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Preparing For A Company Audit Print E-mail
Motivation
Planning and preparation
Fixed Assets
Inventories
Bank
Debtors
Creditors
Turnover
Cost of Sales
Administrative expenses
Finance expenses
Tax
Share Capital and Reserves
Cash Flow Statement

 

Motivation
 
An unoccupied auditor is more likely to make life difficult than an occupied one.  By making sure the auditor has everything they need to see in one place as soon as they walk in door, disruption and cost can be kept to a minimum.  
 
Auditors will need all the information set out here to be able to give an audit opinion.  If business owners do not find the information for auditors, auditors are left with no choice but to charge a fee for finding the information themselves.
 
Auditors prepare standard files for each company they audit.  This document briefly explains the key information they will need to complete their files, so they can finish the audit and get out of the way as quickly as possible.

Planning and preparation
 
The first thing the auditor will want to see is a set of financial statements.  If auditors have to prepare financial statements, they charge expensive rates and are more likely to find issues that take up management time to resolve.  To prepare financial statements, see the home page of this site, or find a local accountant.  Make sure to get a few quotes, as prices do vary.
 
Send financial statements and a supporting trial balance to the auditors before they visit the premises.  Ask them to prepare a list of likely questions they will have when they arrive, and use that to prepare a file of information they will need to answer their questions.
 
Once they have reviewed the first draft of the financial statements, request a planning meeting with the auditor to discuss any special work they will require so that it can be done before site work commences.
 
The auditor will look at the largest numbers on the income statement and balance sheet.  They will want to make sure they can verify that each material number which can affect investment decisions based on financial statements has been correctly stated.  They will also want all information that is required to prepare the statutory notes that financial statements are required to show. Free online examples of financial statements with statutory notes under International Accounting Standards, along with summary rules for preparing them are available on the web.
 
Prepare a lever arch file and file dividers for the auditor.  Create a separate file section for each heading on your balance sheet.  Also create a section for the income statement, cash flow statement and notes to the accounts.
 
A box will be required for some additional information that the auditor will want to see.  They will also need a comfortable room to sit in with a large supply of tea and coffee.  The more comfortable the audit team is, the less likely they are to leave the room and snoop around, although they are inclined to do so regardless.
 
What follows are suggestions for information to include in each section of the file.  The list is not comprehensive and must be tailored to the particular circumstances of each business.


Fixed Assets
 
Prepare a fixed asset register for all fixed assets.  This can be a spreadsheet, book or file.  It must include information about each asset the company has ever purchased, especially during the year being audited. 

  • Date of purchase

  • Cost, accumulated depreciation and net book value

  • Supplier

  • Type of finance used to buy the asset (cash, loans, lease contract)

  • Net, gross and VAT amounts

  • Depreciation rates used to deducted depreciation from each asset for each year of the asset's economic life

  • The bank statement that shows where the asset or finance was paid

  • The location of the asset

  • The condition of the asset

  • How long the asset is likely to be used

  • When it will be replaced

  • How much the asset can be sold for when it is no longer used by the business


At the front of the fixed asset section of the file, include a summary of all fixed asset movement in the year.  The summary should look something like this:

Cost

Land & Buildings

Motor Vehicles

Office Equipment

Opening balance

 


 


 


Additions

 


 


 


Disposals

 


 


 


Closing Balance

 


 


 


Depreciation

 


 


 


Opening Balance

 


 


 


Depreciation on additions

 


 


 


Depreciation on disposals

 


 


 


Closing Balance

 


 


 


Net book value current year

 


 


 


Net book value prior year

 


 


 




Behind the summary, include a detailed summary and copies of all invoices for additions in the year.  Then include a detailed summary and proof of disposals in the year.
 
The auditor may want to physically see some of the larger assets to ensure they are still in working condition.
 
Revalued assets
  • Include a copy of the valuation certificate, and details of the person who conducted the valuation, such as name, qualifications and contact details.

  • Prepare a reconciliation of the revaluation reserve, stating the opening balance, listing movements in the year and stating closing balances at the balance sheet date.

Investments

  • Include a summary of all new investments for the year (such as properties and shares in companies).

  • Make copies of all contracts and certificates of registration, revealing rights and obligations affecting investments.   This will determine whether investments are accounted for as trade investments, joint ventures or associated companies.

  • Include copies of remittances of all income from investments such as interest and dividends as the auditor will want to ensure that income from investments stated in the accounts is complete.

  • If available, include proof of valuation of variable value investments at the balance sheet date.  Auditors will need to know if values of investments have been impaired (decreased in value).


