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Voluntary Audit

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Page of the site: HOME » AUDIT SERVICES » Voluntary Audit

Voluntary Audit

 
Voluntary Audit- normally is decided by the management or founding members of the organization, but it may also be performed in some other cases.
Who may be the initiator of Voluntary Audit?
  • Founding members, shareholders – in their wish to understand whether the organization was having efficient and reasonable spending in the audited period in order to see their investment efficiency;
  • Managers, directors – in case of employing new bookkeepers or raising a loan;
  • Bookkeepers – facing tax inspections;
  • Investors – considering investment in any enterprise with a view to assess the risk of losing their money;
  • Other stakeholders.
Voluntary Audit is performed with the following objectives:
  • evaluate and check the figures in financial and tax accounts, identify and subsequently eliminate any misstatements or errors in accounts and documents to avoid penalties;
  • make inventory of assets and liabilities;
  • minimize the owner's financial, business and accounting risks and optimize tax exposure;
  • verify calculations and ascertain accuracy and validity of financial statements.
verify calculations and ascertain accuracy and validity of financial statements.;Price of Servicevaries depending on the range of work.
Our audit services are always custom-tailored; whenever any shortcomings or errors are found, we give our recommendations on how they may be eliminated.

Description of Services:
In Voluntary Audit objectives are set by the Customer.
The Audit normally includes the following:
  • Ascertain accuracy and soundness of financial and tax accounts on the scale of the enterprise and for its separate divisions or activities.
  • Make overall evaluation (and improvement as necessary) of the existing financial and tax accounting, cash flows and document management.
  • During the audit our Auditors give their professional advice and  consulting on bookkeeping in the audited organization, preparation of accounting reports and tax-related issues.
  • Safeguard business owners through the establishment of internal management accounting system and adoption of transparent efficient internal control system.
Upon the completion of the Voluntary Audit the following documents are produced:

Detailed Report containing the Auditors' findings and recommendations on how to eliminate errors and improve business efficiency, and advice on various other audit-related issues, (or) Notes to the Management to specify issues requiring their special attention.
To estimate the Price of Services please complete our  On-line Questionnaire.

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