Transformation of the auditor’s report under the influence of reforming the legislative base of Ukraine
Journal Title: Формування ринкових відносин в Україні. Збірник наукових праць - Year 2019, Vol 6, Issue 6
Abstract
Research subject. The subject of the study is the main legislative changes regarding the methodology of using the analytical procedures of audit, the formation of the audit opinion and its presentation in the report of the independent auditor. The purpose of the article is to study the key issues of the audit report, taking into account the requirements of the International Standards on Auditing. Consideration of the main changes in the content of the audit report that took place in domestic practices since the entry into force of the Law of Ukraine «On Auditing of Financial Reporting and Auditing» No. 2558 – VIIІ of 21.12.2017. Methodology of work – the methodological basis of the study are general scientific and special methods. In particular, the dialectic method of cognition, modification of the auditor’s report and its regulation of presentation in International Standards on Auditing. The following methods were used: analysis and synthesis, generalization and scientific abstraction, observation – in the study of the genesis of the audit report, in accordance with the challenges of society; comparison, formalization – to determine the prospects for the transformation of Ukrainian legislation to European standards. Abstract–logical method – when formulating the conclusions. The results of the work – the issues of the evolution of «opinion of the auditor» and its reflection in the audit standards are considered. The material is presented in the context of normative changes concerning the structure and content of the audit report. Specifies the presentation of the auditor’s report, both for ordinary enterprises and for enterprises of public interest. Features of each section of the audit report, in particular: coverage of the issue of the continuity of the business entity; key audit issues; list and structure of additional reports, which are formed on demand of a wide range of users. Conclusions – the importance of the audit report as one of the main outcome documents of the auditor is unconditional. Therefore, in order to ensure its qualitative compilation over a long period of time, changes and improvements to national audit standards are taking place – bringing them into line with international requirements. Thus, the audit report that will steal under the new legislative requirements will be more detailed, transparent and meaningful, which will increase the level of trust of users of financial reporting.
Authors and Affiliations
L. I. PROHOROVA, Y. N. SHCHERBAK
Economic security in the Ukraine european integration process
The main challenges to economic security of Ukraine towards deepening the integration process with the European common market have collaborated. Defined vision of national security in the competitive market openness comp...
Socio-communication factor in spatial organization and urban development
In the article researched impact social communications on spatial organization and urban development. This theory justified the category of "social and communication space" for urban and socio-economic problems of the cy...
Estimation of the personnel security level of enterprises in the high–tech sector of the economy
It has been substantiated that the basis for the adoption of each decision by the security agents should be complete, reliable and timely information about the object of security, that is, in the conditions of personnel...
Valuation of means of civil protection
In this paper, in order to analyze efficiently the dynamics of selling price index realizable, taking into account changes in the cost of general production expenses, the method of determining the price of the means of c...
Provision of the financial security as a priority areas of Ukraine national interests
The basic approach to the disclosure of what constitutes "financial security", singled out its basic characteristics and features. Concretized indicators measuring financial security, conducted their analysis and the int...