PLANNING AN AUDIT OF FINANCIAL RESULTS

Abstract

Management decisions of a commercial enterprise are always based on financial performance data. A reliable financial performance accounting system is necessary to evaluate all areas of a business entity's activities. Errors in the preparation of reports and the formation of primary documentation can lead to an incorrect definition of the final performance indicator. In this regard, the relevance of the audit of financial results is beyond doubt. The financial result is the main indicator of the success of the company's activities, and the audit of financial results is carried out to confirm the correctness of the reflection of the financial result of the company in accounting and compliance with the provisions of relevant regulations. A well-organized audit of financial results allows not only to identify possible errors and violations, but also to make recommendations for improving the accounting and financial flow management system of the enterprise. The article discusses the specifics of planning an audit of financial results. Audit planning is an obligatory stage at which the audit strategy and tactics are determined, an audit plan and program are developed, and based on the specifics of the enterprise, the auditor himself determines the audit methodology and procedures