The concept and objectives of the audit, the essence of the audit of fixed assets

The concept of audit and audit activities, as well as audit tasks, auditing standards, the procedure for its state regulation, as well as other issues related to the activities of audit firms, are explained in the law of the Russian Federation "On Auditing".

In accordance with this law, the audit is taken to mean an independent audit of the accounting records of a person subject to audit in order to establish the degree of reliability, the correctness of the formation of such reporting. Activities in the provision of audit services (audit activities, audit services) - is the activities of audit organizations or private auditors to conduct audits, provide a variety of related services. Such a list of services contains state standards for auditing.

The need for regular auditing of financial statements by specialized companies that have the appropriate licenses has led to such reasons as:

- the possibility of insufficiently objectively assess the reliability of the information provided and the correctness of the formation of accounting statements by its compilers,

- direct dependence of the results of decisions made by users (investors), on the quality of information available to them,

- the lack of users access to information and specialized knowledge for its proper verification.

In order to achieve the purpose of the audit during the audit, the specialist must solve the main tasks of the audit:

- collection of reliable primary information on the financial and economic activities of the person subject to audit and the formation, based on the information received, of the conclusions about the true financial condition of the business entity;

- functional audit tasks, including correction (providing recommendations on possible ways to correct identified errors);

- strategic objectives of the audit (providing advice on the optimal development strategy of the business entity on the basis of the data obtained);

- operational control (regular and systematic control of the enterprise's activities in order to prevent similar and other mistakes in the future).

In the course of the audit, the completeness of the use of financial and economic documentation in the accounts is established, a comprehensive reflection of the movement of assets and liabilities, the existence of any deviations in the methodology for assessing assets from the established in the enterprise.

The audit report on the reliability and correctness of the financial statements of the audited entity must take into account the following key points:

- general acceptability of financial statements,

- its validity and completeness,

- separation and accuracy,

- the correct classification of articles, their disclosure and evaluation.

One of the most important places in the economic activity of any enterprise is fixed assets (OS). They are used in the main activity of the organization (they participate in the process of production, delivery of goods or services, leased, etc.). Therefore, it is extremely important for any business entity to correctly organize the accounting policy of fixed assets and strictly observe it. Audit of fixed assets involves checking the correctness and legality of the performance of business operations with the fixed assets available for the enterprise, their proper acceptance for accounting and documenting.

The objectives of the audit of fixed assets are to confirm the information available in the financial statements of the business entity regarding fixed assets. They assume the study and analysis of the composition and structure of the OS, as well as the conditions for their storage and operation, checking the correctness of accounting for the relevant operations for the OS movement, assessing the accrued depreciation and correctness of its reflection in accounting, confirming the results of the revaluation of fixed assets in the reporting year, etc. .