1. Current assets audit

Current assets refer to the assets that an enterprise realizes or consumes within a business cycle of one year or more than one year, including monetary funds, short-term investments, Accounts receivable, notes receivable, prepaid accounts and inventory, etc. The key points of current asset audit are as follows:

(1) Monetary funds.

Accounting accuracy: Review the consistency of the accounting table and the consistency of the accounting facts. Legality: Examine whether there are any problems with cash receipts and payments beyond the scope, problems with opening bank accounts indiscriminately, illegal payments, illegal vouchers being deposited into the treasury, private deposits of public funds, public funds outside the accounts, cash withdrawals, deposits and expenditures on behalf of others, bank credit withdrawals, and leasing. Problems such as account number or deposit not being credited. Review the implementation of relevant monetary fund management systems, paying attention to the implementation of original voucher review, monetary fund counting, daily collection and daily deposit, and adjustment of unaccounted items. When necessary, conduct an inventory review of funds. When reviewing foreign currency receipts and payments, attention should be paid to the calculation and amortization of exchange gains and losses, as well as whether there are any issues such as evasion of exchange, arbitrage and other violations of foreign exchange accounting and management regulations.

(2) Short-term investment.

Legality: Review and confirm whether the funds used for investment are temporarily idle funds.

Valuation: Review and confirm whether the securities sold are accounted for at actual cost; review and confirm whether the securities sold are calculated based on the market trading price on that day, and the authenticity and accuracy of their increases and decreases and the accounting of gains (losses). Integrity.

Full disclosure: The review confirms that the market price information of securities actively traded in the market has been disclosed.

(3) Receivables and prepayments.

Focus of review of notes receivable:

Classification: Review and confirm whether interest-bearing and non-interest-bearing notes are classified and accounted for; whether notes with recourse and non-recourse are classified and accounted for; Review and confirm whether due default notes have been transferred to accounts receivable.

Ownership: Find out whether the note with recourse is listed as a contingent liability of the business.

Correctness of bill interest accounting: Review and confirm whether interest income has been offset against financial expenses.

Full disclosure: Review and confirm that the accounting statements reveal all liabilities arising from the bill discount business and correctly state the net value of the balance of bills receivable minus the discount of bills receivable.

Key points of review of accounts receivable. Authenticity: Review and confirm whether the accounts receivable recorded in the account exist and whether they are recoverable claims. If necessary, confirm the accounts receivable with larger amounts. Valuation accuracy: Review and confirm whether the net value of accounts receivable is equal to the balance of accounts receivable minus bad debt provisions. The legality of bad debt provision accounting: Review and confirm whether the enterprise withdraws bad debt provisions in accordance with the prescribed proportion and writes them off in accordance with regulations. Full Disclosure: A review confirms that the accounting statements correctly reflect the balance and net value of accounts receivable.

Key points for review of prepaid accounts:

Authenticity and legality: Review and confirm whether each advance payment is based on the contract, and whether the ordered goods are all required by the enterprise for production; Correspondence to confirm prepayments for important items, and investigate long-term pending prepayments. ?

(4) Inventory.

Authenticity and completeness: Ascertain the actual existence of inventory, confirm whether the inventory of used, finished products and sold goods has been written down in time for raw materials, work in progress and finished goods, and whether the inventory has been purchased and used Whether the inventory of raw materials, work in progress and finished goods has been fully recorded.

Ownership: Review and confirm that the inventory that has been sold but not shipped, and is stored on behalf of the company, has not been included in the company's inventory account, and the inventory that has been sold on consignment and is stored on behalf of others has been included in the company's inventory account.

Valuation: Review the rationality of inventory cost calculation methods and valuation methods and the consistency of their early and late application; commodity circulation companies should also pay attention to the rationality of commodity price reduction preparation accounting.

Classification: The inventories of industrial enterprises should be classified and accounted according to raw materials, products in progress, finished products, entrusted processing materials, packaging and low-value consumables; commodity circulation enterprises should be classified according to commodity materials, packaging and Classification and accounting of low-value consumables; industrial and commercial enterprises should pay attention to the boundaries between low-value consumables and fixed assets.

Closing date: Review and confirm whether the inventory receipt and receipt business that occurs before and after the closing date is included in the correct accounting period.

Accounting accuracy: Review the consistency of the inventory general ledger and the detailed ledger and the consistency of the inventory accounts; review the company's implementation of the inventory counting system.

Legality: Find out whether the company's inventory cost calculation and valuation methods comply with the accounting system regulations, whether the company's purchase and sales business complies with the provisions of the contract and agreement, and find out whether the handling of gains and losses has been approved.

Full disclosure: Review and confirm that the accounting statements provide necessary explanations on the inventory cost calculation method, inventory valuation method and the consistency of the previous and later applications; Necessary explanations are made for the inventory.

