FEATURES OF AUDIT OF MATERIAL COSTS AND COST OF PRODUCTION OF THE ENTERPRISE

The article highlights the features of the concept of material costs and cost of finished products of the enterprise. The analysis of material costs for identification of ways of their rational use and development of measures for identification of reserves is carried out. Ways to reduce costs and increase opportunities for more rational and efficient use of material resources and reduce the unit price of the enterprise are identified. The main stages of the audit of material costs of production are comprehensively studied. Peculiarities of audit of material costs and cost of finished products are studied. The organization and methods of performing procedures for auditing material costs at the enterprise are considered. The main directions of audit of material costs and production costs at the enterprise are determined. The problem sectors underlined the development of sound proposals for improving the methodology of cost auditing at an industrial enterprise. It is proposed to study the environmental policy of the enterprise, which can reduce the negative impact on the environment, increase the environmental safety of production, to analyze the results of environmental certification of products. It is also proposed to analyze energy consumption by establishing their total value in value and in-kind meters. It is established that an important role in ensuring the optimal level of material costs of production belongs to economic analysis, which is very often used during the audit is an effective tool for cost management. It is proposed to implement organizational and technical measures that will achieve the optimal level of costs and reduce the unit price. It is also determined that in a financial crisis, the audit of direct material costs is of particular importance, the auditor must confirm the accuracy of accounting and reporting and develop appropriate recommendations for the organization of enterprises and effective management of production processes, which should reduce direct material costs. The proposed audit strategy will allow the auditor to conduct a quality and consistent audit and develop recommendations for the implementation of a direct material cost management system.