1. The firm audited our company, and now we need to send a confirmation letter to the bank. How do we do this?
No certificate from any firm is required. Credit certificate and inquiry letter are different concepts. Inquiry letter is issued by the firm for company audit. The credit certificate you want must be applied by the customer at the bank where the account is opened and issued directly by the bank. It is generally divided into deposits, settlements, loans, credit, etc., and is used by enterprises to issue to other units for bidding or guarantee purposes.
You need to fill in a special application form, provide company business license, account opening permit and other supporting documents, and stamp with official seal, legal person seal and other seals. At the same time, the bank will charge relevant fees according to standard standards.
2. What are required for the audit report provided by bank loans?
There are mainly three types of statements:
Balance sheet, profit and loss statement, and cash flow statement. and analysis reports on them.
The risk points that banks are concerned about are: whether there are arbitrary changes in accounting treatment methods, whether the basis for preparing statements is consistent, whether accounting information is truthfully provided, etc.
Financial ratios: gross sales profit margin, net sales profit margin, return on net assets, inventory turnover rate, accounts receivable turnover rate, current ratio, asset-liability ratio, interest coverage ratio, quick ratio
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Net cash flow analysis: net cash flow, etc.
3. What is needed to issue an audit report
Question 1: What materials are needed for an accountant to issue an audit report? An accounting firm issues an audit The materials required for the report are as follows:
1. Accounting statement for 2020 (must be provided);
2. General ledger, subsidiary ledger, cash journal, bank journal (must be provided);
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3. Accounting voucher (must be provided);
4. Bank statement on December 31 (must be provided);
5. Inventory inventory list, Cash inventory sheet, fixed assets inventory sheet; (signature and seal)
6. Copy of business license (must be provided);
7. Capital verification report when the company was established or the latest one Capital verification report on change of registered capital. If there is a recent change of shareholders, the recent industrial and commercial change registration application should be provided;
8. Audit report of the previous year;
9. If there is a bank loan project If the unit has an external investment project, it should provide the relevant loan contract;
10. If the unit has an external investment project, it should provide the capital verification report and accounting statements of the invested unit.
Question 2: Which companies need to issue financial audit reports? Circumstances under which audit reports are required:
1. Year-end (generally, state-owned enterprises with competent departments must issue audit reports to the competent departments) ).
2. Enterprise transformation (need to be issued on the date specified in the document or legal provisions).
3. The tax bureau (this is because the tax suspects that your accounts are untrue and requires you to issue it when the tax burden is too low).
4. Leader promotion, resignation, transfer (generally when this happens to department-level cadres or the main leaders of a unit, an audit report within 3 years must be issued).
Question 3: What information is needed for the audit report? Information provided for issuing the financial audit report: 1. Balance sheet, profit and loss statement;
2. Receive a copy of the accounting voucher for paid-in capital, and stamp it with the company's official seal;
3. Fixed assets inventory sheet, inventory inventory sheet;
4. Accounting books, accounting vouchers;
5. Management statement;
6. Bank balance reconciliation statement;
7. Bank statement (mainly at the end of the year);
8. Copy of business license, company articles of association, and previous annual audit report .
9. Other information.
Question 4: The audit report requires information. Materials provided by domestic audit: 1. Copy of corporate business license 2. Accounting statements (including: balance sheet, income statement, cash flow statement) 3. Previous year A copy of the audit report "If it is less than one year old, provide a capital verification report" 4. Provide the bank statement and balance reconciliation statement on December 31, 2009. 5. If the balance of accounts receivable and other receivables is large, Provide enterprise inquiry letter 6, inventory inventory form 7, fixed assets inventory form 8. If there is a long-term investment, provide the capital verification report of the invested unit or provide certification materials issued by the industrial and commercial department 9. If there are intangible assets, provide relevant certification materials, Such as land certificates, patent certificates, etc. 10. If there are short-term loans or long-term loans, provide relevant loan contracts or relevant accounting basis 11. Provide a copy of the capital verification report for changes in registered capital this year 12. Provide a copy of the income tax return for the fourth quarter 13. Provide all accounting books and vouchers (if it is the review stage, at least 3-5 vouchers will be randomly checked for each subject) 14. Business engagement letter, client management statement (provided by the accounting firm), tax assurance report must also be provided: tax Registration certificate, labor roster (stamped with the registration seal of the Labor Bureau), all copied materials provided by the company must be stamped with the company's official seal
Question 5: What information is needed for auditing? 1. Copies of the enterprise's business license, tax registration certificate, organization code certificate, and industry qualifications;
2. Signing and sealing of the entrustment agreement; signature and sealing of instructions on audit-related matters (unified format provided) );
3. Brief introduction to the company’s basic situation and internal organization diagram of the company (paper and electronic versions);
4. Copy of the company’s internal financial accounting system; company’s internal control system Questionnaire (provide a unified format);
5. Financial statements on the base date: including balance sheet, income statement, cash flow statement, relevant schedules, summary statement and household statement;
6. Details of all assets and liabilities on the base date, including spreadsheets;
7. Cash: cash inventory sheet, special instructions for cash theft or expenses, and copies of IOUs for unaccounted expenses;
8. Bank deposits: copies of statements, reconciliation statements, and bank confirmation letters; detailed statements provide each account's opening bank, account number, and balance;
