Organization of quality control of financial and non-financial reporting as an audit object

Abstract

To meet the needs of management personnel and external users, an information base is formed at any enterprise. Effective implementation of management functions depends, in turn, on the quality of the information provided. The study focuses on improving methodological approaches to audit as a tool for confirming the quality of financial and non-financial reporting of retail enterprises.

 The purpose of the study is to determine the role and importance of an independent audit as a tool for confirming the quality of financial and non-financial information in the information economy. To confirm the quality of financial statements, both the audit system and its methodological tools were modeled.  The methodological basis of the work is the analysis of scientific work on the study of terminology; methods of associations and analogies (when modeling the methodology of auditing statements); detailing (when determining the matrix of actions by management personnel); generalization and systematization of the data obtained, as well as schematic methods (for visualization of the research results).

The results of the study show that information is a summarizing result of the work of the relevant service, a set of data on the state of the managed and managed subsystems and the external environment. The better the quality of the incoming information, the higher the validity and potential effectiveness of management decisions and actions. It is found that the imperfection of regulatory and legal support increases the risk of making erroneous decisions based on financial statements by its various users. It is recommended to model the methodology for auditing financial and non-financial statements, taking into account the communication environment, the process of information transfer, and users who determine the possibilities of improving the quality of the audit in the direction of ensuring that audit information meets real needs and is adequately perceived. The conclusions prove the need to transform views on the quality of management, strengthen the relevance of audit information on the quality of financial statements, which will avoid information risks and serve as a basis for ensuring a certain level of user security