Efficiency Audit of Organization and Tax Accountig

Nowadays there are several approaches to organize tax accounting in companies; however, there are no procedures for assessing the effectiveness of each of them. Efficiency Audit of Organization and Tax Accounting is one of the ways to determine how a certain method of tax accounting functions economically, efficiently and effectively, what risks and events lead to an increase in costs and what are the options for reducing them. The purpose of this work is the developing of Informative and Methodological Support of Organization and Tax Accounting Efficiency Audit, and approbation of audit procedures by the example of pharmaceutical companies: JSC Nizhpharm and JSC Natsimbio. The results of the research showed that the organization of tax accounting as a subsystem of financial accounting has advantages over an autonomous approach. In particular, transactional tax expenses that determine the time and material costs in organizing and tax accounting are significantly higher in the company of Nizhpharm JSC, which uses an autonomous tax accounting system than in JSC Natsimbio, where the tax accounting is organized as a subsystem of the accounting. In this connection, for the company Nizhpharm have been developed practical recommendations that allow reducing the time spent on performing certain procedures, reducing tax risks, avoiding the growth of the errors probability. The paper consists of 3 chapters and 144 pages. The first part is devoted to the development of criteria and methods for auditing the effectiveness of organization and tax accounting. The second chapter contains an analysis of statutory enactments that regulate the processes under assessment, and a comparative description of the analyzed organizations activities. The last part is aimed to developing of efficiency audit plan and strategy and approbation of its procedures.