audit is an independent verification of Finance reporting to express a reliable opinion on the ongoing activities of an organization.This verification procedure is required each plant, as it can help to identify whether reliable accounting records, if properly conducted calculations with contractors and everything else checks the safety of property.In other words, the audit can be called a sign of quality, because it is a confirmation of a decent business management of a company in the eyes of its business partners.The resulting figures reflect the cost calculations, which itself contributes to the absence of risk of a conflict between credit institutions and employees of the fiscal authorities.
audit is verification of accounting and reporting organizations are held annually.For their preparation takes place of individual programs, the organization of work which takes place in accordance with strictly planned schedule plan.At the same time a lot of attention is paid to checking revenue and expenditure, respectively, the organization, as well as capital assets and correct calculation of tax deductions for the state.Such verification may take place in several stages to form the interim financial statements, during the quarter, half a year later and after nine months.But there is another kind of test is a mandatory audit, it is regulated by law.
It should be noted that the audit takes place only in accordance with the concluded contract.Its purpose is to identify errors in record keeping, in case if any, as their presence can lead the company not only to distortions of reports of its activities, but also to bear the losses relating to tax risks.Therefore, managers of enterprises need to use the services of professional auditors, because everything else is talking about transparency and openness in the work, which is engaged in one or another company.Since the auditor's report seems a kind of image of the organization, as it says about the prospects and future success of the business.
As for the cost of such checks, it is worth noting that it varies depending on the amount of work that needs to be done to the auditor.
