The audit is annual and mandatory. Criteria for mandatory audit. Rules for filing an auditor's report

"New accounting", 2007, N 12

When is a mandatory audit carried out? Who conducts the statutory audit? What is reflected in the auditor's report? What threatens the company for failure to provide an audit report in the financial statements? You will find answers to these questions in our article.

Legal basis

The legal basis for the regulation of audit activities in the Russian Federation is determined by the Federal Law of August 7, 2001 N 119-FZ "On Auditing" (hereinafter - Law N 119-FZ). The audit is carried out in accordance with this Law, other federal laws and other regulatory legal acts on the conduct of audit activities, issued in accordance with Law N 119-FZ (clause 2, article 1 of Law N 119-FZ).

Such acts include the Rules (standards) of audit activity, which are approved by the Decree of the Government of the Russian Federation. They represent uniform requirements for the procedure for the implementation of audit activities, execution and assessment of the quality of the audit (clause 1, article 9 of Law N 119-FZ). At present, the Rules (standards) of audit activity are in force, approved by Decree of the Government of the Russian Federation of September 23, 2002 N 696 (hereinafter referred to as the Rules (standards)). These Rules (standards) are mandatory not only for audit organizations and individual auditors, but also for audited entities, with the exception of provisions that are advisory in nature (clause 3, article 9 of Law N 119-FZ).

Mandatory audit is an annual mandatory audit of accounting and financial (accounting) reporting of an organization and an individual entrepreneur (clause 1, article 7 of Law N 119-FZ).

There is a contractual relationship between the audit organization and the audited firm. The contract for a mandatory audit is a contract for the provision of services for a fee (clause 2, article 779 of the Civil Code of the Russian Federation). The subject of this agreement is the verification by an audit firm (executor) of the reliability of financial (accounting) statements and the correctness of accounting of the organization (customer). Under the contract, the customer is obliged to pay for the services rendered to him on time and in the manner specified in the contract for the provision of paid services (in our case, audit services) (clause 1, article 781 of the Civil Code of the Russian Federation).

When is a mandatory audit carried out?

Subject to mandatory audit (clause 1, article 7 of Law N 119-FZ):

1. credit organizations, credit history bureaus, insurance organizations, mutual insurance companies, commodity and stock exchanges, investment funds, state extra-budgetary funds, the source of the formation of funds of which is the mandatory contributions of citizens and organizations, the funds, the sources of the formation of which funds are the voluntary contributions of citizens and organizations;
2. organizations (with the exception of agricultural cooperatives and their unions) and individual entrepreneurs (hereinafter referred to as individual entrepreneurs), whose revenue in one year exceeds 500 thousand minimum wages<*>or the amount of balance sheet assets exceeds 200 thousand minimum wages at the end of the reporting period<*>.

<*>Currently, for these purposes, a minimum wage of 100 rubles is accepted. (Article 5 of the Federal Law of June 19, 2000 N 82-FZ "On the Minimum Wage", Letter of the UMNS of Russia of February 24, 2004 N 11-14 / 11113). The organization is subject to mandatory audit if the amount of sales revenue for the year exceeds 50 million rubles. (500,000 x 100 rubles) or the amount of balance sheet assets at the end of the year will be more than 20 million rubles. (200,000 x 100 rubles).

1. state unitary enterprises, municipal unitary enterprises established on the right of economic management, if their performance indicators comply with paragraph 3 of this list. For municipal unitary enterprises, the law of the constituent entity of the Russian Federation may lower financial indicators;
2. organizations and individual entrepreneurs whose mandatory audit is provided for by federal laws.

Example. Assume that the annual revenue of the OJSC amounted to 60 million rubles. For which of the grounds listed in paragraph 1 of Art. 7 of Law N 119-FZ, is the organization subject to mandatory audit?

It follows from the condition of the example that the organization is subject to mandatory audit for two reasons. Firstly, the organizational and legal form is OJSC; secondly, the volume of revenue for the year exceeds the minimum wage by 500 thousand times.

The fact that the organization is an OJSC obliges it to conduct a mandatory audit, regardless of the amount of revenue. Therefore, in this case, compare revenue with the limit value in accordance with paragraphs. 3 p. 1 art. 7 of Law N 119-FZ is not necessary.

Let us dwell in more detail on paragraph 3 of the above list. In order to compare revenue with the marginal value, you need to take the indicator reflected in the line "Revenue (net) from the sale of goods, products, works, services (minus value added tax, excises and similar payments)" of Form N 2 "Report on profit and loss".

