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Anna Teterleva, director and founder of Financial Technologies - Audit LLC, explained what an audit is and in what cases the procedure can be assigned.

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In what cases can an audit procedure be assigned?

What is an audit?
An audit is a review conducted to provide an opinion kazakhstan whatsapp phone number on the reliability of accounting (financial) statements. This is the most common type of audit.

In general terms, an audit is a check to confirm the reliability of something, usually accounting (financial) reporting. Other data may also be subject to verification, such as individual reports or even individual indicators from reports.

When an audit check of individual indicators or individual reports is carried out, or a check of reports compiled according to special rules, then this is already an audit according to special assignments.

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Types of audits
There are several types of audit checks. Let's consider each of them in detail.



Mandatory audit
Every year, the Ministry of Finance of the Russian Federation approves cases of mandatory audit. These are the cases when the subject is obliged to undergo an audit of accounting (financial) statements.

For reporting for 2024, in particular, this list establishes more than 80 cases when the financial statements of an entity are subject to mandatory audit and an audit opinion must be obtained on these statements.

The most common variant of these 80 cases in practice is quantitative thresholds for conducting an audit.

Let's look at some of them.

Currently, the legislation establishes the following: if the balance sheet assets, the so-called balance sheet currency, of an entity as of December 31 of the previous year exceed 400 million rubles; and/or the entity's revenue for the calendar year preceding the year of audit exceeds 800 million rubles, then in these cases the entity is subject to mandatory audit.