List of contents

THEME: AUDIT

List of contents

INTRODUCTION 2
1. AUDITING. IMPORTANCE AND FEATURES 4
2. STAGES OF AUDIT. PRELIMINARY REVIEW (PLANNING) 12
3. FIELDWORK, AUDIT REPORT AND FOLLOW-UP REVIEW 20
CONCLUSION 32
LIST OF USED LITERATURE 34


INTRODUCTION

Audit is, first of all, the entrepreneurial activity of auditors and audit firms in conducting audits, advising clients on accounting, tax, management and other issues in order to confirm the reliability of accounting statements and improve the efficiency of financial and economic activities of enterprises. The commercial success of auditors, the growth of their public authority and the expansion of the circle of clients directly depend on the level of their professionalism, the correctness of the application of the methodology and methodology of control, the use of best practices. Since each audit is limited in time, it is always important for the auditor to clearly define its objectives, accurately select the objects of the audit under investigation, plan his actions competently, apply effective audit procedures and collect the necessary evidence to formulate an objective conclusion. For the successful implementation of the objectives of a specific audit, it is necessary that the main stages of the audit are consistently carried out.

Some Russian specialists with varying degrees of detail distinguish the following stages of the audit:

• 
  preparation and planning of the audit. At this stage, familiarization with the economy of the audited enterprise is carried out, materiality and audit risk are assessed, the accounting system and the internal control system are developed, a general plan and audit program are developed;
  

• 
  documentation and registration of audit results. This stage includes conducting audit procedures, collecting and documenting audit evidence, forming information for the management of the audited enterprise, evaluating the results of the audit and issuing an audit opinion.
  

Based on this, it is advisable to distinguish three main stages of the audit: preparation and planning of the audit, implementation of audit procedures and preparation of working documentation, preparation of an audit opinion.

The purpose of this control work is to review the main stages of audit preparation, including the selection of a client (selection of an audit firm), approval of the audit, preliminary study of the client's financial and economic activities, conclusion of an agreement with the client, development of a plan and further audit program, study of materiality in the audit and audit risk.

When writing the control work, normative documents were used, as well as educational and methodological literature and manuals.

1.