The initial audit involves a verification of the company’s accounting and reporting, which is performed at the initiative of the client. The procedure for carrying out such an audit is identical to a statutory audit, with other word, it includes only an audit of the financial statements.
The employees of „CONTAUDIT-SERVICE” LLC are professionals in the field of audit and can easily analyze the company’s documentation, can provide a detailed report and useful recommendations for correcting identified errors.
When is an audit required?
Voluntary auditing and the company’s reporting is required in such cases:
- if the company has to go through a field or office tax audit;
- if the accounting or taxation system requires optimization;
- whether the investor needs to evaluate the company’s effectiveness;
- if the management or the owner of the company changes.
Features of this service provision by our company
Our initial audit requires a detailed audit, which includes a study of all the company’s accounting and reporting records. This is an expensive and time-consuming audit method. Its advantage consists in excluding the possibility of detecting accounting errors by tax authorities. Therefore, these services are ordered by most clients of “CONTAUDIT-SERVICE” LLC.
A tax audit allows not only to correct errors in tax reporting, but also to optimize the tax system.
A random check is faster and cheaper than a solid one, that’s why it is chosen to solve the individual problems of the company. Before starting the activity, our specialists together with the client determine the number of credits to be checked. Based on the technical specifications received, an audit is performed, followed by an audit report.