AUDIT OF FINANCIAL RESULTS: ORGANIZATIONAL AND METHODOLOGICAL PRINCIPLES OF CONDUCT

Анотація

The purpose of the article is research and generalization of organizational and methodical approaches to the audit of financial results and development of directions for their improvement. The purpose and tasks of the audit of financial results are revealed in the article. The levels of the legal framework used during the audit are defined: the first - codes and laws of Ukraine, the second - accounting and auditing standards, the third - branch regulations, the fourth - regulatory documents at the enterprise level. The sources of the audit are highlighted, which are grouped into basic documents that regulate the accounting of financial results. These include primary documents, accounting registers, financial reporting, tax reporting, and non-financial reporting. Approaches to the audit of financial results based on the results of research by domestic scientists are analyzed. The stages of the audit are defined (organizational, preparatory, main (technological), final). The sequence of planning the audit of financial results is proposed, which includes the collection of information about the financial and economic activity of the enterprise, the analysis of the main economic indicators, the verification of the mutual consistency of the indicators of the financial reporting forms, the determination of the level of materiality and the assessment of the audit risk, the assessment of the state of the internal control system, the drawing up of the plan and the verification program. Approaches to the development of an audit program (accounting, legal, industry) have been determined. Possible errors detected by the auditors during the inspection were analyzed (violations in determining the cost of works and services, display of interest received from the bank, write-off of general production costs, display of errors of past periods in financial statements). An algorithm for checking the comparability of the Balance Sheet and the Statement of Financial Results is presented. A format for summarizing the results of the audit of financial results is proposed, which will ensure the visibility of the work performed by the auditors and the control of detected errors, violations and remarks.

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