AUDIT IN THE MANAGEMENT OF BUSINESS ENTITIES
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.2, No. 85)Publication Date: 2024-05-31
Authors : Pryimak Nataliia; Yurchenko Оleksandr;
Page : 86-91
Keywords : audit; management; business entities; conceptual foundations;
Abstract
Successfully conducting an audit in the management of business entities requires careful risk management and ensuring high standards of professional ethics and independence. It is important that businesses work with audit firms that adhere to high standards of professional ethics and independence and engage in mutual communication to resolve any issues that may arise during the audit process. The relevance of research in the field of audit in the management of business entities is obvious, due to the growing importance of audit as a tool for ensuring financial stability, risk-oriented management and compliance with regulatory requirements. Research in the field of auditing in the management of economic entities remains important for the development of the auditing profession and ensuring high quality of financial reporting and management of enterprises. The tasks of this study are: 1) to determine the essence of audit in the management of economic entities; 2) find out the purpose and tasks of the audit in the management of business entities; 3) establish the mission and vision of the audit in the management of business entities; 4) highlight the advantages and disadvantages of auditing in the management of business entities; 5) outline the object and subjects of the audit in the management of economic entities; 6) reveal the audit functions in the management of economic entities. In the course of the research, methods of deduction, induction, generalization, synthesis, tabular method were used. Audit in the management of business entities is a process of systematic verification of financial statements, operational processes and management systems of the enterprise in order to assess their effectiveness, reliability and compliance with legislative and regulatory requirements. Based on the essence of the audit in the management of economic entities, we will state its purpose. The purpose of an audit in the management of business entities is to provide an independent and objective review of financial reporting, internal control and management processes of business entities in order to provide reliable and authoritative information on their financial stability, management efficiency and compliance with legislation and standards. Purpose. The purpose of this study is to improve the conceptual foundations of audit in the management of economic entities in order to develop ways of its further development. Materials and methods. The methodological basis of the study is the dialectical theory of cognition, a systematic approach to the study of the conceptual foundations of audit in the management of business entities. In the course of the research, methods of deduction, induction, generalization, synthesis, tabular method were used. Results. The scientific article reveals the conceptual foundations of audit in the management of economic entities, including the essence, purpose, tasks, subject, object, functions, which allowed to develop ways of its development. Discussion. The proposed study is very important for improving the conceptual foundations of audit in the management of business entities. As today's business environment is constantly changing, auditors need to constantly adapt their audit methods and approaches to ensure process efficiency and reliability. The overall result of such research can be useful for both audit firms and enterprises to ensure effective and reliable management and to ensure stakeholder confidence in financial reporting and management processes. The question of whether the conceptual foundations of audit in the management of economic entities will be effective in conducting audit activities in Ukraine requires discussion.
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Last modified: 2024-12-15 08:11:23