In addition, the basis for a mandatory audit may be:

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organizational and legal form of the company;
type of activity;
the presence of any individual transactions, for example, when a company attracts financing on the market, etc.

These are cases of mandatory audit, when the entity is required to undergo an audit review and is required to post an audit report, which will express an opinion on the reliability of the accounting (financial) statements of this entity.



Initiative audit
As a rule, such an audit is carried out in cases where kazakhstan whatsapp phone number the entity is not subject to mandatory audit by law, that is, it is not obliged to undergo an audit on a mandatory basis, but at the same time there are some other grounds for conducting an audit on a voluntary basis at the initiative of, for example, the owners of this company.

These may be cases when:

owners want to receive an objective independent assessment of the state of accounting and reporting in the company;
there is a change in management and the owners want to understand the state of affairs, including the state of the company's financial affairs;
the business is preparing for purchase and sale transactions;
The business is preparing for new owners to enter the business.

In such cases, a proactive audit is conducted, when the auditor also draws conclusions about the correctness of accounting and the compliance of financial statements with the actual state of affairs.



Tax audit
An audit in which a company, its owners and/or management want to see and understand the real picture of the correctness of tax accounting, settlements with the budget - as well as to form an objective understanding of current tax risks in order to optimize these risks, in order to prevent blunders, shortcomings and errors in the future.

During a tax audit, the auditor pays close attention to tax accounting, tax registers, tax calculations, and draws conclusions.

Regardless of the type of audit, all audits have certain similarities:

An audit can only be conducted by a certified auditor and/or an audit company that has certified auditors on staff - and this company is a member of the SRO of auditors. In other cases, a company or person cannot call themselves an audit company or auditor.
All audits are regulated by the same standards. These are the International Standards on Auditing (ISA), which are recognized in the Russian Federation and have been in effect since 2018.

On the topic: How to conduct a tax audit correctly