Review audit

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If you do not have enough time to carry out a full audit of tax and accounting statements, a review audit, or an express audit, may be the best solution. This format of audit implies minimal interference in the company's work and a short timeframe. As a rule, in such cases, certain accounting areas or a certain period of the company's work are subject to audit.

Most often, a review audit is conducted at the initiative of the owner of the company. Of course, such an audit can not replace a detailed mandatory or initiative audit, but sometimes it is enough to identify weaknesses in accounting, to eliminate errors and thereby avoid penalties in tax audits.

If you have an urgent need to verify the reliability of reporting and its compliance with legislation, contact Legal Solutions. Our employees will carry out all works related to the express audit in the shortest possible time and for a reasonable fee and will give you the report. Based on the results of the audit, you will have a clear understanding of the state of accounting and reporting at your enterprise.

Interested in the service? In order to order it or to clarify certain points - call us on the phones that you see on the site, or order a callback. We will answer any of your questions.

In what cases it is recommended to conduct an express audit

• Before a tax audit in order to assess risks.
• When changing the management of the company or the chief accountant.
• When receiving investments and loans.
• In the appearance of new activities, reorganization, restructuring of the business.
• When buying or selling a business.
• Before conducting a large or atypical transaction, etc.

Features of review audits

• All work takes from 2 to 5 days, including the preparation of the report.
• A small number of auditors - from 1 person - are involved in the audit.
• The procedure is less costly than a full audit.
• Minimal interference in the work of accounting and financial departments. Express audit usually does not interfere with the standard workflow.
• Conducting an express audit is negative in nature. As a rule, its purpose is not to prove the reliability of the data examined, but to point out errors or deficiencies or to state their absence.

What procedures include express audit

• Analysis of the economic activity of the enterprise.
• Analysis of accounting policies, constituent documents.
• Analysis of contracts.
• Selective analysis of primary documents.
• Identification of typical violations.
• Verification of the correctness of fulfillment of tax obligations.
• Assessment of tax risks.
• Conducting audit procedures on individual business transactions.
• Formalization of audit results.

What you get as a result of a review audit

After the express audit, we will provide you with a brief report with information on the general state of accounting in your company, on the errors and tax risks identified, as well as give recommendations on how to eliminate deficiencies.

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