Compulsory audit - an independent verification of the nature of the correctness of accounting and financial records of the enterprise for the purpose of expressing an opinion on their validity.This check should be carried out once a year.Often, instead of the term "statutory audit" uses the terms "basic" or "general audit."
Since early 2011, the amendment to the Law "On Auditing."Changes made to more accurately determine the criteria for mandatory audit.
By law, the statutory audit is carried out in organizations that operate in the form of;is a unitary state or municipal enterprises;credit, insurance, educational institutions;stock, trading exchanges;banks;mutual insurance societies;other organizations covered by federal law.
also mandatory inspection are subject to the company, the volume of revenue earned in the year preceding the accounting exceed the amount of 400 million rubles (excluding agricultural cooperatives and their unions, as well as those organizations, the amount of assets the balance of accounts that at the end of the year is 60 or moremillion).
Mandatory audit is carried out strictly according to the plan drawn up in accordance with the test program, which determines the timing and nature of its conduct.
The audit issued the auditor's report, to which are attached written instructions to all the identified deficiencies and corrective tips.For the delivery of reports to state auditors institution will be sufficient to provide conclusions.Only in this case, the reporting will be considered valid.Without proper conclusion tax inspection reports has the right not to accept, because it is an integral part of the accounting reports (in accordance with Article 13 paragraph 2 of the Law "About accountancy" 21.11.1996.).
Mandatory audit is carried out in relation to the total volume of the financial statements for the year.Therefore, such a test takes time.In this regard, the statutory audit often involves working in several stages throughout the year.The purpose of such distribution of tasks is to obtain more accurate information about the reporting.In addition, this kind of work allows the company's employees are not distracted from their main activities.Interim Audit significantly helps to save time.
Business entities operating under the simplified system of taxation, may also fall under the main audit.It all depends on the amount of assets on the balance sheet.
entitled to a compulsory audit only persons who have a valid qualification certificate and is a member of the auditors.
In an audit should consider the following.The company, which is checked, is entitled to require the auditor to study all its conclusions and comments.At the same time the auditee to the auditor is obliged to provide all possible assistance in its work in a timely manner by providing all the necessary documents and information about the activities.
Amendments to the Law was taken beyond the mandatory audit almost all small businesses in Russia.About 30% of the previously be inspected organizations on new cost indicators are no longer subject to the audit.Out of control auditors went utilities, city-forming enterprises with turnover below 400 million rubles a year.
On the other hand, together with the increase in the cost parameters, which should be audited, the list of areas of activity in which his conduct is necessary.Currently, audits are subject to the clearing organization;organizations representing the consolidated financial statements;currency exchange;Organizations participating in the securities market;management companies, mutual inversion, joint stock companies, private pension funds.
