How do financial personnel review contracts

(1) Evaluation of contract performance ability. Generally speaking, accountants are not responsible for the investigation of contract performance ability, but they should review the investigated situation, including verifying copies of various company certificates and other review means, such as online investigation and telephone inquiry.

(two) review the written expression of the terms of the contract. Although it is not the accountant's responsibility to review the written expression of contract terms, it should also be reviewed. The written expression of the contract terms is very strict. Generally speaking, the standard format of a contract with a standard format does not need to be audited, but the nonstandard contract text should be carefully revised to accurately express economic behavior in words. ?

(3) Review the quantity and quality terms of the subject matter. In the procurement contract, the procurement quantity, procurement time and quality standard of the subject matter should be carefully examined.

(iv) Review payment settlement clauses. The payment and settlement clause in the contract is one of the most important clauses in the contract, and it is also the key content that financial personnel must review.

Extended data:

Audit of special matters

For the lease contract, it is necessary to judge whether the lease form conforms to the enterprise asset management norms. For example, some enterprises stipulate that any form of financial leasing may not be carried out without approval; For the core equipment involved in enterprise market competition, assets may not be acquired by lease; Operating lease mode should be economically feasible.

The related party transaction contract shall examine whether related party transactions are involved and whether the amount of related party transactions meets the requirements of the enterprise; If it is a related party transaction, whether the contract amount is within the scope of the remaining related party transaction amount in the year.

Donation and sponsorship contracts should pay attention to tax-related matters of transactions. According to the requirements of pre-tax deduction of enterprise income tax, non-advertising sponsorship fees and non-public welfare donations shall not be deducted before enterprise income tax.

For contracts involving deposits or deposit clauses, the way of issuing deposits or deposit receipts should be reviewed.

References:

Baidu encyclopedia-contract review