IMPROVEMENT OF THE METHODOLOGY OF AUDIT REPORT

Abstract

The purpose of this article is the correct application of analytical procedures and transparent preparation of audit reports in solving problems arising in the study of financial statements of economic entities and generalization of verification processes. In addition, suggestions and recommendations were developed to improve the classification of audit evidence according to the level of reliability in the compilation and preparation of audit reports, and the improvement of the use of analytical procedures in the collection and summarization of audit evidence. The process of issuing audit conclusions that increase the level of reliability of financial statements and applying the requirements of international standards of auditing on the structure of these conclusions is explained in the audit.