Inventories

  • A summary of stock values should differentiate between stock, work in progress and finished goods.  Prepare an explanation with evidence such as invoices, of what bases of stock values have been used.

  • Auditors will calculate the average number of days it takes for inventory to turn over (inventories/cost of sales x 365 days) for both the current and prior financial years and will require an explanation of a major fluctuation (such as discontinued stock lines).  They may use this to determine if any inventories  should not be included in the balance sheet.  Do the calculation and prepare an analysis for the auditor.

  • Latest selling prices of stock in the balance sheet, to ensure they are above cost.

  • A box with stock sheets from the physical count of stock should be made available to the auditor. The auditor will pick a few items and verify the calculations of the values.  They will cast the sheets and check the transfer of values from the sheets to the accounts.

  • Auditors will search for old unused stock and request that stock with no reasonable prospect of being sold should be written off (deducted from the total value of stock).  Auditors will be aware of using the stock value to boost poor profits and look for ways where this could have caused the financial statements to become misleading.


Bank

  • A summary of all bank accounts agreed to the total cash and bank on the balance sheet.

  • All bank reconciliation statements.   

  • Copies of the bank statements showing the balance used for the reconciliation statements.  Auditors will trace all outstanding amounts on the reconciliation statements to the bank statements after the balance sheet date and request explanations for those that have not been presented at the bank for payment.  Therefore, include bank statements after the balance sheet date in the box.


Debtors

  • Provide a debtors' aged analysis in the box or file.  

  • Put receipt books and bank statements for the period between the balance sheet date and the audit date in the box as the auditor would want to check that debtors are being paid after the balance sheet date.  

  • The auditor will request a review of the aged analysis for debt that will not be paid.  They may request a letter from the client to promise that the debt will be paid and a note of the reason why it has not been paid for debt older than 90 days (depending on the significance of the amount owed).

  • Auditors will calculate the average number of days it takes for debtors to pay  (debtors/sales x 365 days) for both the current and prior financial years and will require an explanation for a major fluctuation (such as one large debtor that may be due this year which was not there last year).  They may use this to determine if any debtors should not be included in the balance sheet.  Do the calculation and prepare an analysis for the auditor.

  • Provide a list of prepaid expenses showing how each one was calculated and supporting invoices as evidence of validity.


Creditors

  • Provide a creditors' aged analysis.  

  • Auditors will calculate the average number of days it takes for the business to pay creditors (creditors/credit purchases x 365 days) for both the current and prior financial years and will require an explanation for a major fluctuation (such as one large debtor that may be due this year which was not there last year).  They may use this to determine if any creditors should not be included in the balance sheet.  Do the calculation and prepare an analysis for the auditor.

  • List of accrued expenses, calculations of accruals, and copies of invoices showing relevance to the period ending at the balance sheet date

  • List of long term loans, showing how much will be paid in one year, two to five years and more than five years.

  • Provide copies of correspondence from lawyers and other third parties to support provision for losses that have not yet occurred;  explain the full circumstances of provisions to auditors at the planning meeting to discuss what audit documents will be required

  • Copies of all loan agreements and statements will be required and a summary analysis of opening balances, amounts paid, interest allocated to the income statement and closing balance

  • When accounting for leases, check with the auditor if in their opinion the lease is a finance lease or an operating lease. They will require the lease contracts to make their judgement.  Finance leases are used to finance assets owned by the company at some point during the lease term (sometimes only at the end) and are treated like other loans as a liability in the balance sheet, whilst operating leases are used to rent equipment not owned by the company and are treated as a cost in the income statement;  The auditor will need to assess whether the correct treatment has been used, which can have a significant impact on profits and tax provisions, therefore it pays to get the treatment right from the start.


Notes to the accounts

  • Details of commitments to buy significant assets.

  • Directors' remuneration.

  • A summary of payroll costs and numbers of employees

  • Other notes included in the accounts for the prior year


Turnover

  • A list of sales invoices for the auditor to scrutinise and pick samples from to test.  Auditors will perform a walk through test to ensure that sales are correctly recorded from the moment the order is taken to when payment is received.

  • Copies of sales invoices, filed in a format that is easy to find from the list above

  • Break down sales trends as much as possible, such as month on month or customer totals year on year.  Auditors will perform analytical procedures to ensure that they can identify reasons for sales trends such as an increased number of customers, new contracts of sale or customers lost.


