METHODOLOGICAL BASIS FOR CONDUCTING FIXED ASSETS AUDIT

The technique of audit of fixed assets is investigated. The economic essence of fixed assets in accordance with the Regulation (standard) of accounting 7 «Fixed assets». The stages of operations with fixed assets that are directly used during the operation of the enterprise are indicated. The purpose and main tasks of the audit of fixed assets are highlighted. Sources of information for the audit of fixed assets of the enterprise are indicated. The order of audit of fixed assets is determined, the example of the test of internal control of fixed assets is made. The methodology of the audit has been improved due to the systematization of methodological techniques and procedures that provide a comprehensive study of operations with fixed assets of the enterprise. An example of an auditor's working paper is provided. The main mistakes that are common in the audit of fixed assets are highlighted.