FORMATION, CONSOLIDATION, ANALYSIS AND AUDIT OF FINANCIAL STATEMENTS OF STATE ENTERPRISES

Анотація

The article establishes that the state enterprises of Ukraine function as public and commercial enterprises according to the principles of exclusivity of state ownership; separation of functions of the state as the owner and regulator, and the state enterprise as a subject of economic activity; combination of commercial and non-commercial purposes, transparency; social responsibility, anti-corruption ideology. It was determined that state-owned unitary enterprises and joint-stock companies based on state property must prepare annual financial statements and consolidated financial statements that are subject to mandatory verification by an independent auditor. The implementation of the principle of transparency requires the mandatory publication of audited statements for the last three years on websites with a storage period of at least seven years. In addition to financial reporting, state enterprises form nonfinancial reporting to reduce the asymmetry of economic information based on a balanced system of indicators. The results of the analysis showed that state-owned enterprises in Ukraine are widespread in priority and strategic sectors of the national economy, including: defense, transport, oil and gas, mining and processing, mining, alcohol, forestry, etc. It was established that according to the Register of Large Tax Payers of Ukraine, a fifth of state-owned enterprises are unprofitable, which indicates a low level of financial state corporate management. The peculiarities of the audit of financial statements of stateowned enterprises, which is carried out by the state external and internal financial control bodies of Ukraine on the basis of international standards, which are gradually implemented in domestic practice, are characterized. The advantages of state enterprises from undergoing audit procedures have been determined; the factors that restrain the consumption of audit services are systematized, and proposals for their elimination and formation of loyalty of state enterprises to the institute of auditors are also developed. Special emphasis is placed on the organization and methodology of auditing corruption risks of state-owned enterprises and joint-stock companies in order to prevent the commission of corruption offenses.

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