Cost of sales

  • Cost of sales is usually too cumbersome to analyse in detail.  The auditor will most likely try to break it down by month and compare monthly trends to the prior year by drawing a table.  If there are large fluctuations the auditor will look for reasons, such as a downturn in sales in the same month.  By doing these analyses internally and providing the auditor with commentary, it saves on time and frustration of trying to find explanations in a hurry.

  • The auditor will also analyse the trend of gross profit and look for explanations of increases or decreases in gross profit which he will want to verify.

  • Auditors will perform a walk through test to ensure that expenses and wages are correctly recorded form the moment the expense originates to when the payment is made.

  • The auditor may compare supplier turnover with the prior year and try to compare this with other trends such as sales to understand why it may have increased or decreased.

  • Wages and payroll will be compared with returns to Inland Revenue and payroll annual summaries, so it is useful to have these ready.


Administrative expenses

  • Auditors will require a list of administrative expenses for the current financial year to compare to the prior financial year.  They will require explanations for significant fluctuations on a line-by-line comparison.

  • If audit and tax services are combined, auditors will collect copies of tax sensitive invoices and analyse tax sensitive accounts. Request an indication of likely analyses the auditor may require and prepare them before they arrive.

  • Anything new, large or small compared with prior years will be analysed, so it may be helpful to do an internal analysis and to provide some explanations at the planning meeting.


Finance expenses

  • Interest paid and received needs to be stated separately on the income statement and cash flow statement, and is usually verified to the source documents (such as investment and loan statements)


Tax

  • Auditors expect an estimation of tax to be included in the accounts.  Include a detailed calculation of the provision in the file.  Include a copy of the previous year's assessment from the Revenue Office and details of how this was paid in the file.  The payment will be traced to the bank statements.

  • The accounts require a note that reconciles the amount of tax that would have been charged if the tax rate had been applied to the profits shown in the accounts before any adjustments to calculate taxable profits, to the actual amount of tax that has been charged.  It can be time-consuming to reconcile, therefore an internal attempt may be a valuable exercise.


Share capital and reserves

  • Provide auditors with a copy of the latest annual return to Companies House.

  • If any changes in shareholding or directorship have occurred, ensure that they are reflected in the Directors' Report', the balance sheet and in a note to the accounts, and provide copies of registration documents to the auditor.

  • Analyse each reserve on a summary page, including opening balance, movement for the year analysed by type, and closing balance.


Cash Flow Statement

  • Auditors are required to verify that the amounts included in the cash flow statement are actual cash movements and that they have been included under the correct headings in the statement

  • Include analysis of amounts included in the headings on a summary page

  • Include any copies that may support the amounts in the summary

 

 

对于一个公司审计做准备 打印 电子邮件

动机
计划和准备
固定资产
存货
银行
应收账款
债权人
营业额
销售成本
行政开支
财务费用

股本及储备
现金流量表


动机

未占用的核数师更 ​​有可能做出比一个被占领的生活困难。 确保核数师的一切,他们需要看到在一个地方,当他们走在门口,中断和成本可以保持在最低限度。

核数师将所有需要的信息,在这里能够给审核意见。 如果企业主没有找到的信息为核数师,核数师只剩下没有选择,但要收取一定的费用,为自己寻找信息。

核数师编制标准文件,每家公司审计。 本文件简要介绍,他们将需要完成自己的文件的关键信息,使他们能够完成审计的方式尽快走出。

计划和准备

核数师将要看到的第一件事情是一套财务报表。 如果核数师编制财务报表,收取昂贵的价格和更容易管理的时间来解决的问题。 编制财务报表,请参阅本网站的主页,或找到当地的会计师。 请一定要得到一些报价,价格也有所不同。

发送财务报表及试算表的核数师之前,他们访问的处所。 问他们准备他们到达时,他们将有可能出现的问题的列表,并用它来 ​​编写一个文件的信息,他们需要回答他们提出的问题。

一旦他们已审阅财务报表的第一个草案,要求与核数师讨论任何特殊的工作,他们将需要使现场工作开始前,可以做一个规划会议。

核数师的损益表和资产负债表上人数最多的。 他们会想,以确保他们可以确认已经正确地指出,每种材料的数量,这可能会影响投资决策的财务报表的基础上。 他们也将要编制的法定财务报表须出示所需要的所有信息。 免费在线的法定票据按国际会计准则的财务报表,一起为他们准备的汇总规则的例子是在网络上。

