THE FUNCTIONAL CHARACTERISTICS OF CENTERS OF THE PROFESSIONAL RESPONSIBILITY IN THE AUDIT OF FINANCIAL INFORMATION
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 2, Issue 58
Abstract
The research carried out in the article has provided an opportunity to identify and characterize the centers of professional responsibility of the auditor that is one of the its element. The Center of professional responsibility in audit of financial information is determined as a functional unit, which is part of the subject of the audit and / or participates in problems solving in accordance with delegated powers for this purpose. This definition contributes to the possibility of identification of persons whose activities accordance with established hierarchies and delegated functions, can be recognized as a source of professional responsibility of audit subject. For each center of responsibility we identified the factors of limitations, which enables to adequately identify the auditor’s responsibility for tasks executing in each center. Limitation of responsibility applies to the content of functions which are not must be implemented by the specific center of responsibility necessarily. Limitations may apply to responsibility of auditing in general, when its subject identified during the agreement for audit. Limitations in time is the another kind of professional responsibility limitations. Limitations in time is the another kind of professional responsibility limitations. Distribution of professional responsibility in the audit of financial information possible according with functions that separate centers at various levels perform, and the method of distribution. The element of professional responsibility of subjects in audit of financial information related to the distribution of powers may be provide is carrying out by the application of sanctions, which corresponds to the level of delegated authority.
Authors and Affiliations
O. L. Sherstiuk
Keywords
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