Intangible assets

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

• accuracy of the classification as intangible assets;
• useful live;
• depreciation;
• land 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 intangible assets

• audit of the appropriation of long-term assets according to the characteristics of intangible assets;
• 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.

-  analytical auditing procedure for the reconciliation of depreciation of intangible assets with estimated data

• search for deviations of the estimated monthly and final depreciations for the audited period;
• audit of the availability of depreciation for accounting in the case of disposal of intangible assets;
• analysis of the absence of accrual of depreciation for accounting in the case of non-disposal of intangible assets;
• audit and analysis of the facts of change account of depreciation for the audited period.

-  audit procedure for data analysis of the land tax calculation on intangible assets

• analysis of the correctness of t inclusion / non-inclusion of the objects into the tax base;
• verification of the applied coefficients of land-tax and rightness of calculations on them;
• analysis of the application of land tax privileges.

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