准备杠杆拱文件和文 ​​件分频器的核数师。 在资产负债表为每个标题创建一个单独的文件部分。 还可以创建一个部分的收益表,现金流量表和账目附注。

将需要一些额外的信息,核数师会希望看到一个对话框。 他们还需要一个舒适的房间,坐在一个大的供应茶水和咖啡。 更舒适的审计团队是不太可能的,虽然他们倾向于这样做,无论他们离开房间,检查一下。

以下是建议的信息,包括在每个部分的文件。 这份名单是不全面的,必须针对每个企业的具体情况。


固定资产

准备一个对所有固定资产固定资产登记。 这可能是一个电子表格,簿册或文件。 它必须包括该公司曾经购买,特别是在今年被审计的各资产的信息。

  • 购买日期

  • 成本,累计折旧及账面净值

  • 提供者

  • 类型的资金用于购买资产(现金,贷款,融资租赁合同)

  • 净重,毛重和增值税金额

  • 从各资产扣除折旧的折旧率每年资产的经济寿命

  • 银行对账单,其中显示出该资产或金融支付

  • 该资产的位置

  • 该资产的条件

  • 多久的资产可能被用于

  • 当它会被取代

  • 多少资产可以出售时,不再使用的业务


在前面的固定资产部分的文件,包括所有固定资产运动在今年的总结。 摘要应是这个样子:

成本

土地及建筑物

汽车

办公设备

期初余额

 


 


 


添置

 


 


 


出售

 


 


 


期末余额

 


 


 


折旧

 


 


 


期初余额

 


 


 


折旧增加

 


 


 


出售折旧

 


 


 


期末余额

 


 


 


账面净值本年度

 


 


 


账面净值前一年

 


 


 




后面的总结,包括一个详细的总结,并在今年增加的所有发票的副本。 然后有一个详细的总结,并在今年出售的证明。

核数师可能要看到一些较大的资产,以确保它们仍处于工作状态。

重估资产
  • 的估值证书,附上一份详细的人进行估值,如姓名,资历和详细联系方式。

  • 准备一个和解之重估储备,说明期初余额,上市一年的变动,并说明期末余额在资产负债表日。

投资

  • 包括年度所有新投资(如性能和股份公司)的概要。

  • 复印的所有合同和登记证书的,揭示了权利和义务,影响投资。 这将决定是否投资,贸易投资,合资或联营公司入账。

  • 包括汇款的所有投资收入如利息和股息为核数师的副本将要在账目中所载的投资保证收益是完整的。

  • 如果有的话,包括估值变量的值投资在资产负债表日的证明。 核数师需要知道,如果投资价值已减损(下降值)。


存货

  • 概要股票价值应区分股票,在制品和产成品。 准备一个解释的证据,如发票,什么样的股票价值已被用于基地。

  • 核数师将计算平均的天数,库存翻身(存货/成本销售×365天),为当前和过往财政年度将需要解释的一个重大波动(如停产股线)。 他们可能会使用它来 ​​确定存货(如有)不应包括在资产负债表。 做计算分析,并准备为核数师。

  • 最新销售价格的股票在资产负债表,以确保它们是高于成本。

  • 一个盒子,片材的物理计数的股票应提供的核数师。 核数师将选择几个项目,验证计算的值。 他们会投表和检查值表的帐户转移。

  • 核数师将搜索旧的未使用的股票,并要求没有合理的前景被出售的股票应当注销股票的总价值(扣除)。 核数师都知道使用的股票价值提高穷人的利润,并期待这可能造成的财务报表,成为误导的方式。


银行

  • 概要同意以总现金和银行资产负债表上的所有银行账户。

  • 所有的银行对账单。

  • 复制的银行对账单显示的对帐表用于平衡。 核数师的对帐表,资产负债表日,并要求解释那些尚未提交银行付款的银行对账单后,将跟踪所有未偿还款项。 因此,包括银行对账单后,资产负债表日的方块中。


应收账款

  • 提供一个应收账款的账龄分析,在包装盒或文件。

  • 把收据簿和银行对账单的资产负债表日期间和包装盒中的核数师审核日期将要检查资产负债表日,应收账款后支付。

  • 核数师会要求将不会支付债务的账龄分析评论。 他们可能会要求从客户端的信承诺将支付的债务和说明的原因,为什么它没有被支付的债务老年超过90天(取决于所欠款项的意义)。

  • 核数师将计算出当前及过往财政年度的平均天数需要支付应收账款(应收账款/销售×365天),将需要解释的主要波动(如一个大的债务人,可能是由于这今年是不存在的最后一年)。 他们可能会使用这个值来判断,如果任何债务人不应包括在资产负债表。 做计算分析,并准备为核数师。

