Audit of finished products
Before talking about what audit of accounting for finished products, it is worthwhile to understand the concept of audit.
On the territory of our country, audit is controlfor the economic activity of an enterprise. As market relations developed, accountants had to get acquainted with the set of normative acts and draft laws that regulated all legal aspects of economic activity. They reflected the criteria for the work of enterprises, such as accounting, reporting, taxation criteria, the formation of the cost of a product, and so on.
Normative documents are supplemented by newpositions, undergo changes, and this happens quite often. Unfortunately, they are not always brought to the attention of taxpayers. That is why some violations are noted, mostly, of course, unintentionally, in the work with some normative documents.
Therefore it is perfectly logical to create a form of controlfor economic activity of the enterprise, and it is obliged to be carried out not on the part of the state. It should be noted that this form of control should include consultations on all matters related to the organization and accounting of accounting, financial statements, as well as methods to improve the efficiency of commercial activities.
This is exactly the form that audit of finished products has become. It helps to significantly reduce the risks of individual entrepreneurs and enterprises.
If we talk about finished products, then itis a property that belongs to the sphere of material and production, that is, to the reserves of the enterprise. They, of course, meet all the standards required by law. Products are produced for one purpose - sales and profit.
Audit of finished products implies the existence of a certain nomenclature number, name, batch, variety or homogeneous group.
The enterprise independently selects the unit of accounting for finished products. Naturally, it is fixed in the relevant accounting policy documents.
All manufactured products are surrendered forsubsequent sale to the warehouse. There it is recorded, and it is done by persons who are financially responsible for this process. You can make an exception and do not audit the sale of products, if it is large, that is, it can not be delivered to the warehouse for technical reasons.
Then the audit of finished products is carried out directly at the place of production of this product, and this makes the manufacturer.
With what goal does such athorough product inspection? The answer is obvious: it is necessary to objectively assess whether the product was produced in full volume, whether it was delivered in a timely manner to the warehouse, whether reliable documentation is included in the entire documentation, whether the accounting and reporting documents were properly drawn up.
Audit of finished products also checks and volumesthe value of the cost of goods sold, the value of commercial costs, as well as possible losses from sales.
All results of such an audit are formalized as documents for analytical and synthetic accounting of the issue and sale of a particular product.
It should also be said that the auditor's reportis a document that has a legal status, that is, it is valid for legal entities, individuals, authorities, administration and judicial bodies.
The conclusion made by the auditor has the status of an expert opinion, which, as a rule, is appointed by the state.