Accounting and Auditing of VAT Budget Returns

The final qualifying work contains a study of the system of accounting and audit of settlements with the budget for VAT. VAT is the most common tax and almost all economic entities are faced with it, in this paper, the system of calculating and paying VAT for a trading and manufacturing enterprise LLC "Volga-Mebel" is considered. The aim of this work is a detailed study of the specifics of accounting and auditing payments to the budget by VAT and the composition of the sequence of the procedures checking the account of calculations with the budget for VAT in a particular enterprise. The current system of normative regulation of accounting and audit of settlements by the budget for VAT is considered. A comparative analysis of approaches to the main elements of VAT in Russia and foreign countries is carried out. In the work describe the process of accounting for VAT transactions by the example of LLC "Volga-Mebel". The work consists of a compiled and tested audit program for the reporting company. During the development of the audit program for settlements with the budget for VAT, the level of materiality of information was calculated using the example of Volga-Mebel LLC, the reliability of the internal control system was determined, and the audit sample was conducted. In the part of approbation of procedures at the enterprise, an analysis of errors in accounting of payments with the budget for VAT was made and recommendations for their correction were given. At the end of the work, proposals were made to improve the VAT accounting at the company.