Analytical Procedures of Auditing Within the Framework of Raising Standards for Its Quality Control

Abstract

. Under the current conditions of economic development, it is important for owners and shareholders to obtain an independent expert assessment of the effectiveness of the entity’s business. In connection with this, there is a need for wider application of analytical procedures in the audit. In the article the essence, levels and types of analytical procedures of audit are examined, peculiarities of application of analytical procedures during audit in the current conditions of development of the economy of Ukraine are determined. The necessity of improvement of analytical procedures of audit in conditions of increase of requirements to control its quality is substantiated. The shortcomings of estimation of financial stability of the enterprise are determined. In addition, the financial stability of the entity is determined by comparing the actual and optimal values (criteria) of the respective coefficients. The criteria used in programs are generalized and do not take into account the industry and the specifics of the enterprise. Such an assessment of financial stability in many cases does not actually reflect the actual situation on the subject of management. This is due to the fact that the majority of relative indicators of financial stability are determined by the ratio of own and attracted capital, while not taking into account their structure and peculiarities of formation. In addition, the financial stability of an entity is determined by comparing the actual and optimal values (criteria) of the respective coefficients. The criteria used in these programs are generalized and do not take into account the industry and the specifics of the entity’s activities. When applying modern information technology in the audit, we must carefully approach the choice of software products and the final interpretation of the results. In the article proposes a refined and expanded list of optimal values (criteria) of indicators of financial stability, taking into account the specifics of different branches of the national economy. An auditor in assessing the financial sustainability of a business entity — the customer, it is also advisable to take into account the features of his activity and, depending on this, adjust the criteria. To improve the quality of the audit, the use of analytical procedures should be adequate to the objectives and objectives of the audit, and the costs of their conduct should be correlated with the results obtained.

Anti-corruption audit as an imperative of effective environmental management

“…Zarembsky [6], A. Marchenko [7], K. Naumchuk [8], O. Parkhomenko-Kutsevil [9], K. Rostovska [10], A. Sobakar [11], S. Timofeev [12], Y. Fidrya [13], L. Chizhevskaya [14], M. Shcherbak [15], Y. Mizik [16], A. Fadeeva [17], Yu. Slobodyanyk [18], D. Shkarovsky [19], K. Nazarova [20][21][22][23] and others. Analysis of the state and degree of scientific developments in foreign and domestic sources on the studied issues shows that corruption is not only a crime against the state and the citizen Y. Mizik [16], A. Fadeeva [17], O. Parkhomenko-Kutsevil [24], but also affects development of the system of subjects in the field of prevention and counteraction of corruption, which threatens the perception of legitimate actions of state bodies and security of citizens, negatively affects the reputation of public authorities, hinders the reform of the public administration system.…”