FinanceAccounting

Accounting and auditing are important management functions

Accounting and audit are important functions of management, 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 both by the management of the organization and by the relevant services in all branches of industry. Thus, audit is a kind of information base that is necessary for planning, regulating and stimulating the activities of the enterprise, as well as for monitoring and analyzing production processes. In addition, carrying out all kinds of attestations and inspections allows you to get the most complete and reliable information about the phenomena and processes that affect the state of the organization's funds. It is also possible to exercise the necessary control over the direction and legality of the operations that are taking place in economic activity.

Proceeding from all the above, it can be concluded that audit is an ongoing process closely connected with documentary observation of all kinds of economic phenomena occurring at the enterprise. The purpose of any survey is to draw up an objective opinion on the truth of the company's financial statements, as well as the compliance of the accounting system with the current legislative documents.

Accounting audit

It can include several main areas: audit of exchanges, banks, insurance organizations, extra-budgetary funds and investment institutions, as well as a general audit.

If we consider the audit activity as a whole, then immediately it is necessary to note its licensed nature. Legislative bodies provide for the issuance and cancellation of these documents. Therefore, an individual can act as an auditor, which meets all qualification requirements.

Audit

This is an independent verification of the financial performance of the enterprise. At the same time, the auditor carries out his activities within the framework of a civil law contract, which is concluded between the enterprise and the audit firm.

Classification

Currently, two main categories are distinguished: internal and external inspections. The first can include all the checks that are performed by the regular staff of the organization. At the same time, it must exercise control in compliance with all available rules for conducting accounting. In turn, internal audit is all the activities of companies, as well as individuals engaged in such checks, which is conducted on the basis of contracts concluded. At the same time, all activities occurring within the framework of such activity must comply with the norms and requirements of the current legislation. It should also be noted that individual auditors must undergo certification and carry out a set of certain rules. The purpose of their activities is to reconcile financial statements, clarify the requested data, and provide all sorts of related services.

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