VERIFICATION OF SETTLEMENTS WITH ACCOUNTABLE PERSONS

Abstract

On the basis of a generalization of previously published approaches to the conduct of control measures, an author's method for checking settlements with accountable persons is proposed, taking into account the requirements for internal control and accounting. The purpose of the study is to develop methodological support for substantive verification procedures when performing an internal audit assignment, as well as auditing financial and economic activities by clarifying the methodology for checking settlements with accountable persons. The research methodology is based on general scientific methods, in particular on the analysis and synthesis of empirical data related to the organization and conduct of control measures in an economic entity, as well as on comparison and experiment. The goals and objectives of the audit are formulated, a plan is developed, and the documents to be verified are identified. The steps of the auditor to verify the settlements with accountable persons are outlined. A feature of the methodology is the presentation of the procedure for assessing the internal control of the accounting process. The authors have developed a number of forms of working documents that expand the methodological tools of audit and internal audit and can be useful in practice.