With respect to the assets of the balance sheet, the indicator reflected in line 300 of form N 1 "Balance sheet" is used.

Forms N 1 and 2 were approved by the Order of the Ministry of Finance of Russia dated July 22, 2003 N 67n.

What other organizations, besides those directly listed in Law N 119-FZ, are subject to mandatory audit?

For example, non-state pension funds are subject to mandatory audit. This is provided for in Art. 22 of the Federal Law of 07.05.1998 N 75-FZ "On Non-State Pension Funds". Issuers of securities are also subject to mandatory audit (Clause 9, Article 22 of Federal Law No. 39-FZ of April 22, 1996 "On the Securities Market").

Conducting a mandatory audit also applies to developers. Norm pp. 6 p. 2 art. 20 of the Federal Law of December 30, 2004 N 214-FZ "On Participation in the Shared Construction of Apartment Buildings and Other Real Estate and on Amendments to Certain Legislative Acts of the Russian Federation" obliges the developer to submit an audit report for review to any person who applies.

It follows from this: the developer must annually conduct an audit, which, according to the law, is mandatory for him.

Agricultural cooperatives stand apart. A direct indication that they must conduct a mandatory audit does not follow from Law N 119-FZ. Therefore, it is necessary to be guided by the Federal Law of December 8, 1995 N 193-FZ "On Agricultural Cooperation" (hereinafter - Law N 193-FZ). Law N 193-FZ does not contain a norm that would oblige agricultural cooperatives to conduct a mandatory inspection.

The law provides for an audit carried out by auditors-consultants who are employees of the audit union or are involved under civil law contracts (Article 32 of Law N 193-FZ). An audit for agricultural cooperatives is a prerequisite.

This conclusion is based on the fact that the financial statements must include the conclusion of the auditing union of agricultural cooperatives (paragraph "d", paragraph 2, article 13 of the Federal Law of November 21, 1966 N 129-FZ "On Accounting").

Who conducts the statutory audit?

As mentioned above, a mandatory audit should be carried out by audit firms (clause 2, article 7 of Law N 119-FZ). They carry out audits on the basis of a license to provide audit services. Such a requirement is established by paragraph 2 of Art. 4 of Law N 119-FZ. It should be noted that from July 1, 2008, the licensing of audit activities is terminated. Federal Law No. 135-FZ of July 19, 2007 introduced these amendments into Federal Law No. 128-FZ of August 8, 2001 "On Licensing Certain Types of Activities."

As for individual auditors, they are not entitled to carry out a mandatory audit. Considering the complaint of an individual auditor, who has a license to conduct a general audit, about the violation of constitutional rights due to the fact that a mandatory audit is carried out only by audit organizations, the Constitutional Court of the Russian Federation established the following. The provision of paragraph 2 of Art. 7 of Law N 119-FZ, according to which a mandatory audit is carried out by audit organizations, does not infringe on the rights of individual auditors and does not contradict the Constitution of the Russian Federation.

When choosing an audit organization, a firm should pay attention to some points. When conducting an audit in an organization whose authorized capital is at least 25% owned by the state or a municipality, the audit organization is selected based on the results of an open competition (clause 2, article 7 of Law N 119-FZ).

An important role in choosing an audit firm is played by the independence of auditors (Article 12 of Law N 119-FZ). An audit cannot be carried out by auditors (audit organizations) who (whose leaders) are founders (participants) of the audited entities, officials responsible for accounting and reporting or who are closely related to the listed category of citizens.

Auditing firms and individual auditors are not entitled to conduct an audit in an organization to which they provided services for the restoration and maintenance of accounting and reporting during the three years preceding the audit. These rules are provided for in 1 p. 1 art. 12 of Law N 119-FZ.

Audit report

Based on the results of the audit, an audit opinion is drawn up on the financial (accounting) statements (hereinafter referred to as the opinion). It is an official document intended for users of the financial (accounting) statements of audited entities. The conclusion contains the opinion of the audit organization on the reliability of the financial (accounting) statements and on the compliance of the accounting procedure with the legislation of the Russian Federation (clause 1, article 10 of Law N 119-FZ).

The auditor's report (or the conclusion of the auditing union, if the organization is an agricultural cooperative) is included in the financial statements (paragraph "d", paragraph 2, article 13 of the Law "On Accounting").

