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<\/figure>\n\n\n\nA retail audit is an effective tool for monitoring changes\nin a company’s position in the market and the activities of competitors, which\nallows you to develop options for solving the company’s problems related to the\nmarketing mix. <\/p>\n\n\n\n
If we talk about conducting a retail audit of a particular\ntrading enterprise, then in this case the study is aimed at the business\noperations of the audited entity.<\/p>\n\n\n\n
The cycle of sales, income generation and the formation of\nfinancial results at retail enterprises covers a variety of business\noperations, the largest share of which is occupied by those related to the sale\nof goods to consumers. <\/p>\n\n\n\n
The economic processes of this cycle play the main role in\nthe formation of the results of the economic activity of a trading enterprise,\nthey are the initial basis for calculating taxes, etc., and therefore, their\nreliability is very important. This circumstance is determined by the main\npurpose of audit activity.<\/p>\n\n\n\n
The purpose of the audit of retail sales is to establish the\nreliability of the reflection in the accounting and reporting system of\ntransactions for the sale of goods and the compliance of the rules for\nconducting these transactions with the requirements of the current legislation.<\/p>\n\n\n\n
The objectives of the audit of the sale of goods by\nretailers are:<\/p>\n\n\n\n
- verification of documents confirming the\ntransfer of ownership of goods from the seller to the buyer (a retail sale\nagreement is considered concluded from the moment the seller issues a cash\nregister, sales receipt or other document confirming payment for the goods to\nthe buyer);<\/li>
- checking the correctness of settlements with\nbuyers for the goods sold;<\/li>
- control of compliance with the legislation in\nterms of the use of cash registers in settlements with customers;<\/li>
- checking the correspondence of the reflection in\nthe accounting of operations for the sale of goods, the correctness of\ndetermining the proceeds from sales and the amount of VAT and excise taxes to\nbe transferred to the budget;<\/li>
- checking the correctness of writing off sales\ncosts as expenses of the reporting period for compliance with the\norganization’s accounting policy and the requirements of current legislation;<\/li>
- control over the reliability of determining the\nfinancial result from the sale of goods.<\/li><\/ul>\n\n\n\n
For a successful audit of the cycle in question, the Retail audit companies take an idea of \u200b\u200bthe nature and characteristics of the markets for goods by an economic entity, the competitive situation in these markets, and the solvency of consumers. <\/p>\n\n\n\n
When checking the implementation cycle, the auditor, on the\none hand, has internal sources of evidence (information received from the\nclient in writing or orally).\n\nOn the other hand, external (information\nreceived from a third party in writing), as well as mixed sources of evidence\n(information, received from the client in writing or orally and confirmed by a\nthird party in writing, for example, confirmation of the amount of\nreceivables).\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
Retail trade is the final stage of commodity circulation, trade in goods and provision of services to customers for cash. In a broad sense, a retail audit is a regular study that is carried out directly at the point of sale and allows you to track the volume of product markets, brand shares, distribution, retail…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[21,27,25,34,26],"class_list":["post-300","post","type-post","status-publish","format-standard","hentry","category-retail-audit","tag-retail-audit-companies","tag-retail-audit-companies-in-delhi","tag-retail-audit-firms-in-delhi","tag-retail-audit-firms-in-india","tag-retail-audit-service-providers"],"_links":{"self":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/comments?post=300"}],"version-history":[{"count":1,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/300\/revisions"}],"predecessor-version":[{"id":301,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/300\/revisions\/301"}],"wp:attachment":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/media?parent=300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/categories?post=300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/tags?post=300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}