A voluntary initiative audit is conducted to provide the client with accurate information about the company’s current situation and, if desired, to develop recommendations for addressing shortcomings related to the company’s financial and economic activities, as well as identifying ways to improve.
This type of audit is initiated by the company itself, with the goal of obtaining reliable insights into the business’s performance, identifying potential weaknesses in financial and economic activities, and creating recommendations to address these issues and enhance business processes.
An initiative audit provides valuable insights to business owners and managers, allowing them to identify issues early on and prevent potential financial and legal risks. It is especially beneficial for organizations aiming to maintain high standards of financial reporting, ensure regulatory compliance, and improve operational efficiency.
At the conclusion of the audit, a detailed report is prepared, along with recommendations, which is then presented to the client. This enables the company to promptly take necessary actions to rectify identified issues and mitigate risks related to financial reporting and tax obligations.
What We Do:
Assessment and analysis of the company's accounting policy
Verification of the correctness of business transactions reflected in accounting records
Assessment of tax accounting practices and accuracy of tax filings
Valuation of the company's assets
Audit of specific business transactions and their accounting treatment