The accounting entries for audit fees are as follows:

Enter management fees - audit fees/others.

According to the relevant provisions of the Accounting Standards for Business Enterprises and the Accounting System for Small Businesses, the financial statement audit fees incurred by the enterprise due to bank loans and industrial and commercial annual inspections every year should be included in the "administrative expenses" account, specifically included under the administrative expenses. Which details can be decided according to your own situation.

Some units include "management expenses - audit fees".

Some are included in "administrative expenses - other".

If included in "administrative expenses - other".

It is recommended that the summary should clearly state the audit fees to facilitate future audits.

Basic definition of auditing:

Auditing refers to the pre- and post-event conduct of major projects and financial revenues and expenditures of governments at all levels, financial institutions, enterprises and institutions by special agencies in accordance with the law. Review of the independence of economic supervision activities.

Audit is a full-time agency and personnel authorized or entrusted by the state, in accordance with national regulations, auditing standards and accounting theories, using specialized methods to conduct audits on the finance, financial revenue and expenditure, and business management activities of the audited unit. It is an independent agency to review and supervise the authenticity, accuracy, compliance, legality and effectiveness of relevant information, evaluate economic responsibilities, and authenticate economic business, in order to maintain financial laws and regulations, improve business management, and increase economic efficiency. sexual economic supervision activities.