The main purpose of the audit is to form an objective opinion on the reliability of the organization's financial statements, which is drawn up in the auditor's report. The auditor's report is an official document intended for users of financial statements and containing the auditor's opinion on the compliance of accounting in an organization with the legislation of the Russian Federation.
So, the auditor's report is necessary for external users of the company's financial statements: investors, creditors, partners to make the right decision. In addition, the management of the organization is also responsible to the founders and the state for some aspects of its activities, including tax and accounting.
Audit is one of the tools to control the activities of various services and divisions of the enterprise. The audit report allows you to identify shortcomings in their work and take measures to eliminate them.
An audit can be carried out within the enterprise, when its structure includes a specialist or unit that carries out inspections of financial services and draws up an opinion. This is the so-called internal audit. An external audit is carried out with the involvement of specialists from an audit firm. Internal audit serves the purposes of operational control, external - to obtain an independent assessment, which in reality can only be given by an outside view.
The auditor's report is a confirmation of the reliability of the enterprise's reporting. It can raise the company's image in the eyes of partners, simplify relationships with tax authorities, customs, banks, government agencies. The recommendations set out by the auditor in the conclusion will help to conduct financial activities most efficiently and safely, optimize accounting and taxation.
The audit can be proactive and mandatory. Initiative audit is carried out at the request of the enterprise and can affect only some areas of accounting, for example, checking the correctness of VAT deduction. In this case, the auditor will analyze the completeness and correctness of the tax policy, identify areas of possible risks, and help prepare for a tax audit. An auditor's report for a statutory audit does not provide such complete information. However, it also helps to restore order in the company.
