Financial Records " Missing " How To Restore Enterprise Materials?

At present, companies are in the process of closing accounts at the end of the year. If the historical financial information is stolen or stolen for various reasons, many business managers will be concerned about the impact of incomplete financial information on the annual reports and how the external auditors should perform the audit work and the audit opinions that may be issued.

China's accounting law has clearly stipulated that all units should establish archives for accounting vouchers, accounting books, financial accounting reports and other accounting materials, and keep them properly.

The person in charge of the unit is responsible for the accounting work and the authenticity and integrity of the accounting information.

The basic norms of enterprise internal control further require that the accounting system control of listed companies requires enterprises to strictly implement the unified accounting standards system of the state, strengthen the basic accounting work, clarify the handling procedures of accounting vouchers, accounting books and financial accounting reports, and ensure the true and complete accounting information.

According to the definition of China's auditing standards, accounting records are important sources of audit evidence.

The guidelines also clearly stipulate that if the scope of the audit of Certified Public Accountants is restricted, the impact may be very significant and extensive, so that sufficient and appropriate audit evidence can not be obtained, so that audit opinions on financial statements can not be published.

At the same time, when certified public accountants issue opinions on internal control audit of corporate financial reports for listed companies, it is necessary to assess whether the reasons for theft or theft of historical financial data are ultimately caused by management fraud or ineffective internal control.

Consider the impact of internal control audit opinion based on the results of the evaluation.

It may be an internal control audit report that is limited in audit scope and can not express opinions, or because there are major defects in internal control of financial reports.

Negative opinions, or internal control audit opinions with major defects in internal control of non-financial reporting.

The main purpose of external auditors to provide audit services for enterprises is to issue forensic opinions on historical financial information. Therefore, the integrity of historical financial information that constitutes audit evidence is of vital importance to auditors.

Historically, there has been an external auditor unable to obtain sufficient and appropriate audit evidence to confirm the authenticity of corporate financial information, and has issued an audit report which can not express opinions on the annual financial report of the enterprise.

And after the intervention of the regulatory authorities, the listed companies eventually suffered the suspension.

However, from practice, we understand that missing historical financial data is not entirely without countermeasures.

According to the application guideline of Auditing Standard No. 1301st audit evidence, the audit evidence is described in terms of adequacy and Appropriateness. Audit evidence is cumulative in nature, mainly through the implementation of audit procedures.

Program acquisition may also include information obtained from other sources.

For example, some of the original vouchers and inventory records of a company were unfortunately engulfed by the fire. The management of the company finally realized the reduction of financial information through unremitting efforts.

The specific procedures are as follows:

1, the company to a large number of

The current balance and annual purchase volume are certified, and the bank paction vouchers of the relevant settlement are obtained as the substitute materials for historical procurement of financial information.

2. The procurement information can also be used as a supporting evidence for inventory warehousing.

3, the company also successfully restored the historical sales financial information through the accounts receivable and balance sheet receipts recorded in the bank statements before the paction with customers.

4, CPA can understand, evaluate and test the internal control of the company in the process of restoring accounting records, such as testing whether the company has internal controls to ensure the completeness of alternative data, whether internal controls ensure the accuracy of alternative data, etc.

5, certified public accountants obtain the corresponding audit evidence by implementing the audit procedures of the above-mentioned reduced accounting records, such as the implementation of analysis procedures and review procedures, the implementation of the procedures for rewriting the financial reporting process, the adjustment and classification of the same accounting information, the obtaining of testimony materials from independent sources of audited units, and the receipt of letters of inquiry from third party suppliers.

The above substitute data and the corresponding audit evidence obtained by the CPA through the execution of audit procedures can be used as effective audit evidence.

The person in charge of a company is legally responsible for the authenticity and integrity of the accounting work and the accounting information of the enterprise. The enterprise should formulate a complete internal management method. In daily management, we should pay more attention to the custody of the paper financial data and make timely backup of the electronic financial information so as to ensure the safety and integrity of the information.

In case of lack of historical financial data or other circumstances of force majeure, enterprises should discuss practical and feasible solutions in time, and consult relevant departments and experts to avoid delays in the company's annual reports and other related matters.

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