The conclusion indicates: the addressee; information about the auditor and the audited entity. This is followed by an introductory part; the part describing the scope of the audit; the part containing the auditor's opinion; the date of the auditor's report; auditor's signature (clause 4 of Rule (Standard) No. 6). In the conclusion, a list of audited reporting should be given indicating the reporting period and the composition of the reporting (clause 7 of Rule (standard) No. 6).

The auditor must date the audit report by the date when the audit was completed (paragraph 20 of Rule (Standard) N 6). The conclusion must be signed by the head or an authorized person of the audit firm. In this case, the number and validity period of his qualification certificate must be indicated. The signature must be sealed.

Due to the fact that the Rules (standards) of audit activity are mandatory for both audit organizations and audited entities, the audit report must be presented to users in accordance with the requirements established by Rule (standard) No. 6.

Accounting for audit costs

In accounting, the organization's expenses for conducting an audit are taken into account as expenses for ordinary activities (clause 5 of PBU 10/99). They are reflected in an amount equal to the amount of payment or the amount of accounts payable (clause 6 of PBU 10/99). Expenses are recognized in the reporting period in which they were incurred, regardless of the time of actual payment of funds (paragraph 18 of PBU 10/99). When accounting for audit services, the company has the right to deduct the VAT presented (paragraph 1, paragraph 2, article 171, paragraph 1, article 172 of the Tax Code of the Russian Federation). The right to a deduction is granted, in particular, if transactions subject to VAT are carried out.

Example. OOO "Alfa" has concluded an agreement with an audit firm to conduct a mandatory audit. The cost of audit services amounted to 118,000 rubles. (VAT - 18,000 rubles).

In accounting, the accountant of Alpha LLC needs to make the following entries:

Debit 26 - Credit 60

• 100 000 rub. - reflected the cost of audit services;

Debit 19 - Credit 60

• 18 000 rub. - the VAT presented by the audit firm has been taken into account;

Debit 68 / "Calculations for VAT" - Credit 19

• 18 000 rub. - accepted for deduction of "input" VAT;

Debit 51 - Credit 60

• RUB 118,000 - reflected payment on the basis of an agreement on the provision of audit services.

* * *

For the purposes of taxation of profits, the expenses for audit services are related to other expenses related to production and sale (clause 17, clause 1, article 264 of the Tax Code of the Russian Federation). These expenses must be economically justified and documented and are made for the implementation of activities aimed at generating income (clause 1, article 252 of the Tax Code of the Russian Federation).

The procedure for determining the date of recognition of expenses for audit services depends on the method adopted for calculating income tax (accrual or cash basis).

Under the accrual method, the costs of audit services are taken into account for the purposes of profit taxation in the reporting (tax) period to which they relate, regardless of the time of actual payment. Expenses are recognized in the period in which they arise based on the terms of the transaction (in paragraph 1 of article 272 of the Tax Code of the Russian Federation).

The date of implementation of expenses for audit services can be considered:

• date of settlements in accordance with the terms of the contract;
• date of presentation of documents serving as the basis for settlements (for example, an act on the provision of services);
• the last day of the reporting (tax) period to which the expenses relate.

Such rules are set out in s. 3 p. 7 art. 272 of the Tax Code of the Russian Federation.

One of the three above dates must be reflected in the accounting policy of the organization. A similar point of view is shared by the Ministry of Finance of Russia in Letter No. 03-03-04/1/183 dated August 29, 2005.

Under the cash method, the costs of audit services are recognized for the purposes of taxation of profits after their actual payment (clause 3, article 273 of the Tax Code of the Russian Federation).

Responsibility for the absence of an audit report in the financial statements

Audit firms may bear criminal, administrative, civil liability in accordance with the legislation of the Russian Federation (clause 1, article 21 of Law N 119-FZ).

Currently, the legislation establishes tax and administrative liability for failure to submit an audit report to the tax inspectorate.

The auditor's report is a component of the financial statements for organizations that are subject to mandatory audit (paragraph "d", paragraph 2, article 13 of the Law "On Accounting").

Organizations must submit financial statements to the tax authorities (clause 5, clause 1, article 23 of the Tax Code of the Russian Federation). The deadline for submitting annual reports is 90 days after the end of the year. For a number of reasons, an entity may not provide an auditor's report. In this regard, the organization may be fined in accordance with paragraph 1 of Art. 126 of the Tax Code of the Russian Federation. For each document not submitted, a fine of 50 rubles is collected.

