Legal Encyclopedia. The letter a

Auditing AUDIT

- Entrepreneurship for independent verification of accounting and financial (accounting) statements of organizations and individual entrepreneurs.

Legal audit regulation in the Russian Federation on the basis of the Federal Law "On audit activity", according to which the main purpose is A. express an opinion on the reliability of financial (accounting) statements of the audited entities and compliance of accounting procedures with Russian laws.

A. The audit is carried out

organizations and individual auditors.

A. can not be carried out:

1) auditors being the founders (participants) of the audited entities, their directors, accountants and other persons responsible for the organization and maintenance of accounting records and preparation

financial (accounting);

2) auditors being founders (participants) of the audited entities, their officials, accountants and other persons responsible for the organization and maintenance of accounting records and preparation of financial (accounting), close relatives (parents, spouses, brothers, sisters, children, as well as brothers, sisters, parents and children of spouses);

3) the auditor organizations, heads and other officials are founders (participants) of the audited entities, their officials, accountants and other persons responsible for the organization and maintenance of accounting records and preparation of financial (accounting);

4) the auditor organizations, the heads and other officials are close relatives (parents, spouses, brothers, sisters, children, and brothers, sisters, parents and children of spouses) with the founders (participants) of the audited entities, their officers, accountants and other persons responsible for the organization and maintenance of accounting records and

preparation of financial (accounting);

5) auditing companies in relation to audited persons being their founders (participants), in relation to the audited entities for which these audit organizations are founders (participants), in respect of subsidiaries, branches and representative offices of the said audited entities, as well as to organizations having general with this auditor organization of founders (participants);

6) the auditor organizations and individual auditors, continue for 3 years immediately preceding the audit, recovery services and accounting, as well as preparation of financial (accounting) statements of individuals and legal entities - in relation to such persons.