The beginning of summer is the best time to plan the audit of financial statements for ongoing financial year. At the end of the year, the demand for audit procedures increases, so an early start will allow you to agree on a convenient schedule with the auditor and get you a better offer.
Who needs to conduct an audit?
The mandatory audit for 2023 must be completed by companies that meet one of the following criteria:
In addition, an audit is also mandatory for:
Failure to conduct a mandatory audit is sanctioned with administrative fines for the organization and its executives.
Companies that may but have not yet reached the listed indicators, can conduct an initiative audit - it helps to identify and correct accounting errors in advance, as well as receive professional advice from experienced auditors.
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Bellerage Online© is a tool for quick and efficient interaction with your outsourcing partner. Monitor financial and administrative processes from anywhere in the world 24/7.
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Bellerage Online© is free for our clients and available to an unlimited number of users - from operational staff to headquarter representatives. Available in an English and Russian version.
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