In addition, the management of the organization may also be fined for "failure to provide information necessary for the implementation of tax control" (Article 15.6 of the Code of Administrative Offenses of the Russian Federation). The size of the sanction is from 300 to 500 rubles.

Payment of the fine does not relieve the company from the obligation to submit an audit report (part 4 of article 4.1 of the Code of Administrative Offenses of the Russian Federation).

The maximum fine can be 550 rubles.

"Economy and Life"

One of the components of the annual financial statements in accordance with paragraph 2 of Art. 13 of the Federal Law of November 21, 1996 N 129-FZ "On Accounting" is audit report confirming the authenticity. Moreover, if the organization is subject to mandatory audit, this component of reporting also becomes mandatory.
The circle of persons subject to is established by Art. 5 of the Federal Law of December 30, 2008 N 307-FZ "On Auditing".
At the end of December last year, this article was amended due to the adoption of Federal Law No. 400-FZ of December 28, 2010. And in Art. 2 of Law N 400-FZ specifies that it comes into force on January 1, 2011, but the provisions of the new edition of Art. 5 of Law N 307-FZ apply to relations that arise during the audit of the financial statements of organizations starting from the statements for 2010.
Simply put, the new list of persons subject to mandatory audit should be guided right now, when the audits of the 2010 financial statements are in full swing. And since this list has changed, in practice it turns out that some organizations that were not previously subject to mandatory audit will now have to urgently invite auditors, while others who may have already entered into a contract for a statutory audit may not be required to do so.

New "must"...

In addition to those organizations that were supposed to undergo a mandatory audit and earlier - as, for example, credit organizations, commodity and stock exchanges, insurance organizations and others - the following were added to the list of "obliged":
- currency exchanges;
- clearing organizations;
- management companies of a joint-stock investment fund, mutual investment fund or non-state pension fund;
- organizations that are professional participants in the securities market;
- as well as organizations that submit and (or) publish consolidated (consolidated) accounting (financial) statements (with the exception of state authorities, local self-government, state non-budgetary funds, as well as state and municipal institutions).
All these organizations must submit, among other things, an audit report as part of their annual financial statements for 2010. And if they have not yet concluded an agreement on a statutory audit, they need to choose an auditor without delay and conclude such an agreement.

...and no longer "obligated"

But there are also organizations for which audit became optional.
The fact is that in the new edition of paragraph 4 of part 1 of Art. 5 of Law N 307-FZ significantly increased limit values ​​for the volume of sales proceeds and the balance sheet currency at which the organization becomes obliged to undergo a mandatory audit.
Recall that earlier these limits were 50 million rubles. for revenue and 20 million rubles. for the amount of balance sheet assets at the end of the year preceding the reporting one.
The new limits look like this:
- the amount of proceeds from the sale of products, the sale of goods, the performance of work, the provision of services (with the exception of state authorities, local governments, state and municipal institutions, state and municipal unitary enterprises, agricultural cooperatives, unions of these cooperatives) for the year preceding the reporting year, - over 400 million rubles;
- the amount of assets in the balance sheet as of the end of the year preceding the reporting year - more than 60 million rubles.
Pay special attention to the fact that these two limits are connected by the union "or". This means that in order to establish the mandatory audit, it is sufficient that only one of the criteria takes place. In other words, it is not at all necessary that both revenues and assets be exceeded at the same time. For example, a company may have a balance sheet at the level of 5 million rubles, but at the same time, annual revenues of 550 million rubles. - and then it will definitely be subject to mandatory audit.
Checking for compliance with the limits should be carried out on the basis of reporting data for the year preceding the reporting year. As explained in paragraph 8 of the Information Notice of the Ministry of Finance of Russia N 3 in connection with the entry into force of Federal Law N 307-FZ (published in November 2009), based on the interrelated norms of the Civil Code of the Russian Federation, the Federal Laws "On Joint Stock Companies", " On Limited Liability Companies”, “On State and Municipal Unitary Enterprises”, “On Accounting” and “On Auditing Activity”, the decision to conduct a statutory audit is made on the basis of financial indicators for the year preceding the year for which the statutory audit is to be carried out.
This means that the question of whether it is necessary to conduct a mandatory audit of the annual financial statements for 2010 must be decided based on the reporting indicators for 2009, that is, taking into account the amount of revenue reflected in line 010 of Form No. 2 for 2009, and balance sheet currency (amount of assets) as of the end of 2009 (line 300 of Form No. 1 for 2009).
Taking into account the change in limits, it turns out that, for example, an organization that, according to reporting data for 2009, had revenue of 300 million rubles. and the amount of assets of the balance sheet of 35 million rubles, is now not required to undergo a mandatory audit and include an audit report in the financial statements for 2010.
Of course, if the audit contract has already been concluded, including before the adoption of Law N 400-FZ, it is not necessary to refuse to fulfill it. You can pass an audit, get an audit opinion within the time frame established by the contract and provide it to interested users as part of the reporting, as well as use the recommendations and conclusions of auditors to improve the quality of reporting and improve the accounting process in the organization.
On the other hand, especially in cases where the auditors have not yet begun the audit or if the audit has just begun, it is also possible to terminate the contract for the provision of audit services in the manner prescribed by civil law and the specific terms of the contract with an audit firm or an individual auditor. However, as a rule, when terminating the contract, you will have to pay for that part of the work of auditors that has already been completed by the time you cancel their services.

