After accepting the entrustment of an enterprise, our office generally carries out the preparation for assets verification according to the following steps: (1) Set up an assets verification project team composed of department managers (partners), project managers and assistants. In this group, senior auditors with many years of audit experience in state-owned enterprises strictly control their work, supplemented by diligent and serious assistants with rich audit and accounting experience and skilled computer technology and necessary engineering and technical personnel. (2) Collect relevant information on assets and capital verification. Including the relevant documents, policies and measures issued by the Ministry of Finance, as well as the work plan of assets verification of related enterprises. (3) The members of the project team carefully study the collected assets and capital verification materials, strive to deeply understand the policy connotation through discussion and questioning, and consult and ask for instructions from the Ministry of Finance in advance on policy doubts and operation methods (even including the preparation methods of declaration documents, statements and evidence and the cross-checking relationship of indicators). ), so as to understand the connotation and extension of the assets and capital verification policy more comprehensively and profoundly. (4) After receiving the feedback from the Ministry of Finance, cross-training will be conducted among project team members, so that each member can deeply understand the policies related to assets and capital verification. (5) Fully understand the basic situation of customers, and make clear the concerns and risks of customers. (six) to formulate detailed internal operation execution documents such as the working procedure control chart of the firm, the preparation methods and requirements of the working papers.

▲ Implementation stage

The work in the implementation stage includes the following aspects: (1) Strive to make the firm a communication channel between the Ministry of Finance and enterprises, provide policy advice to enterprises, assist enterprises to formulate implementation plans, and grasp the progress of work. If we can learn more about the enterprise on the basis of working out the assets and capital verification plan and scheme with the head office, we can sort out the assets and capital verification related documents and materials issued by the Ministry of Finance and send them to the subsidiaries, explain the relevant requirements and operation methods of the assets and capital verification policy of the Ministry of Finance in detail, answer the questions raised by the relevant personnel of the subsidiaries according to the actual situation of the company, classify and summarize the typical matters, then consult the Ministry of Finance and convey them to the subsidiaries after receiving the reply. (2) To guide the asset inventory of each subsidiary. During the asset inventory of subsidiaries, we discussed the specific problems encountered by related subsidiaries with the head office many times, and asked the Ministry of Finance for instructions on new matters many times, taking the minutes of phased talks as the operational basis for assets verification. Combined with professional practical experience, the policy is detailed, and everything specific to the company is explained in detail. At the same time, urge the company to grasp the progress of assets verification and remind the subsidiaries to pay attention to the time limit requirements. With our help and supervision, all subsidiaries reported the asset inventory data to the Head Office on time, which created conditions for the joint audit between the Head Office and us. (3) Review the asset inventory data of all subsidiaries together with the Head Office. After a preliminary review of the asset inventory data of subsidiaries, according to the policy requirements of the Ministry of Finance, our institute divides the items that basically meet the conditions for loss declaration into two categories: one is that the funds have been collected and can be directly declared; First, it is necessary to implement corresponding audit procedures to collect further evidence. At the same time, according to the location distribution and loss types of each subsidiary, the matters that must be supervised and verified are separated, and the geographical distribution table of the field review of assets and capital losses is determined, which provides ideas for field review and evidence collection. (4) On-site audit and evidence collection to confirm the loss reporting. In the case of reaching an agreement with the head office, we first selected subsidiaries with relatively comprehensive loss types to conduct on-the-spot audit pilots, mainly to check the losses of inventory and fixed assets, and at the same time complete audit procedures such as confirmation and inquiry of bad debt losses and investment losses. On the basis of the pilot, comprehensively review the property losses of subsidiaries on the spot, determine the loss reporting items, and collect relevant evidence. At the same time, for projects that basically meet the conditions for reporting loss but lack relevant evidence, they will be left as openings, and the subsidiaries will report the loss after collecting it completely within a certain period of time. In this way, the loss reporting items of the head office have been basically determined, the relevant audit procedures have been implemented, and the field verification work has been basically completed. (5) Discuss the evidence, summarize the audit data, prepare the report, prepare the report and complete the declaration. For the loss reporting project to be reported to the Ministry of Finance, the project manager conducted multi-level audit with department managers and quality management personnel in the hospital. According to the requirements of the Ministry of Finance, the evaluation report is described in a pertinent and appropriate way for the projects with clear loss nature and incomplete evidence. At the same time, the company has compiled the Capital Verification Report, Assets Verification Report and other related materials, which are submitted to the Ministry of Finance by the chief editor.

