Accounting and Audit of Settlements with Buyers and Customers
This article discusses the procedure of conducting of accounting and audit of settlements with buyers and customers, and relationship customers based on a specific reflection of calculations with each other and conclude contracts between them. The analysis of the legal framework governing the correct implementation of the calculations. Regulation of accounting of calculations with buyers and customers performed using the documents, which include Federal and industry standards, such as Codes, Laws, Government Regulations, accounting Regulations, the chart of accounts and recommendations in the field of accounting standards and the economic entity. Describes the main differences between International financial reporting standards (hereinafter IFRS) and Russian accounting system associated with the historically conditioned differences in the use of financial information. Reflects the basic of standard business records for accounting of settlements with buyers and customers, and the estimation of the common audit procedures related to settlements with buyers and customers, after which you must plan and audit program. Upon completion of the test calculations with buyers and customers, the auditor needs to prepare audit report that contains conclusions about the work done and expresses his opinion about the reliability or unreliability of financial statements in terms of settlements with buyers and customers. Considered the main instruments for settlement of receivables poses a risk for the occurrence of insolvency and breaches of its financial stability, which makes to attract additional sources of information.