9. Accounts receivable, prepaid accounts Accounts and other receivables: The detailed table provides the name of each unit, the time of occurrence (fill in the time of the last occurrence), the content of the payment, and the balance; and provide correspondence confirmation, and provide relevant supporting documents for bad debt losses; internal personnel borrowings can Confirmed list, signed and approved by the borrower;
10. Inventory: Provide inventory list (signed by custody, person participating in the inventory, leader in charge, stamped by the unit), scrapping appraisal form, loss description, impairment provision Provision basis and proof;
11. Investment real estate: provide lease contract, ownership certificate and other information;
12. Long-term investment: fill in the details for debt investment and equity investment Table;
Among them: Debt investment provides: original investment documents, and special explanations if there are any abnormalities;
Equity investment provides: investment agreement, approval documents from superior departments or units, and Articles of Association of the investment unit, a copy of the business license, financial statements on the base date, audit reports, and special explanations if there are any abnormalities;
13. Fixed assets: fill in detailed tables according to major categories and provide an inventory list ( (Signed by the personnel of the using department, those participating in the inventory, and leaders in charge, and stamped with the official seal of the unit). In addition, the following are provided:
Houses, buildings, and land: a statistical table of the overall situation, including purchase time, real estate certificate, and land use certificate , land approval documents, land lease or requisition agreements, special instructions for scrapping or demolition, project completion accounts, etc.;
Machinery and equipment: provide a detailed list, fill in the name, specification model, purchase time, quantity and Copies of purchase invoices and instructions for large equipment;
Transportation means: Provide a detailed list, fill in the name, specifications and models, purchase time, quantity, and a copy of the vehicle's driving license;
14. In Construction project: Financial details are provided, and three permits to start construction are provided.
and the settlement statement of the completed project;
15. Intangible assets and deferred assets: List the overall situation and make a special explanation;
16. Long-term and short-term loans: provide details Form, combined with bank inquiries and confirmations of the loan amount and interest arrears; copy the loan contract;
17. Accounts payable, accounts payable in advance, and other payables: the detailed form provides the name of each unit, occurrence Time (fill in the time when the last payment occurred), payment content, and balance; if the debtor unit no longer exists, provide relevant certification documents;
18. Employee benefits payable: provide instructions for additional withdrawals, "five insurances" "Yijin" provides correspondence information;
19. Taxes payable: tax returns
20. Equity: paid-in capital: Provide previous capital verification reports, shareholder meeting resolutions, etc. ; Undistributed profits: Provide shareholders' meeting resolution.
21. Articles of Association
22. Other information: Subsidy documents
Question 6: Is the audit report required every year? 1. First of all, it depends on the registered capital of the company. More than 10 million must be paid out in the first three years;
2. When you pass the online pre-examination during the annual industrial and commercial inspection, you will be given a catalog to prepare the materials. If there is a re-audit, just do it;
3. For enterprises with a capital of more than 10 million yuan, the tax agency will issue an "Income Tax Settlement Report", and the administrator will notify this in advance;
4. For bank loans, you only need to provide a copy of the audit report. Presumably, the financial statements you issue cannot be provided to the bank 100% according to the actual situation. If there are any modifications, it is impossible for a general firm to not issue a report according to the actual situation. So we need to find another way.
Personal opinions are different, for reference only \(^o^)/~!
Question 7: What kind of companies need audit reports? 1) One-person limited liability company (that is, a natural person sole proprietorship or a private limited liability company); 2 Ding foreign-funded enterprises 3) Listed joint-stock companies; 4) Companies engaged in finance, securities, and futures; 5) Enterprises with long-term debts or losses 6) Companies engaged in insurance, venture capital, capital verification, evaluation, guarantee, real estate brokerage, entry-exit intermediaries, expatriate labor agencies, and enterprise registration agents; 7) Companies whose registered capital is paid in installments but not fully paid; 8) Within three years Companies that engage in illegal activities such as falsely reporting registered capital, making false capital contributions, or evading capital contributions. The audit report submitted by the enterprise can be an audit report on the enterprise's financial accounting report, or an audit report on the enterprise's annual balance sheet and profit and loss statement.
Question 8: Why do companies issue audit reports? This is external supervision of the enterprise and an important step in reviewing and supervising the enterprise. External professionals will review and issue opinions on the enterprise's accounts and operations, and share responsibilities and risks with the enterprise. In this way It can ensure the authenticity and effectiveness of corporate information to a greater extent.
Question 9: Under what circumstances is it necessary to issue an audit report? Under what circumstances is it necessary to issue an audit report?
Answer: Under normal circumstances, an audit report must be issued after the audit is completed, but who should submit the audit report depends on the specific issues of the audit.
Question 10: Do all corporate annual reports need to issue an audit report? If no one needs it, don’t issue it. The annual report audits we refer to generally require audits only when listed companies and large state-owned enterprises need to provide external reports of their operations over the past year. No one in our small unit needs your information, and generally no audit is required.
4. What are required for the audit report provided by bank loans?
There are mainly three types of cash flow statements. and analysis reports on them. The risk points that banks are concerned about are: whether there are arbitrary changes in accounting treatment methods, statement preparation information, etc. Financial ratios: gross sales profit margin, net sales turnover rate, accounts receivable turnover rate, current ratio, asset-liability ratio, interest payment ratio, quick ratio Net cash flow analysis: net cash flow, etc.