Audit of financial investments.

If we are talking about the organization of the activities of a particular enterprise, then, first of all, they speak about such a phenomenon as the audit of accounting of financial investments.

The first question that immediately comes to mind is: What is the purpose of this procedure?

Audit of financial investments sets as its goalform an opinion on whether the accounting of an enterprise is reliable in the direction of financial investments that were made for a short or, conversely, a long period. The audit procedure is carried out according to a specially developed methodology for accounting and taxation of financial investments. This procedure is carried out in accordance with those regulatory and legislative acts that are valid in the territory of the Russian Federation.

What preconditions does the audit of financial investments have?

First, the auditor during the asset auditThe enterprise proceeds from their completeness. This means that financial investments, investments must be made in the appropriate register of accounting, as well as in all accounting reports, and this must be done in full. Any unaccounted financial investments should not be in any case.

There are reasons for this. Accounting, as well as reporting, notes all assets, loans, as well as securities that a particular company or enterprise receives for its use.

Here, the turnover and the balance of availableaccounts. Speech in this case is about the synthetic accountability of financial investments. In this case, the balance, as well as the turnover of the analytical accounting accounts will coincide with the size of synthetic financial investments.

Turnover and balance of accounts, as a rule, are transferred in full from the accounting registers to the so-called General ledger for accounting.

All investments, investments, financial receiptsand the write-offs must necessarily be registered both in the accounting records and in the accounting documents. For this, they, in fact, exist.

There are also described and accounted for all transactions on movements of financial investments.

The next premise is the premiseexistence. It means that all financial investments are very important for a particular organization or enterprise. They, as a rule, exist at the moment of drawing up of balance and bring profit after a certain time.

In this case, the availability of financial investments has an official confirmation, which gives the primary documents, as well as the results of the inventory, which is conducted in a strictly defined time.

The enterprise has the right to financial investments of this kind, and is also responsible for all risks associated with such a right.

Audit of financial investments of the enterprise, which turn out to be reflected in the financial statements, shows that they are owned by the enterprise, and on a legal basis.

All securities that are reflected in thebalance sheet, are also owned by the enterprise. They were received by him as a result of a contractual system, which, in turn, met all legal requirements.

Audit of financial investments has the value of evaluation. This means that investments and securities are valued in accounting and reporting documentation in accordance with the requirements that are presented to regulatory documents of this kind.

An example is the valuation of valuablesecurities in foreign currency. If you look at the way of purchasing such securities, then their actual value will be formed on the basis of relevant regulations.

Audit of financial investments of the company orsome enterprise acts as a kind of monitoring that helps to provide an independent assessment of the facts, as well as to identify gross violations or deviations from the norms and laws that regulate accounting.