Voluntary audit

Operational Audit in Ukraine

An operational audit in Ukraine assesses a company's activities for their effectiveness and productivity. It aims to control business processes and the implementation of specific estimates, business plans and target programs. It is sometimes called a managerial audit. The target of the examination is to analyse the overall economy or individual activities of an enterprise. Based on the results of its operational audit, the company receives recommendations on ways to improve its activities.

Goals and Objectives of an Operational Audit

The audit involves an examination of the company's accounts, its organisational structure, production methods, marketing and HR management and image-related policies.

An operational audit includes an evaluation of:

• Rational use of assets and human resources
• Reasons for unproductive work
• Compliance with the laws and regulations

The audit of a target program determines its level of goal achievement or its profit size set by the project's sponsors. Such an analysis helps assess the effectiveness of compliance with the regulations developed for the project.

An operational audit identifies and eliminates the causes of reduced productivity and quality, which negatively affect the company's financial and economic performance. Business owners benefit from the audit as it helps assess the companies' future risks and directions for constructive development.

The audit performs three concurrent tasks:

• Controls the activities that affect the output
• Identifies the company's defects and shortcomings
• Foresees the potential risks

Where to Apply for an Operational Audit in Kyiv

The PETTERSON & BENNETT accounting firm provides operational auditing services to small, medium-sized and large businesses in Ukraine. Our auditors perform the assigned tasks on time and in full accordance with national and international standards.

Our services include:

• Expert examination
• Consulting on the accounting, reporting, taxation, financial and economic activity and other relevant issues for both individual entrepreneurs and business entities

To apply for our operational auditing services, we will need your:

• Financial statements
• Bookkeeping policies
• Primary executive documentation
• The operational audit may also include an evaluation of:
• Production costs
• Legal compliance
• Capital investments
• Tax calculations
• Financial transactions with the third parties
• Potentially dubious transactions
• Rational use of assets
• Economic sense of the tariff changes
• Transaction productivity
• Excesses and shortages in the assets inventory

The operational audit in Kyiv identifies the incomplete production, latent financial assets, physical inventories and finished products and the potentially fraudulent executive management activities. We provide our clients with detailed reports that include our audit results, conclusions and recommendations for further optimisation of the company's financial activity.

Our fees depend on the type of enterprise in question, the number of employees, taxation scheme and the complexity of required auditing. Our regular clients are eligible for discounts and flexible payment plans.