Auditing

The main purpose of the audit activity is to establish the reliability of financial reporting and accounting, as well as verification of compliance with various financial and business transactions with current legislation. It should be noted that auditors and audit firms are not allowed to engage in other types of businesses.

Audits may be required and initiative, in which case they are decided upon by the company itself, which takes place check. In the context of Russian reality such actions are often promotional in nature, and major shortages are discovered after the bankruptcy of the enterprise.

Auditing activities can exercise both physical and legal entities (audit firms). And those and others are engaged in auditing activities only after obtaining a license for its implementation. An individual may be engaged in auditing activities only if the qualification certificate of the Ministry of Finance. To obtain the certificate necessary experience in the field of audit, there is a legal or economic education and examinations. There are four types of such certificates. Most often it requires professionals with the presence of certificate for general audit. Much less frequently required specialists in Banking Audit, Audit of exchanges, non-budgetary funds and investment institutions, audit of insurance companies.

In many large companies, holding companies, there are internal audit professionals. People with similar terms of reference used to be called, and is now called the Auditor General.

Highly qualified auditor, expect to pay much of their work, must possess both domestic and western accounting system - GAAP. knowledge of the requirements of IAS are less common. Recently practically mandatory additional requirement for such specialists was knowledge of accounting software SUN (automated translation system of national accounting systems to Western standards).

In contrast, for example, the chief accountant of the auditor's work is associated with trips to the enterprise - accounting and financial reporting is checked on the spot.

The crisis has sharply reduced the amount of work of audit firms. At the same time pay the most qualified specialists working in the offices of foreign audit firms and in internal auditing of companies with foreign capital have not changed. In general we can say that in the field of auditing, as in many others, the crisis has not yet developed some average wage rates.