Audit of the reliability of information on current assets and the effectiveness of their use

UDC: 658.1: 6.03.3

Authors

Mavlyanova D.M.

Abstract

The financial condition of the enterprise is judged by the status of its current assets: by their volume and share of their own funds; on the dynamics of development and structure. The stability of the financial situation of the enterprise largely depends on the appropriateness and accuracy of the investment of financial resources in assets. Imbalances lead either to a shortage or an excess of cash in circulation and adversely affect the movement of inventory, the efficient use of material resources. The immobilization of current assets, their necrosis in stocks and costs that are disproportionately large compared to the real need of the enterprise, is always accompanied by financial losses for the enterprise through the replacement of immobilized amounts with other borrowed or borrowed funds, through the payment of fines, penalties, forfeits, through lost profits, etc. d. In this regard, the relevance of the audit of the reliability and efficiency of the use of current assets is beyond doubt.

Keywords

reliability audit, efficiency audit, efficiency of using current assets, audit of the process of providing tangible assets, stages of internal audit of current assets, internal audit report.