A voluntary audit is performed based on the decision of a company’s management and may cover either all of its accounts sections, or just some of its specific sectors.
A voluntary audit is aimed at the mitigation of the company’s financial, economic, accounting, and tax risks.
The specific objectives of a voluntary audit depend on the reason for which it should be performed and are defined in a special task.
A voluntary audit may be performed:
- by request of the owner, or the executive body of the company’s management, or a potential investor who wants to get the proof of the company’s finance accounting authenticity
- in the case of change of the CEO or Chief Accountant
- in the case of acquiring a new business
- in the case of the company restructuring (dividing, merging, etc)
- in case of direct requirement for the audit in the constitutive documents
- in case the company’s specialists are not confident about the correctness of accounting procedures, as well as accounting and tax reporting
A voluntary audit may include both a tax audit and an audit of specific operations.
A voluntary audit results in the issue of an auditing report as well as written information for the management, which contains detailed description of detected violations and the recommendations on corrective actions, and the assessment of the internal control system.
A voluntary audit performed by our highly qualified staff will give the owner confidence of her/his company’s stability, as well as the objective picture of his company employees’ competence. It will permit the accountant to take timely corrective actions on the detected violations of book-keeping procedures, and help mitigate the company’s tax risks.
