In the course of any economic activity for the development of new industrial sectors, many businessmen-investors or continuous conduct random audits of selected areas of the production cycle to determine whether the use of innovation and the adoption of certain economic decisions.
According to Art.6 of the Federal Law of the Russian Federation, the inspectors can be issued the following audit reports: an unambiguous positive conclusion or modified.The first inspection shall be issued by the auditor in a single case of the undertaking carries out its production and business activities in full accordance with the methods and principles of accounting in the Russian Federation.And this opinion is based, and documented by primary accounting documents and a thorough examination of the activities of the economic entity.
modified opinion is issued in cases where there are multiple factors that affect the quality of the audit and the accuracy of the information provided.For example, it is issued during audit investigations on some particular area of industrial activity that identify and obtain a well-defined positive opinion is impossible due to the lack of detailed information.
modified audit opinion, the types of which can be divided depending on the influence of various factors, the auditor issued at occurrence of circumstances that prevent a complete and sufficiently reliable information.
a modified audit report are Qualified Opinion concluded with a disclaimer of opinion, as well as the conclusion of a negative opinion.Opinions with separate reservation or complete rejection of the expression used by the auditor in case of limited audit or spot check of separate components of whole production process, when some limited data may not reflect the reality.
Modified auditor's report and his views may be submitted in identifying differences with senior officials of the audited economic entity.Questions of financial disclosure, accounting policies used and its basic principles, methods of operation, etc.Inconsistency counting data and identify distortions in these financial statements could affect the expression of an audit opinion.
final audit opinion can be expressed in words: "... except in certain circumstances ..." (when expressing an opinion with reservation) or the financial statements for the financial period contains some invalid data is not possible to determine the completeness and accuracy of these financial statements.
All kinds of audit reports (positive conclusion or any modified) are made on strictly defined standards and requirements.Firstly, all audited documents collected in one case, sheets which then enumerated and signed by the auditor of one sheet.Secondly, they all confirmed the personal seal are audited and approved by the signature of the head check.Third, the date of signing conclusion of the head of audit adheres to the end date of inspection.
should be noted that after the procedure, and the auditor's report, with the appearance of certain factors that affect the reliability and accuracy of financial statements, the auditor-inspector is not required to send requests, aimed at identifying the circumstances.Legal responsibility for timely notification of the audit organization of the circumstances completely rests with the management of the enterprise.
All kinds of audit reports are submitted only on the basis of documentary checks and confirmed the primary accounting documents.A positive conclusion can sometimes be grounds for cancellation of scheduled tax audit.And in some situations, types of audit reports can be challenged in court.They can be proven false and misleading.
Any auditor's report and its species is uniquely useful for making economic decisions for all categories of users of financial information, as in the course of the audit revealed many weaknesses, revealed various inconsistencies in the manufacturing process.Therefore, to carry out an audit each year whether or not to decide to investors.But its benefits are obvious!This rationalization of costs, and an increase in sales volumes, and optimizing all production stages.
