DEVELOPMENT OF AUDIT RECOMMENDATIONS AND PERFORMANCE IMPROVEMENTS IN THE AUDIT PROCESS
Journal Title: International Journal of Innovative Technologies in Economy - Year 2017, Vol 1, Issue 6
Abstract
The audit result from the requirements of the International Standards of Audit shall be logically linked to the recommendations issued by the auditors representing the final and necessary products of the audit. Auditor recommends that a significant recommendation should be made to prevent the expected risk and to identify the relevant activities to eliminate the identified deficiencies. These activities should take into account the causes of the violation. According to the International Standards of Audit it is important that the recommendation be developed as a result of close communication with the audit object after the agreement on factual circumstances will be discussed. Developing practical and result-oriented recommendations aim at simplifying the implementation of the audit object, and on the other hand, should facilitate the correctness of the identified deficiencies, taking into consideration the optimal use of resources. Based on the organizational specificity of the audit object, the auditor is desirable to consider various ways of solving the problem and analyze the advantages and disadvantages of each alternative.
Authors and Affiliations
Tea Udesiani, Dali Sologashvili
Keywords
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