  • 提供的列表待摊费用如何计算每一个和发票作为证据的有效性。


债权人

  • 提供一个应付账款的账龄分析。

  • 核数师将需要支付业务的当前和过往财政年度债权人(债权人/赊购×365天)的平均天数计算,将需要解释的主要波动(如为一体的大型债务人由于今年没有去年)。 他们可能会使用这个值来判断,如果任何债权人不应包括在资产负债表。 做计算分析,并准备为核数师。

  • 预提费用,计算应计项目,并在资产负债表日终了期间的相关发票复印件列表

  • 名单的长期贷款,将支付多少在一年,两年至五年及五年以上。

  • 的律师及其他第三方提供的信件副本,以支持提供解释的规定充分的情况下,核数师在规划会议,讨论将需要什么样的审计文件尚未发生的损失;

  • 将需要的所有贷款协议和声明的副本和汇总分析的期初余额,支付的金额,利息分配收益表及期末余额

  • 租赁会计时,检查与核数师在他们看来,如果租赁为融资租赁或经营租赁。 他们需要的租赁合同,使他们的判断。 融 资租赁的用于资助该公司所拥有的资产,在某些时候,在租赁期内(有时只结束时),并像对待其他贷款负债在资产负债表,而经营租赁的用于租用设备不属于的成 本在损益表中被视为本公司及核数师需要评估是否已使用正确的治疗,利润和税收的规定有重大影响,因此值得从一开始就得到治疗的权利。


账目附注

  • 详细的承诺,购买重大资产。

  • 董事之酬金。

  • 工资成本和员工人数概要

  • 上一年度账目中的其他注意事项

  [ 返回顶部 ]


营业额

  • 销售发票的核数师审核及抽取样品测试列表。 核数师将进行步行测试,以确保正确记录销售订单到收到付款时的那一刻起,。

  • 销售发票,提交的格式,很容易从上面的列表中找到副本

  • 打破尽可能多的销售趋势,如一个月或一个月的客户总数比去年同期。 核数师将执行分析程序,以确保他们能够识别销售趋势,如客户数量的增加,新的合同销售或客户流失的原因。


销售成本

  • 销售成本通常是太麻烦了详细分析。 核数师将最有可能打破它由个月和前一年比较每月的趋势,画一个表。 如果有大的波动核数师的原因,如在同月的销售低迷。 通过做这些分析内部的核数师,并提供与评论,这样可以节省时间和挫折试图找到在匆忙的解释。

  • 核数师还将分析趋势的毛利和毛利的增加或减少,他将要验证的解释。

  • 核数师将进行步行测试,以确保正确记录形成的费用来源时支付费用和工资。

  • 核数师可能比较供应商的营业额与去年比较与其他的趋势,如理解为什么它的销售可能会增加或减少。

  • 工资和薪酬与回报相比,税务和工资年度总结,所以有这些准备是非常有用的。


行政开支

  • 核数师会要求本财政年度的行政开支比上一财政年度的列表。 他们需要解释大幅波动上线,由线的比较。

  • 如果审计及税务服务相结合,核数师将收集税的敏感发票的副本和分析税收敏感帐户。 可能的分析,核数师可能需要,并帮助他们在他们到达之前请求指示。

  • 什么新东西,或大或小,与前几年相比,将被分析,因此,它可能会有所帮助做内部分析,并在规划会议上提供了一些解释。


财务费用

  • 支付及收取的利息分别需要特别说明的损益表和现金流量表,通常是验证的源文件(如投资和贷款报表)


  • 核数师的税收账目中的预期估计。 包括在文件中提供了详细的计算。 包括从税务局办公室和细节,这是如何在文件中支付的上一年度的评估副本。 将跟踪银行对账单的支付。

  • 该帐户需要注意调和的金额应已扣除的税,如果税率已应用于占调整前的利润计算应纳税利润的实际纳税额已计入。 它可以是费时的调和,因此内部的企图可能是一个很有意义的活动。


股本及储备

  • 为核数师与公司注册处的最新周年申报表的副本。

  • 如果发生任何变更股权或董事的发生,确保他们在账目附注体现在董事会报告书“,资产负债表和登记文件的副本,并提供该核数师。

  • 分析各储备的摘要页面上,包括期初余额,运动类别划分的一年,期末余额的。


现金流量表

  • 核数师须确认的金额在现金流量表中所包含的实际现金流动和正确的标题在声明中已包括在

  • 包括分析的款项,包括一个摘要页面上的标题

  • 包括可以支持的金额在摘要中的任何副本

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