The goals of an initiative audit are to detect disadvantages of the current accounting system or reporting, to analyze the financial state of an organization and to work out recommendations which will lead to an increase of the overall activity effectiveness.

The content, character and volume of the necessary auditing procedures as well as the way in which the outcome is presented may lead to:

• Audit of financial reports
• Audit  of reorganizations and mergers
• Inventory of property and liabilities
• Compliance assessment of certain articles of reporting
• Expert review of economic agreements