Accounting and auditing are important
management functions, as well as a means of solving the problems of both economic and social development of the enterprise and the country as a whole. These concepts should be provided by both the management of the organization and the relevant services in all industries. Thus, an audit is a kind of information base that is necessary for planning, regulating and stimulating the activities of an enterprise, as well as for monitoring and analyzing production processes. In addition, conducting all kinds of certifications and checks allows you to get the most complete and reliable information about phenomena and processes that affect the state of the organization’s facilities. You can also carry out the necessary control over the direction and legality of the operations occurring in the economic activity.
Based on the foregoing, we can conclude that audit is a continuous process closely associated with documentary monitoring of all kinds of economic phenomena occurring in the enterprise. The purpose of any survey is to draw up an objective opinion on the truth of the financial statements of the enterprise, as well as the compliance of the accounting system with applicable legislative documents.
Accounting audit
It may include several main areas: audit of stock exchanges, banks, insurance organizations, extra-budgetary funds and investment institutions, as well as general audit.
If we consider the audit activity as a whole, then it is immediately necessary to note its licensed nature. The legislature provides for the issuance and cancellation of these documents. Therefore, the auditor can be an individual who meets all qualification requirements.
Audit
This is an independent audit of the financial activities of the enterprise. In this case, the auditor carries out its activities under the civil law agreement, which is concluded between the company and the audit firm.
Classification
Currently, there are two main categories: internal and external inspections. The first include all checks that are performed by the organization’s full-time service. At the same time, it should exercise control in compliance with all available accounting rules. In turn, an internal audit is all the activities of companies, as well as individuals involved in such audits, which are carried out on the basis of concluded agreements. Moreover, all activities taking place within the framework of such activity must comply with the standards and requirements of the current legislation. It should also be noted that individual auditors must undergo certification and comply with a set of certain rules. The purpose of their activities is the reconciliation of financial statements, clarification of the requested data, as well as the provision of all kinds of related services.