UDC 336.13.051(477); JEL M20, M41
Datsenko, H. (2020). Problemy otsinky finansovoho stanu pidpryyemstv za rezul'tatamy audytors'koyi perevirky [Assessment problems of the financial condition of enterprises according to the results of the audit]. In Sotsial'no-ekonomichni problemy suchasnoho periodu Ukrayiny [Socio-Economic Problems of the Modern Period of Ukraine]: Vol. 145 (5) (pp. 29-33). DOI: https://doi.org/10.36818/2071-4653-2020-5-6. [in Ukrainian].
Sources: 8

Authors



Datsenko Hanna Vasylivna

Doctor of Economics, Associate Professor

Head of the Department of accounting and taxation of the Vinnytsia Institute of Trade and Economics of Kyiv National University of Trade and Economics

Contacts: datsenko.av.82@gmail.com, datsenko2017@ukr.net

Webpages:

Resume

The relevance of the article lies in the importance of conducting an audit in assessing the financial condition of industrial enterprises as a basis for effective internal control and effective operation and development of the enterprise. The main purpose of the study is to determine the conceptual basis of the organization and conducting an audit to assess the financial condition of the enterprise, identify the main problems of assessing the financial condition of enterprises based on the results of the audit, and develop the ways to overcome them. The paper emphasizes the importance of audit as one of the methods of internal control, which ensures the prevention of abuse and timely response to identified deficiencies in order to prevent them in the future, thus ensuring a high level of the financial condition of the enterprise. The main tasks of organizing and conducting an audit at the enterprise are determined. The general stages of the audit of the financial condition of the enterprise are outlined, including the preparation and planning of the audit, audit sampling and audit procedures, evaluation of the results of audit procedures, and preparing the auditor’s report and opinion. The main shortcomings of industrial enterprises, which lead to a violation of their financial condition, are studied. According to the results of the research, the main problems, causes, and ways to overcome the negative trends identified by the results of the audit of financial statements of industrial enterprises are determined. The paper emphasizes the importance of conducting an independent audit of the financial condition, which allows managers to ensure the veracity of information about the financial condition; analyzing the indicators of financial condition and ways to improve them; exercising control over the correctness of accounting and compliance with financial reporting indicators; avoiding falsification of financial statements and fraud by employees; establishing compliance of the enterprise’s activity and accounting with the current legislation.

Keywords:

internal audit, audit, financial reporting, internal control, production and economic activity, enterprise

References


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