Audit organizations in addition to the core business provides its customers with additional services, referred to as "audit-related services."A list of them quite extensive and includes:
- maintenance and restoration of the accounting system in the enterprise;
- consultation in the field of taxation;
- advice in the field of financial security of an individual entrepreneur;
- providing all possible support and assistance during the period of restructuring organizations;
- audit firms the right to give advice and guidance regarding the legal responsibility of the economic entity;
- auditing services - this is the event to verify the correctness of filling and calculation of all financial records, as well as identification of relevant existing interim consolidated balance sheet statements.According to this definition, it is possible to put forward the conclusion that the experts of audit firms possess an appropriate level of qualification, so they can deal with the introduction of new information technologies, as well as automation of accounting systems and internal controls;
- audit-related services and involve assessment activities, ie, the establishment and liquidation of the residual value of the enterprise, as well as determining the level of risk to which it is exposed;
- young entrepreneurs auditors can offer this type of service, as the full development of the business plan of a new project;
- some entities are turning to the audience with the aim of drawing up studies in the field of marketing;
- large audit firms carry out such services, audit-related, as scientific, developmental studies;
Thus, audit firms are authorized to provide audit services, or attendant.And for this each specialist must possess certain skills and knowledge of the law and economics.All audit-related services may be conventionally delimit and highlight two main groups: compliant with the mandatory inspection and incompatible with it.
former include such services as:
- analytical study of the financial situation of the company, the customer and the organization of planning at the enterprise in terms of finance;
- implementation of internal audit;
- comprehensive consulting economic entity on matters relating to the scheme of accounting, feasibility of technological innovation;
- training of experts to conduct an internal audit;
- business plan for the customer, the organization of a new project and an assessment of its prospects;
- marketing and analytical studies, that is, market research and definition of the market volume, which takes the customer;
- advice in the area of legal regulation and tax litigation.
It is not compatible with a mandatory check should include:
- work to develop schemes of, or recovery of accounting;
- complete record keeping in the area of finance and taxation;
- settlement activities in the field of transfer of obligatory payments to the budget of all levels and extra-budgetary funds;
- aid for restructuring or liquidation of the company of the economic entity.
If the audit firm provides audit-related services, each a specialist company must possess the appropriate skills and knowledge in the field of economics, in addition, it should be legally savvy person.Employees of the firms conducting audits are required to strictly adhere to the basic principles of confidentiality, integrity, responsibility, diligence and integrity.
