The activity of any enterprise is mandatoryshould be monitored in order to avoid any errors and distortions in the reporting of the company, because the results of such errors can be wrong decisions of users of financial statements, and, as a result, such errors and distortions can lead to a multiple increase in losses. Since the calculations of the company with counterparties are the most important part of the company's activity, they conduct an audit of settlement operations.
First, let's figure out who and for whatcan be calculated enterprise. Counterparties of the company can be divided into two global groups: debtors and creditors. Debtors are all those who owe something to the company, be it money, goods, services, or any other valuables, and creditors are all those to whom the company owes something. Audit of settlement operations involves the verification of calculations both with one and with others.
What procedures does this type of verification imply? The audit of settlement operations provides for the following activities.
Прежде всего, необходимо установить реальность the existence of the obligations of the company to anyone, or the debtors to the company. Various procedures are provided for this, such as checking primary documents, bank statements, and in special cases sending special letters to counterparties. So, if an audit of deposit operations is being conducted, the auditor can send a letter to the bank in which the deposit is stored, asking for clarification of the amount on the deposit, the amount of interest payments and their frequency.
Далее необходимо оценить правильность отображения in accounting documents of all aspects of settlement operations. This is especially important if objects that are not owned by a company take part in operations, that is, if an audit of rental operations is being carried out. In this case, it is important to note whether rental objects that, in fact, do not belong to him, are not recorded on the company's balance sheet. It is also important to check that all rental payments are correctly displayed in the documents, including it is important to ensure that they are correctly transferred to the cost of production, but only if the object participates in the production process. In addition, when conducting an audit of settlement operations for rent, it is necessary to remember that depreciation is charged by the landlord and reduces his gross income, therefore, depreciation of leased facilities is not necessary. In case of detection of a violation of this rule, it is necessary to make corrective operations, however, this is fraught with further questions from the tax and other inspection bodies.
Audit of settlement operations takes, as a rule,quite a long time compared to other types of checks. The reason for this is the variety and a large number of calculations that are carried out both with customers and suppliers. Moreover, after conducting an audit of settlement transactions, it is often necessary to conduct other types of checks, for example, concerning stocks or fixed assets. This is explained by the fact that if there were violations in operations with suppliers or buyers of an enterprise, then it is logical to assume that not only the financial side of the issue was affected, but there are also discrepancies in the actual availability of certain objects in the enterprise.
That is why the audit of settlement operations is consideredone of the most important types of audits of the financial condition of the company. The quality of this type of inspection is the key to the financial health of the enterprise and its lack of problems with the inspection bodies in future periods.
