Audit, as such, can be represented in the formaccounting, carried out from the outside. The object of the audit is the same, only the functions of this type of activity are formed differently. It is intended to audit financial results for control of record keeping in accordance with established rules and norms, has the task of identifying errors, eliminating them and consulting with responsible persons to improve the quality of their work.
Information is known to play a roledirect factor of production, its quality and accuracy in many ways depends on the efficiency of any enterprise or company. Such information has the property of trans-ordination - that is, it is necessary for virtually all participants of the economic process, but everyone who needs it uses its specific element for its specific purposes.
As part of the economic process, the mainThe source of such independent information can be the audit of financial results. International standards approve the audit as an independent check, while emphasizing that objects of audit can be objects regardless of whether they bring their owner any profit or not. According to international standards, an audit can be conducted to express an opinion. Thus, the audit category of financial results is much broader in content than the concept of audit, because it includes such functions as examination of accounting documents, development of proposals for improving records management, professional consulting for accountants.
The overall objective pursued by the audit of financialthe results of the enterprise - the study of the conformity of record keeping with the enterprise to the established rules and regulations. Its object in this case is the entire financial and economic work of the organization or enterprise. Typically, the types of audit are classified into external and internal. External audit of financial results is independent, this means that it is not responsible to the controlled enterprise, but to its consumers, providing them with reliable information about the state of the enterprise or organization. The external audit is conducted, as a rule, in the interests and at the initiative of the owner of the enterprise.
At the same time, financial control appears here asa specific branch of control as such. Its binding follows objectively from the very nature of finance, which presupposes the presence of a control function. Financial control, including in the form of an audit, is conducted in accordance with the procedure established by law and special bodies authorized to do so.
As already noted, the main goal, whichpursues audit of financial results accounting, consists in verification and establishment of reliability of accounting information at the enterprise and its compliance with regulatory acts of the state regulating activities in this area. From the content of the category objectively it follows that the main subject of audit in this particular case is information concerning the issue of the origin of the profit and losses of the enterprise.
The overall objectives of the audit in this context are as follows:
- checking the completeness of the information showing the results of the economic activity of the enterprise or organization;
- determination of the belonging of the information shown and reflected in the documentation;
- study of the correctness of the valuation for all positions and accounting standards;
- Establishment of compliance of data on the financial performance of the accounting policy conducted by the enterprise;
- checking the classification of income and expenses;
- Establishment of the legality of the procedures applied for processing transactions and reconciling the data, which are reflected in the records;
- establishing the reliability of the reflection of the results of financial activities;
- checking compliance with the established norms and rules for the correctness of the establishment of the company's net profit;
- checking the completeness and timeliness of payments to the budget.
The ultimate procedure, which involves an auditfinancial results, should be the opinion of the auditor, which directly assesses the acceptability, validity, correctness and completeness of the information provided.