2. Long-term investment audit.

Long-term investment refers to securities that are not prepared to be liquidated at any time and are held for more than one year, as well as other investments that are more than one year. They mainly include stock investment, bond investment and other investments. The key points of long-term investment audit are as follows:

(1) Stock investment.

Valuation: Review and confirm whether the recorded value of the stock investment is determined based on the difference between the actual payment and the dividends receivable.

Accounting method: Find out whether the equity method is used in accounting for stock investments that have actual control over the invested unit; on the contrary, whether the cost method is used. Review the correct accounting of increases and decreases in stock investments and accounting of gains (losses).

(2) Bond investment.

Valuation: Review and confirm whether the recorded value of the bond investment is calculated based on the actual payment, and whether accrued interest is deducted if it contains accrued interest; identify the bond premium and discount and use the straight-line method to amortize it before the bond matures. correctness of the pin.

Category: Find out whether accrued interest on bond investments containing due interest is accounted for separately. Accounting accuracy of increases and decreases in bond investments and accounting of gains (losses).

Full Disclosure: Review and confirm that the accounting statements describe long-term bond investments due within one year and the market value of the bonds at the end of the period.

(3) Other investments.

Valuation: Whether investments in physical and intangible assets are recorded at the value determined by asset appraisal or contract agreement.

3. Fixed assets audit.

Fixed assets refer to assets that have a useful life of more than one year, a unit value above the prescribed standard, and maintain their original physical form during use. They mainly include houses and buildings, machinery and equipment, transportation equipment, Tools and appliances, etc. The key points of the fixed assets audit are as follows:

Authenticity: review and confirm whether the sale, scrapping and damage of fixed assets are transferred to fixed assets for liquidation and offset; find out whether fixed assets transferred out of investment in other units are transferred to long-term investment ; Find out whether operating leased fixed assets increase the company's fixed assets account.

Completeness: Review the situation where completed fixed assets are not carried forward and financial lease fixed assets are not included in the fixed assets account.

Ownership: Rented fixed assets of operating and leasing nature should be distinguished to find out whether the latter has been included in fixed assets accounting; fixed assets mortgaged as debt guarantees should be determined.

Valuation: The recorded value of purchased, self-built, investment transfer, financing lease, reconstruction and expansion, donation, and surplus fixed assets should be verified separately; the calculation of depreciation and the balance of the accumulated depreciation account should be determined. Correctness in order to determine the correctness of the net fixed asset value.

Classification: In addition to reviewing the detailed accounting based on physical form, it is also necessary to identify used, unused and unused fixed assets, operating leased and financing leased fixed assets, and whether to provide depreciation or not. Correct classification of depreciated fixed assets, renovation and expansion expenditures and repair expenditures.

Account accuracy: Review and confirm the consistency of the fixed assets general ledger, detailed accounts and physical assets, and supervise and inventory fixed assets when necessary.

Legality: Review the approval procedures for increases and decreases in fixed assets; ascertain the compliance and legality of the determination of the recorded value of fixed assets, as well as the legality of depreciation methods and their use.

Full disclosure: Review and confirm that the accounting statements provide necessary explanations on depreciation methods, increases and decreases in fixed assets, asset lease mortgages, etc.

4. Audit of projects under construction.

Construction in progress refers to fixed asset construction projects and installation projects that have not yet been delivered for use, including self-operated projects, contracted projects, and equipment installation projects. The key points of the audit of projects under construction are: to review the actual cost of the project carried forward upon completion of the project. Review and confirm the legality of project scrapping and damage, trial operation business, project borrowing cost accounting and payment of fixed asset investment direction adjustment tax, identify irregularities or misrecording of project costs and related accounts, review and confirm project cost carryover and borrowing Correct cut-off date for capitalization of expenses.

5. Audit of intangible assets, deferred assets and other assets.

(1) Intangible assets refer to assets that are used by enterprises for a long time and have no physical form, including patent rights, non-patented technologies, trademark rights, copyrights, land use rights and goodwill, etc.

The key points in the audit of intangible assets are: the correctness of the valuation and amortization of various intangible assets.

(2) Deferred assets refer to various expenses that cannot be fully included in the current year's profits and losses but should be amortized in subsequent years, including start-up expenses, leased fixed asset improvement project expenses, etc.

The key points of the audit of deferred assets are: the authenticity and completeness of the start-up expense accounting, and whether there are overcounts and undercounts of start-up expenses; the amortization of start-up expenses and leased fixed asset improvement project expenses of legality.

(3) Other assets refer to special reserve materials, bank frozen deposits, frozen materials and property in litigation, etc.

The key points of the audit of other assets are: check the reasons for the formation of other assets item by item, verify the original vouchers and physical objects; find out whether there is a dedicated person responsible for management and separate accounting; the legality and accounting of account transfers and write-offs Correctness of processing.