Organizational Forms of Audit of Efficiency of Business PartnershipJournal: Accounting and Finance (Vol.1, No. 66)
Publication Date: 2014-12-30
Authors : Anna Shavliuk;
Page : 123-127
Keywords : audit; business partnership; effectiveness; organizational forms; internal audit;
Efficiency audit of business partnership is a mean of analyzing and monitoring business partnerships in terms of optimizing the financial management of the company. Its implementation is possible both in the form of internal audit by implementation of the tasks placed to the internal audit staff and external - involvement of independent experts. The article elucidates the differences and benefits of organizational forms of efficiency audit of business partnership that will allow justify the choice of any of forms of commercial enterprise. The characteristics of organizational forms of efficiency audit of business partnership are investigated in the context of state statutory audit (by sharing functions and powers of relevant government agencies) and independent audit (in priority aspect of attracting external independent auditors for control). The necessity of an external efficiency audit of business partnership and public audit of the companies with the state share of ownership was proved. Organizational differences between external and internal efficiency audit of business partnership are solved.
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