Fixed assets

The analytical procedure Fixed assets is intended for comprehensive analysis and data check in a continuous way, includes the following segments:

• accuracy of the classification as fixed assets;
• application of codes;
• useful live;
• revaluation;
• depreciation;
• investment deduction;
• property tax.

Audit Documentation software (analysis) is used for a continuous analysis. This program is registered by the employee of our company in the National center of intellectual property of the Republic of Belarus. In accordance with the contract is intellectual property of the auditing company AuditComService LLC.

The conducted analysis consists of the following audit procedures:

-  analytical audit procedures on the verification of base data of fixed assets with calculation data

• audit of the appropriation of long-term assets according to the characteristics of the accounting policy;
• positive residual value at the end of the audit period;
• check of the fact of charge depreciation for the last month of the calendar year;
• search for other variances according to auditors.

• Download the example of results of the procedure on the analysis of principal data of fixed assets in pdf format.

-  auditing procedure on codes data analysis of fixed assets and classifiers

• identification of existing variances in codes data analysis of fixed assets and Classifier-2001;
• identification of existing variances in codes data analysis of fixed assets and Classifier-2012.

• Download the example of results of the procedures on codes data analysis of fixed assets and classifiers in pdf format.

-  analytical auditing procedure on the reconciliation of codes data of fixed assets and useful live with classifiers

• identification of existing variances in codes data reconciliation of fixed assets and useful live (within ranges) with Classifier-2001;
• identification of existing variances in codes data reconciliation of fixed assets and useful live (within ranges) with Classifier-2012.

• Download the example of results of the procedures on the useful life analysis of fixed assets in pdf format.

-  auditing procedure on the analysis of the depreciation of fixed assets

• identification of charge depreciation for objects of fixed assets for, which are not depreciated;
• verification of non-compliance with seasonality in calculating depreciation for certain categories of fixed assets.

-  analytical auditing procedure on the reconciliation of fixed assets depreciation to calculation data

• search for variances in the calculation monthly amount and final calculation monthly amount of depreciation for the audited period;
• audit of the availability of accruals accounting depreciation in the case of disposals of fixed assets;
• analysis the availability of accruals accounting depreciation in the case of non-disposals of fixed assets;
• audit and analysis of the facts of changing accruals accounting depreciation for the audited period.

-  auditing procedure on data analysis the calculation of property tax on fixed assets

• analysis of the correctness of inclusion / non-inclusion of the objects into the tax base;
• audit of the applicable property tax coefficient and the accuracy of calculations;
• audit of the application of property tax privileges.

• Download the example of results on the procedures for the analysis of property tax on fixed assets in pdf format.

-  analytical audit procedure on verification of data revaluation of fixed assets with calculation data

• identification of existing variances in the reconciliation of data revaluation of fixed assets and estimated data, take into account the rules of the Classifier-2012;
• identification of existing variances in the reconciliation of data revaluation of fixed assets and estimated data, take into account the rules of the Classifier-2001.

• Download the example of results of the procedure on the analysis of fixed assets revaluation in accordance with classifiers in pdf format.

The results of the conducted audit procedures are documented in a detailed description of analytical procedure, the list of deviations of fixed assets objects with the recommendations for their recovery, as well as the conclusions of the auditors according to the results of the analysis.