Development of Ideas on the Essence of Audit
Journal Title: Бізнес Інформ - Year 2013, Vol 9, Issue 0
Abstract
The article analyses the essence of audit as a professional practice, which appeared and is developed in the system of triangular relationship. It considers triangular relationship as an objective form of audit existence. This approach allowed tracing changes in understanding audit in connection with changes of the character of relations, which are established between the user and responsible party. Main metamorphoses occur in the result of development of property relationship and control relationship from the direction of the user towards the responsible party. Implementation of audit in the countries of post-totalitarian economy took place under conditions that correspond with a low level of organisation of "user - responsible party" relationship, namely: domination of property relationship and direct control of users with respect to the responsible party. This type of organisation of "user - responsible party" relationship had an objective consequence of formation of audit tasks through delegation of a part of control functions to an independent subject - auditor. This explains the method of separation of audit from other types of control through application of the "independent" property in wording of its essence. Development of "user - responsible party" relationship resulted in loss of property relationship and control relationship. This type of relationship forms a new content of audit tasks - reduction of information risks through conduct of independent assessment of financial information. Thus, the article identifies a conflict between historical views on audit as a form or method of independent financial control and its actual state as a form of assessment of financial information and method of reduction of information risks.
Authors and Affiliations
Valentyna Ryadska
Keywords
Related Articles
- EP ID EP104517
- DOI -
- Views 76
- Downloads 0
Management Diversification of Agricultural Production on the Basis of Economic and Mathematical Modeling
The paper proposes the use of a multiple regression model as a tool for identifying the factor of influence on the development of agricultural production. The use of a regression model can detect the degree of influence...
Assessing the Status of Socio-Psychological Climate in the Enterprise
The article is aimed to provide methodical recommendations on assessing the status of socio-psychological climate of collective in the enterprise taking into account its key dominants from the standpoint of the synergist...
Innovation investment model of euroregional collaboration
In the article scientific and practical aspects of euroregional collaboration are considered on the basis of the use of innovation investment model of development. It is certain that the creation of scientific and techni...
Formation of the Sales Strategy of Small Industrial Enterprises
The article forms characteristic definitions of marketing sales channels, analyses advantages and shortcomings of such channels of distribution of products for small production enterprises, marks out a position of the wh...
The Demarcation of the Algorithm of the Organizational-economic Mechanism of Development of the Tourism Industry of Ukraine of Closed Type
In the current economic conditions the development of the tourism sector in general, and related economic activities, in particular to ensure the needs of tourists in high-grade (quality) of the holiday, restoring psycho...