Procedures and methods of audit financial stability and solvency of the enterprise
Journal Title: Формування ринкових відносин в Україні. Збірник наукових праць - Year 2018, Vol 5, Issue 5
Abstract
Subject of research - a set of theoretical and methodological features of the application of procedures and methods of audit of financial stability and solvency of the enterprise. The purpose of writing this article is to substantiate the theoretical aspects of implementing procedures and methods for auditing financial sustainability and solvency of an enterprise. Methodology of work - general scientific and specific methods were used, in particular, economic-logical methods and methods of economic analysis; Graphical and tabular method was used for visual representation and generalization of the results of the calculations. The results of the work - analyzed the factors influencing the choice of audit procedures, the classification of audit procedures, the generalized principles and rules for the compilation of control tests, the procedures are described and classified in essence in the audit work, outlined the functions and classification of analytical procedures that are used in the audit of financial sustainability and solvency of the enterprise. Conclusions - the basis for an audit of financial soundness and solvency of an enterprise is the application of audit procedures and techniques. Their use reduces the level of audit risk, improves the quality of the audit and shortens the time it takes to conduct it. The main audit procedures used in the audit of financial sustainability and solvency of the enterprise are re-calculation and re-execution, requests, confirmation and analytical procedures.
Authors and Affiliations
N. KOTSERUBA
Keywords
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- EP ID EP364360
- DOI 10.5281/zenodo.1304213
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