How to determine a revision

Audit is one of the methods of financial control, which allows you to check the legality and validity of business transactions carried out at the enterprise. The audit process examines the correctness of the design of financial statements and the legitimacy of the actions of employees of the organization responsible for its preparation.

Instruction manual

1

Remember that the audit procedure is strictly regulated by law. Its implementation may be unexpected for audited entities, which means that, thanks to the audit, you can get the most objective information about the activities of the enterprise. The audit is carried out quickly, otherwise you may encounter shelter violations in the work of the company. Information obtained during the audit is confidential, which means it is not subject to disclosure and should be kept secret.

2

Note that there are several types of revisions. According to the content, they are divided into documentary and factual. During a documentary audit, you will have to check various financial documents: invoices, checks, invoices, estimates, reports, etc. If you need to check the actual availability of values, then we are talking about the actual audit. In this type of audit, an inventory is organized, the condition of the warehouses is checked, calculations and weighing of inventory items are carried out.

3

You can inform the head of the organization about the upcoming audit in advance. In this case, a planned audit takes place. If necessary, unscheduled audits are carried out. As a rule, this is done in case of signals of violations of financial discipline that require immediate investigation.

4

In addition, there are frontal and selective revisions. During a frontal audit, you should check all the financial statements of the company for a certain period. A sample audit is an audit of the activities of an enterprise for any particular, usually short period of time.

5

Remember that depending on the volume of the audited activity, audits are complex, in which the financial activities of the enterprise in various areas are checked, and thematic, when any one area of ​​activity is examined (for example, the correctness of tax calculation and payment).