Note. Recommendations for the audit of annual financial statements
On the eve of the submission of annual reports, the Ministry of Finance of Russia issued Recommendations to audit organizations, individual auditors and auditors on auditing annual financial statements for 2010. The recommendations contained in Letter No. 07-02-18/01 dated 24.01. organizations reporting.

Auditing is a procedure for an independent assessment of the financial condition of an enterprise. The main goal pursued by the audit is to identify errors in the financial statements and give the manager objective and accurate information about the state of the document flow of his company. can be one of two types: voluntary when the leader himself acts as the initiator, or required i.e. prescribed by law. External audit firms are involved in the audit.

Who is required to audit?

The list of enterprises that are obliged annually organize an audit, is present in the Federal Law "On Auditing". Such enterprises include the following:

• Firms that are issuers of securities traded on the stock exchange, as well as firms that work professionally on the stock market.

• Companies engaged in clearing or insurance activities.

• Mutual investment funds, pension and joint-stock funds, as well as non-state extra-budgetary funds.

• Financial institutions, namely banks, MFIs and others.

• Currency, commodity and stock exchanges.

• public joint stock companies.

• Companies that publish their financial statements in the public domain.

• Other firms with annual income exceeding 400 million rubles, as well as companies with assets worth more than 60 million rubles at the end of the reporting period.

• Organizations whose charter for a quarter or more consists of public money.

In addition, a statutory audit is carried out if the firm:

• applies for a loan (verification may be one of the requirements of the bank);

• concludes a major deal or claims for investment;

• participates in the tender.

Principles of statutory audit

A statutory audit requires a more responsible approach from auditors than a voluntary one. The activities of the inspector should be based on a number of principles:

1. 1. The audit is carried out in full. The following are being researched:

The economic activity of the company;

Balance sheet;

Stocks of material assets;

Settlements with the budget and founders;

The company's obligations to creditors.

If the firm has branches and representative offices, they should also be checked.

1. 2. The conclusion of the auditor must be absolute: the provided is either reliable or not.

1. 3. The person carrying out the audit follows the rules of procedure established by the regulatory Federal Law.

How is a statutory audit carried out?

The start date of the procedure depends on the amount of work that the auditor will have to do - it is necessary that the audit be completed by the end of the reporting period. For a statutory audit, a phased implementation is recommended. The steps are:

1. 1. First of all, auditors analyze the current state of the firm in order to identify the estimated scope of work. This is necessary to justify the cost of the service.

1. 2. An agreement is signed with the customer, the terms of which are determined through negotiations. He must also take part in the formation of the work assignment.

1. 3. Accounting statements are checked. At this stage, not only the reliability of the information contained in the documents is assessed, but the degree of compliance of the document flow with the norms of the law.

1. 4. A set of recommendations is being formed to improve the workflow system for the manager. Also, the customer is provided with a report on the identified shortcomings - each conclusion of the auditor is documented.

1. 5. Compiled audit report- an official document containing the subjective opinion of the inspector on the reliability of the company's accounting information. All information contained in the report is confidential and cannot be disclosed.

What are the benefits of a statutory audit for a manager?

The benefits of mandatory verification are as follows:

• Errors in accounting are corrected in a timely manner - this allows you to minimize the tax and financial risks of the company.

• Violations in the actions of officials are revealed - an audit can reduce the risk of opportunistic or fraudulent behavior of personnel.