▲ Follow-up work

1. Cooperate with the Ministry of Finance and the enterprise to complete the tripartite joint review, and finally confirm the loss write-off items and amount.

2. Provide extended services on the basis of fully understanding the customer's situation. In the process of assets verification, we keep in mind the basic responsibilities of service and provide high-level professional services for enterprises. For example, in view of the poor efficiency of its subsidiaries, this paper puts forward pertinent suggestions on its restructuring, rationalization suggestions on its asset management and other related financial management systems, analyzes the industry situation and characteristics, puts forward written suggestions for the company to "get out of the predicament", and conducts on-site training for relevant financial personnel of the company, which has won unanimous praise from all subsidiaries.

▲ Some thoughts on assets verification.

1. About the scope of assets and capital verification. In order to prevent the loss of state-owned assets, the Ministry of Finance takes legal and key external evidence as the standard when writing off losses, and the conditions for writing off losses are very strict, which leads to that a large part of the actual losses of enterprises cannot be written off according to the Ministry of Finance's policy of assets verification, especially for state-owned enterprises with serious management. In my opinion, it should be one of the prerequisites for state-owned enterprises to carry out assets verification if enterprises can continue to operate or some economic resources still have independent operating value. If the enterprise has gone bankrupt, it should not carry out assets verification, because the exit problem of the bankrupt enterprise has not been finally solved. If the state-owned enterprises can't continue to operate, they will file for bankruptcy. However, the bankruptcy of large and medium-sized state-owned enterprises is subject to indicators, conditions and approval. Once the bankruptcy resettlement of enterprise employees is considered, bankruptcy may not be implemented. For example, at least four or five subsidiaries of the companies inspected by our hospital have been poorly managed for many years, and employees' wages have not been paid for a long time, and the enterprises have essentially gone bankrupt. Although the state-owned enterprises whose enterprises are close to bankruptcy can solve some superficial local problems through assets verification, it is not conducive to the fundamental solution of the problems. Moreover, bankruptcy is carried out on the basis of stopping operation, while assets verification is carried out on the basis of continuous operation, which leads to great differences in the confirmation of enterprise losses, and ultimately cannot reflect the real situation of state-owned enterprises. Therefore, assets and capital verification should also be linked to enterprise restructuring, that is, the amount of state investment is verified through assets and capital verification to match other types of investment, which will neither overestimate the actual resources of the country nor prevent the actual loss of state-owned assets.

2. About the relationship between assets and other audit businesses. The verification of asset losses is different from the general annual review. The general annual audit is a sampling audit, while the assets verification is a detailed audit of various asset inventory gains, property losses and capital losses, paying more attention to the evidence that meets the policy requirements of the Ministry of Finance. In addition, verification of asset losses belongs to the category of enterprise property loss appraisal audit, but it is also slightly different. The property loss assessment audit is mainly based on auditing standards and accounting standards for enterprises, and the property loss assessment in assets verification should be based on the above standards and the provisions of the assets verification policy of the Ministry of Finance. Only the property losses that meet the requirements of the Ministry of Finance's assets verification policy are necessary to be verified. Therefore, in the work of assets verification, it is necessary to weigh the policy grasp and professional judgment. We should maintain due professional sensitivity, adhere to the principles of independence, objectivity and impartiality, firmly grasp the time limit of the benchmark date of assets and capital verification, and use audit methods such as inspection, supervision, confirmation, observation, analysis and review to verify the loss declaration, and strive to check the country and reduce the burden.