Economic examination

In the framework of economic examination the following types of examinations are conducted:
  • examination of documents of accounting, tax accounting and reporting;
  • examination of papers on economic activity of enterprises and organizations;
  • examination of documents on financial and credit operations.
The main objectives of examination of documents of accounting, tax accounting and reporting are:
 
determination of documentary justification of shortage size or surplus of inventory items and cash, period and place of their formation;
determination of documentary justification of the transaction on the receipt, storage, production, sale of material items, including cash, fixed assets, provision of services
 to determine documentary justification of accounting cash, securities;
determination of documentary justification of transactions on calculation and payment of wages and other benefits;
determination of the compliance with current legislation of tax accounting of income and expenditure for the financial and business transactions that are subjected to income tax;
determination the compliance with current legislation of tax accounting of tax liabilities and tax credit on financial and economic transactions, which are subject to taxation of income tax;
determination of compliance with the current legislation of tax accounting of tax liabilities and tax credit on value added tax.

Examination of papers on economic activity of enterprises and organizations
The main objectives of examination of papers on economic activity of enterprises and organizations are:
 
determination of documentary justification, analysis of indicators of financial condition (solvency; financial stability, profitability, etc.)
determination of documentary justification of analysis and structure of property and sources of its acquisition;, 
determination of documentary justification and analysis of sources of own funds and results of financial and economic activity;
determination of  documentary justification and analysis of general and special funds;
determination of  documentary justification and analysis of the reality of settlements with debtors and creditors;
determination of documentary justification and feasibility of obtaining and using credits and loans;
determination of  documentary justification and analysis of costs and prices as factors of financial stability, the break-even;
determination of documentary justification of payments under privatization and lease in accordance with existing methods of property valuation and other issues related to privatization or bankruptcy of enterprises;
determination of documentary justification of calculations share property's exit from the founders;
determination of documentary justification of calculations of lost earnings (late payment of compensation for damage under disability and in other cases);
determination of documentary justification of target budget spending;
determination of documentary justification of calculations of lost profits.

Еxamination of documents on financial and credit operations
The main objectives of examination of documents on financial and credit operation are:
 
to determine documentary justification of banking operations on the opening accounts, cash flows in the accounts;
to determine documentary justification of execution and accounting of transactions in distribution, use and repayment of loans;
to define documentary justification of execution and accounting of financial and banking business activities;
to determine compliance of accounting the financial and business operations with current legislation and the requirements of regulations on accounting and reporting;
to determine documentary justification of financial and business operations for calculation and payment of taxes by banks and their compliance with accounting and reporting data and current legislation;
to define the number of persons entrusted with the duty to ensure compliance with regulations on bank accounting and control.
 

Economic examination

In the framework of economic examination the following types of examinations are conducted:
  • examination of documents of accounting, tax accounting and reporting;
  • examination of papers on economic activity of enterprises and organizations;
  • examination of documents on financial and credit operations.
The main objectives of examination of documents of accounting, tax accounting and reporting are:
 
determination of documentary justification of shortage size or surplus of inventory items and cash, period and place of their formation;
determination of documentary justification of the transaction on the receipt, storage, production, sale of material items, including cash, fixed assets, provision of services
 to determine documentary justification of accounting cash, securities;
determination of documentary justification of transactions on calculation and payment of wages and other benefits;
determination of the compliance with current legislation of tax accounting of income and expenditure for the financial and business transactions that are subjected to income tax;
determination the compliance with current legislation of tax accounting of tax liabilities and tax credit on financial and economic transactions, which are subject to taxation of income tax;
determination of compliance with the current legislation of tax accounting of tax liabilities and tax credit on value added tax.

Examination of papers on economic activity of enterprises and organizations
The main objectives of examination of papers on economic activity of enterprises and organizations are:
 
determination of documentary justification, analysis of indicators of financial condition (solvency; financial stability, profitability, etc.)
determination of documentary justification of analysis and structure of property and sources of its acquisition;, 
determination of documentary justification and analysis of sources of own funds and results of financial and economic activity;
determination of  documentary justification and analysis of general and special funds;
determination of  documentary justification and analysis of the reality of settlements with debtors and creditors;
determination of documentary justification and feasibility of obtaining and using credits and loans;
determination of  documentary justification and analysis of costs and prices as factors of financial stability, the break-even;
determination of documentary justification of payments under privatization and lease in accordance with existing methods of property valuation and other issues related to privatization or bankruptcy of enterprises;
determination of documentary justification of calculations share property's exit from the founders;
determination of documentary justification of calculations of lost earnings (late payment of compensation for damage under disability and in other cases);
determination of documentary justification of target budget spending;
determination of documentary justification of calculations of lost profits.

Еxamination of documents on financial and credit operations
The main objectives of examination of documents on financial and credit operation are:
 
to determine documentary justification of banking operations on the opening accounts, cash flows in the accounts;
to determine documentary justification of execution and accounting of transactions in distribution, use and repayment of loans;
to define documentary justification of execution and accounting of financial and banking business activities;
to determine compliance of accounting the financial and business operations with current legislation and the requirements of regulations on accounting and reporting;
to determine documentary justification of financial and business operations for calculation and payment of taxes by banks and their compliance with accounting and reporting data and current legislation;
to define the number of persons entrusted with the duty to ensure compliance with regulations on bank accounting and control.