• It stabilizes, which makes it possible to avoid fines.

• All paperwork is brought into compliance with the requirements of the legislation.

Rules for filing an auditor's report

Starting from 2014, the audit report on a mandatory audit is submitted not to the tax office, but to the statistical authorities at the place of registration of the company. The following deadlines have been set:

• Within three months after the end of the reporting period (that is, together with accounting documents).

• Within 10 days after the formation of the audit report, but before the end of the year following the reporting one.

The new rules are more loyal to enterprises, as they give them the opportunity to conduct audits for a whole year.

Penalties are imposed for late submission of the conclusion:

• Officials are fined in the amount of 300 to 500 rubles.

• Legal entities are forced to pay from 3 to 5 thousand rubles.

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Is there currently any liability for failure to conduct a statutory audit and failure to submit an audit report to the tax and statistics authorities?

According to part 3 of Art. 1 of the Federal Law of December 30, 2008 No. 307-FZ "" (hereinafter referred to as the audit law), an audit is an independent audit of the accounting (financial) statements of an audited entity in order to express an opinion on the reliability of such statements. The accounting (financial) statements of the audited entity, for the purposes of this law, are understood to be the statements provided for by the previously effective Federal Law of November 21, 1996 No. 129-FZ "" or regulatory legal acts issued in accordance with it, as well as statements similar in composition, provided for by other federal laws or regulatory legal acts issued in accordance with them.

A mandatory audit is carried out, in accordance with, in the cases listed in this part, and in other cases established by federal laws (). In particular, its implementation is provided for the accounting (financial) statements of organizations (except for state authorities, local governments, state and municipal institutions and unitary enterprises, agricultural cooperatives, unions of these cooperatives), the amount of proceeds from the sale of products (sales of goods, performance of work , rendering services) which for the previous reporting year exceeded 400 million rubles. or the amount of assets in the balance sheet as of the end of the previous reporting year exceeds RUB 60 million. ().

Mandatory audit is carried out annually ().

Based on the results of the audit, an audit report is drawn up - an official document intended for users of the accounting (financial) statements of the audited entities, containing the opinion of the audit organization, the individual auditor expressed in the established form on the reliability of the accounting (financial) statements of the audited entity.

Note that the audit report was previously included in the financial statements of organizations subject to statutory audit (clause "d", clause 2, article 13 of the Federal Law of November 21, 1996 No. 129-FZ ""). However, in 2013, Federal Law No. 402-FZ "" dated December 6, 2011 (hereinafter - Law No. 402-FZ) came into force. According to the audit report, it ceased to be part of the annual accounting (financial) statements (clause "e" of section "" of the information of the Ministry of Finance of Russia dated December 4, 2012 No. PZ-10/2012, as well as the Ministry of Finance of the Russian Federation dated January 30, 2013 No. 03-02 -07/1/1724).

Thus, the original version did not establish the obligation to submit an audit report based on the results of the reporting period for any economic entities whose accounting (financial) statements were subject to mandatory audit. Only for companies publishing their financial statements, the obligation to publish an audit report along with financial statements was provided ().

Therefore, initially from January 1, 2013, for economic entities whose accounting (financial) statements were subject to mandatory audit, the obligation to submit an audit report to the tax authorities and state statistics authorities was abolished.

The texts of the documents mentioned in the experts' response can be found in the reference legal system .

The economic activity of the organization requires increased attention to assets, resources and cash flow. An audit is used to identify errors. What is a mandatory audit for an LLC in 2019?

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For legal entities in Russia, the most popular organizational and legal form is a limited liability company. Most small and medium businesses are registered as LLCs.

This assumes compliance with certain requirements, one of which is the conduct of audits. How is a statutory audit carried out for an LLC in 2019?

What you need to know

In addition, this way you can make sure that the reporting is correct and prevent the occurrence of unexpected fines and increased taxes.

Audits are carried out by independent audit firms. A mandatory requirement for them is the availability of audit activities.

Auditor services are provided on a fee basis. But these costs are more than reasonable, since some errors in reporting can lead to very serious losses.

What is its role?

Auditing involves not only checking accounting activities. Based on the results of the audit, it is possible to analyze the interaction between various departments and services and accounting.

Based on the audit findings, it is possible to assess the efficiency of the enterprise as a whole, identify the main risks and eliminate significant flaws in production activities.

