Analysis of the correlation of concepts "audit" and " financial audit»

Based on the study of fundamental scientific achievements, legislative and regulatory documents, it is proved that the identification of the content of the concepts of "audit" and "financial audit" is impractical, since the latter concept expands the functional area of audit by transformation. It is proved that one of the topical issues of scientific controversy is the application in the practical aspect of financial audit as an effective tool of financial management, which will provide the management component of the business environment with the necessary information support.