Audit and Consulting: Understanding the Boundary of Concepts
Many companies offer audit and consulting services. However, customer organizations of these services need to understand that there are differences between these concepts: from legislative regulation to responsibility for their results. vat consultants in Abu Dhabi - what exactly is the difference? In what situations can I apply for a service, and in which should? Definition, concept, and types of audit Audit - verification by an independent specialist of the accounting (financial) statements of the organization and the expression of his opinion on the reliability of indicators. Companies covered by Art. 5 of the Federal Law of the Russian Federation dated 30.12.2008 no. 307-ФЗ “On Auditing Activities”, the criteria and the obligation to submit an audit report as part of their annual financial statements, conduct an audit annually. In particular, they require periodic mandatory audits: Legal entities whose revenue for the previous year exceeded 400 million rubles. or as