Audit of financial investments.

If we are talking about the organization of the activities of an enterprise, then, first of all, they speak about such a phenomenon as the audit of accounting of financial investments.

The first question that immediately comes to mind is: what is the purpose of this procedure?

Audit of financial investments aims to form an opinion on whether the accounting of an enterprise is reliable in the direction of financial investments that have been made for a short or, conversely, a long period. The audit procedure is conducted according to a specially developed methodology for accounting and taxation of financial investments. This procedure is carried out on those regulatory and legislative acts that are valid in the territory of the Russian Federation.

What preconditions does the audit of financial investments have?

First, the auditor at the time of checking the assets of the enterprise proceeds from their completeness. This means that financial investments, investments must be entered in the appropriate register of accounting, as well as in all accounting reports, and this must be done in full. Any unaccounted financial investments should not be in any case.

There are reasons for this. Accounting, as well as reporting, notes all assets, loans, as well as securities that a particular company or enterprise receives for its use.

Here, the turnover and the balance of available accounts are noted. Speech in this case is about the synthetic accountability of financial investments. In this case, the balance, as well as the turnover of the analytical accounting accounts will coincide with the size of synthetic financial investments.

Turnovers and balance of accounts, as a rule, are transferred in full from the accounting registers to the so-called General ledger on accounting.

All investments, investments, financial receipts and write-offs must necessarily be registered both in the accounting records and in the accounting documents. For this, they, in fact, exist.

In the same place are described and accounted for all operations on movements of financial investments.

The next prerequisite is the premise of existence. It means that all financial investments are very important for a particular organization or enterprise. They, as a rule, exist at the moment of drawing up of balance and bring profit after a certain time.

In this case, the availability of financial investments has an official confirmation, which gives the primary documents, as well as the results of the inventory, which is conducted in a strictly defined time.

The enterprise has the right to financial investments of this kind, and is also responsible for all risks associated with such a right.

Audit of financial investments of the enterprise, which turn out to be reflected in the financial statements, shows that they are owned by the enterprise, and on a legal basis.

All securities that are reflected in the balance sheet are also owned by the enterprise. They were received by him as a result of a contractual system, which, in turn, met all legal requirements.

Audit of financial investments has the value of evaluation. This means that investments and securities are valued in accounting and reporting documentation in accordance with the requirements that are presented to regulatory documents of this kind.

An example is the valuation of the value of securities in the currency of a foreign state. If you look at the way of acquiring such securities, then their actual value will be formed on the basis of relevant regulatory acts.

An audit of the financial investments of a company or of an enterprise acts as a kind of monitoring, which helps to provide an independent assessment of the facts, as well as to identify gross violations or deviations from the norms and laws that regulate accounting.