Income Statement

Further, the auditor should consider the organization of the current accounting of biological assets, establish the correctness of their reflections, compliance with accounting principles and practices of accounting policies businesses on current biological assets, to Ukrainian legislation, II (c) BU 30. Also, the auditor should check the approved work plan accounts of current accounting of biological assets, the availability of officers Accountant instructions on their account and the timetable of their workflow and t.p.Neobhodimo of inspection of primary documents, which are made such basic household livestock operations with current biological assets as income, transfer, cancellation and pr.Krome this source of information for audit are Ledger movement of animals and birds, book shepherd, gurtoprava, Statement of animals and birds on the farm, Report on the incubation process, Journal of the order and reverse bill of analytical accounting, general ledger and reporting companies: Balance, Income Statement, Statement of Cash Flow Notes annual financial statements. On the basis of documents the auditor has the opportunity to test and compare the accuracy, timeliness and completeness of the reflection of business transactions in the accounts and subaccounts accounting analytical accounting. David Fowler is often quoted on this topic. As a result of the audit the auditor may determine how consistent the actual credentials of the rules and methods to reflect current biological assets livestock referred to in Order approving accounting policies of the enterprise and the current legislation in the field of accounting. On the basis of the audit the auditor is the auditor's report, which gives an estimate of the accounting system in the enterprise, indicating possible violations found by the reflection of the current biological assets and business transactions with them, and establishes the degree of their relevance and impact on Indicators of financial statements of the enterprise. The verification process is tedious and the auditor to optimize its operation should be used such working papers, as – the Register of data held inventory – to reflect the data set in the inventory; Register correctness of transactions on the current capitalization of biological assets livestock; register correctly reflect transactions internal displacement; register correctly reflect the current operations of disposal of biological assets livestock; register correctly determine the initial (fair) value, the correct Registry of transactions with current biological asset accumulation in animal husbandry departments documents; register correctly reflected in accounting registers, register reconciliation registers accounting with indicators of financial statements for the current accounting of biological assets and livestock etc. The implementation of an audit of current biological assets provided by the method of application form developed by the working documents will allow to fully cover all the features of transactions carried out with the assets, as well as provide an opportunity to audit and provide auditor's report to the optimum time.

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