An initiative (external) audit involves verifying the compliance of the organization's accounting, tax accounting and financial (accounting) statements with the laws of Ukraine. It is conducted both by the decision of the company's administration or founders and by the company's business partners (e.g., banks, potential investors, etc.).
It is worth considering that an initiative audit can be carried out at any time and for any selected period of the company's work, both for all previous years of work and for a specific period.
Who can benefit from the Initiative Audit and when?
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business owners to check the efficiency of accounting services;
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before a tax audit;
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when the company changes owners, management, or chief accountant;
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banks may request confirmation of the accounting statements accuracy when deciding whether to issue a loan.
The purpose of an initiative audit is to minimize the owner's financial and business, accounting and tax risks, as well as to eliminate violations to avoid penalties by identifying irregularities in accounting, taxation, and document flow.
Initiative audit from the Audit Company “GARANT-AUDIT” is individual for each client, and if errors are detected during the audit, the company necessarily receives recommendations for elimination thereof.