PROBLEMS IN CONDUCTING INVENTORY AUDIT AND WAYS TO ELIMINATE THEM
Keywords:
International standards of auditing, transformation, international standards of financial reporting, audit planning, audit procedures, quality control, related services, internal control system.Abstract
This article explains the role and importance of the inventory audit in conducting audits of economic entities, as well as the problems in the organization of the inventory audit, and suggestions for their elimination. Taking into account that the production process of economic entities is considered as the most important object during the audit of inventories, it is based on the need to check whether the production costs are correctly taken into account and the product cost is correctly calculated during the audit. The suggestions and recommendations given in this article on solving problems in checking inventory accounts serve to improve the quality of auditors' work.
References
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