Audit. Checking intangible assets during an audit (most important)

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Audit. Checking intangible assets during an audit (most important)

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45. VERIFICATION OF INTANGIBLE ASSETS DURING AUDIT

Goal verification of transactions with intangible assets (IA) - to form an opinion on the correctness of their classification, the reality of the assessment and the reliability of reflection in accounting and reporting. To achieve the objectives of the audit of transactions with intangible assets, the auditor must decide a number of tasks:

1) to study the composition and structure of intangible assets;

2) confirm ownership of them;

3) confirm the initial assessment of internal control systems and accounting operations;

4) establish the correctness of the reflection in the accounting of operations with intangible assets;

5) confirm the accuracy of the reflection in the accounting of operations on intangible assets;

6) assess the quality of the inventory of intangible assets.

Information sources:

1) purchase and sale agreements (creation of intangible assets);

2) copyright agreements;

3) acts of acceptance and transfer of intangible assets;

4) certificates for the right to use;

5) minutes of meetings of the founders on the introduction of objects of intangible assets into the authorized capital and the coordination of their value;

6) accounting cards of intangible assets;

7) registers of synthetic and analytical accounting;

8) accounting policies.

Verification plan and program. At the beginning of the audit of transactions with intangible assets, the auditor must make sure that the objects reflected in the intangible assets actually are such, based on the requirements of PBU 14. To do this, it is necessary to study the primary documents and accounting registers and compare them with the list of intangible assets in accordance with PBU 14. Those objects which were introduced before PBU 14 remain part of the intangible assets. It should be borne in mind that PBU 14 applies only to commercial organizations. Next, it is necessary to study the correctness of the assessment of intangible assets and the reflection of operations on their movement in the accounting accounts. The acquisition and disposal of intangible assets is carried out in a manner similar to the acquisition and write-off of fixed assets - the receipt is reflected in account 08, and after the initial cost is formed, account 04 is debited, and disposal is carried out using account 91. Next, the compliance of the depreciation calculation procedure with the methods and methods reflected in the accounting policies. PBU 14 makes it possible to depreciate in two ways: through account 04 and through account 05. At the final stage, you can check the compliance of the synthetic and analytical accounting data for intangible assets with the entries in the general ledger and balance sheet.

Check methods:

1) continuous check (main registers of synthetic accounting of intangible assets);

2) selective check (primary documents);

3) interview;

4) testing;

5) arithmetic calculation.

Typical mistakes:

1) lack of primary receipt documents or their execution in violation of established requirements;

2) incorrect attribution of certain types of expenses to intangible assets;

3) incorrect depreciation of intangible assets.

Generalization of results carried out in the form of working documents, such as the "Table of identified violations"; "Assessment of the impact of identified violations on the performance of financial statements".

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