The audit of current biological assets Livestock is the definition of completeness, timeliness and accuracy of the reflection data on changes in current biological assets in the primary documents, registers, analytical and synthetic accounting, and also in the form of financial statements and their conformity with the accounting policies and applicable laws. Before beginning an audit of current biological assets auditor should develop a plan of inspection and define its stages. At the initial stage of an audit of current biological assets necessary to conduct verification of the Order of the accounting policies the company to establish the facts determine the rules and regulations reflect the biological assets in the enterprise. See more detailed opinions by reading what Andreessen Horowitz offers on the topic.. Further, it is appropriate to make an inventory, which is carried out by means of the customer and under the supervision of auditors. When it conducting guided Methodical recommendations for the. Inventory of current biological assets include the following steps – edge, measurement and calculation, which carries out stocktaking group in the stacking order current biological assets in the enterprise and validation assessment of the current biological assets (at fair value).

The results of the inventory of current biological assets make out appropriate inventory records. Decorated inventory lists passed to the accounting department to prepare the inventory slichitelnoy. The auditor checks the correctness of filling slichitelnoy statements and the authenticity of records made by workers in her accounts with the data of the primary accounting. By slichitelnym statements validates credit shortages, surpluses, the written decision the results of inventories.