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Audit is an independent examination of business accounting and the financial reporting of the organizations. The purpose of audit is to express the opinion on reliability of this reporting and on conformity of the order of accounting to the Belarusian legislation.
Cases, at which enterprise is bound to conduct audit examination, are listed by the President Decree N 67 of 12.02.2004 “On perfection of state regulation of auditing activity ".
Institution which are subject to obligatory audit:
- close corporations;
- banks, nonbank financial intermediaries, exchanges, commercial organizations with foreign investments, insurance organizations, insurance brokers;
- another organizations and businessman, whose sales proceeds volume of last financial year is more 600 000 euro.
Audit is conducted after registration of the annual reporting but before it will be presented to rating authority. In joint-stock companies audit should pass earlier, than the accounting reporting will be confirmed by stockholders meeting.
During carrying out of auditing examination we carry out the solution of following problems:
- estimation of a level of the organization of accounting and the internal control, qualification of the registration staff, quality of the organization of document turnover and processing of the economic documentation;
- estimation of correctness and legality of fulfillment of the accounting records reflecting financial and economic activity of the organization and its end results;
- granting of substantial and exact information to the client on all questions, concerning the organizations of accounting and reporting, taxation, the economic law;
- working out of recommendations on elimination of lacks and violations which have affected financial results and reliability of characteristics of the reporting.
By results of auditing examination following documents are presenting you:
- Auditor's conclusion for testing period in accordance with the Belarusian legislation;
- Detailed report which contains information pointing out the defects in accounting and tax keeping.
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About
RUS
Audit