A positive audit opinion becomes:

The guarantor of the organization's reliability as a commercial partner and compliance with legal regulations	For contractors
Confirmation of the fact of reliability of profit and its formation in accordance with accounting standards	For owners
Evidence of the effectiveness of activities, the reliability of the internal control system, the correct formation of assets and liabilities	For the executive body
Evidence of compliance with the Labor Code	For staff
An indication of a high degree of reliability of tax and accounting records, a low probability of detecting errors and additional taxes	For the tax authority

An auditor's report on the reliability of reporting for a certain period is issued based on the results of a mandatory audit.

Also, the management is presented with an audit report indicating the detected violations or misrepresentations of accounting and recommendations for their correction.

An organization subject to mandatory audit submits an audit report to Rosstat along with annual financial statements.

The opinion is submitted within ten days from the date of completion of the audit, but no later than the thirty-first of December of the year following the reporting year.

Legal regulation

For a new organization, the first reporting year is the time interval:

Checked objects

An audit is the collection of audit evidence, its evaluation and analysis. In this case, the list of objects to be checked depends on the verification method used.

An audit may be:

Solid	All primary accounting documents, registers of synthetic and analytical accounting, financial statements are carefully studied
Selective	Accounting documents are checked selectively by random selection of documents, with a choice of documents by numbering at regular intervals or in combination
Combined	Combines methods of continuous and spot checks. Small transactions are checked by a continuous method, and transactions with a large volume - selectively
Documentary	Limited to verification of primary and consolidated accounting records and statements. It is carried out without visiting the audited object and without conducting an inventory
Actual	Occurs with a visit to the object being checked

Documentary and actual checks can be carried out by continuous, selective or combined methods.

Order of conduct

The audit can be divided into three main stages:

Planning and organization	At this stage, the audit is discussed with the client. There is an acquaintance with the financial and economic activities of the organization. The factors influencing the activity of the subject are studied. The internal control system is assessed. A general plan and audit program is drawn up and agreed upon. An audit letter is being prepared. Signing an inspection contract
Collection of audit evidence	Controls are being tested. Substantive checks are being carried out
Completion of the check	Audit evidence is summarized and analyzed. The results of the audit are reported to the management of the audited LLC. An audit report is being drawn up

Calculation of fines

If you do not conduct a mandatory audit, then the LLC faces a fine. This is also provided for in clause 11 of article 15.23.1.

According to these standards, they can be fined in the amount of twenty to thirty thousand rubles or disqualified for up to one year.

As for legal entities, for such a violation they face a fine of five hundred to seven hundred thousand rubles.

If the audit is carried out, but the conclusion is not provided to Rosstat or submitted late, an administrative fine is provided for, determined.

An official is fined from ten to twenty thousand rubles, and an organization - from twenty to seventy thousand rubles.

For a repeated violation, fines increase - thirty to fifty thousand rubles and one hundred to one hundred and fifty thousand rubles, respectively. It is not necessary to submit an audit report to the tax office, since it is not included in the financial statements.

But if the audited financial statements of the LLC are published, then the auditor's report must also be published.

Is it done when re-registering a JSC into an LLC

Notes that the transformation of a legal entity is considered a reorganization.

In accordance with the law on state registration of legal entities, the reorganization is considered completed after the official registration of a new legal entity, while the transformed legal entity is considered to have completed its activities.

Thus, when a JSC is re-registered as an LLC, it turns out that one organization has ceased its activities, and the other has become a newly created legal entity.

Is an LLC subject to mandatory audit in this case? On September 1, 2014, amendments to the civil law came into force. Most of them concern legal entities.

It follows that although the reorganization creates an LLC, which in the first year of its activity is not subject to audit, an audit is necessary for a joint-stock company.

In addition, there is such a thing as a special purpose audit. This is carried out at or organizations.

Its purpose is to confirm the correctness of reporting, the value of assets and liabilities. In the process of a special audit, the compliance with the legislative norms of constituent documents is audited.

At the end of the audit, an audit report is prepared with a positive or negative result.

Mandatory audit allows you to make "transparent" financial documentation. This, in turn, speaks of the honesty and openness of the business.

The objective opinion of the auditor allows you to identify many risks and eliminate significant errors. Therefore, in recent years, many organizations that are not subject to mandatory audit, order an initiative audit.

Attention!

• Due to frequent changes in legislation, information sometimes becomes outdated faster than we can update it on the site.
• All cases are very individual and depend on many factors. Basic information does not guarantee the solution of your specific problems.