Audit of financial statements
Audit of financial statements - is a check of the conformity of what is written in financial reporting, with the real state of affairs at the enterprise.
Why do we need an audit of enterprise reporting?
- To comply with legal regulations. In Ukraine an audit of financial statements must necessarily be carried out for certain enterprises, primarily those operating in the financial sector. These are banks, insurance companies and public joint-stock companies. If they are not controlled, then the risk of monetary losses for a large number of people is high.
- To better control the business. When conducting an audit of financial statements, it is easy to find the weaknesses of the enterprise and get everything back to normal in time. As a result of the financial analysis of the company, its owner receives reliable and truthful information for making management decisions.
- To increase the investment attractiveness of the company. The final product of the audit of the financial statements of the company — a valid document. It is formed by a company independent in relation to the business. This serves as powerful evidence of its transparency for investors. Financial audit — is a good tool for increasing company value.
«Bentams audit» LLC conducts a financial audit of an enterprise in such areas:
- Audit and analysis of financial statements (consolidated financial statements), which are compiled in accordance with the legislation of Ukraine.
- Audit and analysis of financial statements (consolidated financial statements), which are prepared in accordance with International Financial Reporting Standards (IFRS).
- Review of financial statements prepared in accordance with International Financial Reporting Standards (IFRS).