Repeatable Audits

Currently, the company shall enter into contractual relationships to make investments, executing business transactions and the use of their assets. The credibility of such bonds shall provide all members transactions use and guaranteed the financial information. The financial statements of any firm contains information about the presence of assets and liabilities, its financial position, income and personal capital. Proper financial information can effectively operate the capital market. Due to the financial statements give estimates of the economic decisions and determined the growth prospects of the organizations and forecasts. Mandatory audit. Obligatory audit – an annual, mandatory audit of financial statements and accounting organizations. A voluntary audit.

In order to achieve the greatest success in business any company you want to intelligently monitor all internal processes, as well as the work of its accounting. A voluntary audit is initiated by the subject, which is carried out this audit or his party, taking into account timing, scope of the audit and specific tasks under the contract for the implementation of the audit between the initiator and the audit organization. The purpose of this inspection is to monitor and assess the state of accounting in general, or its separate branches, the identification of state financial reports, develop recommendations for improving the impact of the organization's work and stuff. Financial audit of mission. Financial audit carried out on a special mission Verification of selected articles reporting, for example: the state of payables and receivables, the availability and condition of inventory, fixed assets.

Repeated financial audit. Periodic financial audit carried out on this enterprise, as every year, and the results of each semester. This gives an opportunity to establish long-term cooperation between the auditor and the client, to give a more objective assessment of the entity and its line of activity. Pros: Firstly, a simple fix discovered during a quarterly audit of accounting errors in the next quarter, that is, the current user. It is very important timely detection and correction of systematic errors, whose effects are most significant for the firm. Secondly, significantly increases the quality of testing, since the total time with the customer when quarterly audit exceeds the lump-sum annual audit and does not require such a heavy schedule of inspections.