on the main results of the company - its profit.In order to avoid errors in calculations with clients produced an audit settlements with buyers and customers.In this article, we will briefly introduce the reader to the basic principles of the audit activities of the company.

As with any kind of checks the financial condition of the company, the audit settlements with buyers and customers is regulated by international auditing standards.This ensures a uniform format audits of accounts with the firm's clients worldwide.In order to check the status of payments of the enterprise customer, you must do the following:
first need to check the data for all customers of the enterprise, an idea that in any volume of purchased goods or services, how the payment is made for them, there is aCustomer indebtedness to the company, or vice versa - the company to customers.With this in mind, the following steps will check.

Audit of calculations with buyers and customers also concerns inspection of all the settlement documents with clients of the firm.It is necessary to determine which operations are carried out, whether carried out by them shipped goods and whether the money received from customers for them.If there debetorskoy debt, you need to assess its reliability or doubtful, and then make recommendations to the company's management on how to proceed with unscrupulous clients.

is also worth noting that the proper conduct of this type of audit as the audit of calculations with buyers and customers can identify errors not only in the relationship of the company with customers, and in other areas of the company.For example, sales somehow correlated with the volume of production.Obviously, the volume of production will be correlated with the amount of remuneration of employees of the company.Thus, the frequent situation when after checking the company's relationships with customers is necessary to audit settlements with the personnel on payment.Such causal relationships are common in the audit practice, since, in fact, all operations of the company are part of his life activity of a single economic organism.So, for example, human resources audit can be carried out after checking the calculation of tax deductions if the amount of deductions staff do not coincide with the data staffing.

As you can see, this type of testing is extremely important for the company as regards the main source of the formation of the firm's profits.Audit of settlements with buyers and customers end issuance of special letters of opinion, which shows all the results reached by the auditors in the course of its audit.As you know, checking necessarily responsible for the results that are provided in the letter, and can be expected claims from customers in the event that he sustained damages as a result of poor quality of the audit.We remind you that balanced development, attention, focus on the object and check the auditor's independence from any influence are the key to a successful verification, which means - the growth of the auditor's reputation as a reliable partner.

We hope that with this article, our readers could understand such a complicated subject.We wish you a successful audits and minimum errors!