Introduction to the Industry Audit

• Published in: SHS Web of Conferences Vol. 172; p. 5024
• Main Author: Yusupov, R. M.
• Format: Journal Article Conference Proceeding
• Language: English
• Published: Les Ulis EDP Sciences 2023
• Subjects: Accounting; Audit objectives; Financial statements
• ISSN: 2261-2424; 2416-5182; 2261-2424
• DOI: 10.1051/shsconf/202317205024

In the article, the author considers the following topics: introduction to the audit of accounting financial statements in a construction organization, description of the role of audit in ensuring the correct assessment of the financial activities of the organization. Features of accounting in a construction organization, overview of the main elements of accounting statements, such as balance sheet, profit and loss statement, statement of changes in capital and cash flow. The importance of the audit approach in the process of auditing financial statements, explaining why the audit approach is important for achieving audit objectives. Accounting audit techniques in a construction organization, review of various methods that auditors can use to determine the reliability of accounting statements. Processing of audit results, consideration of what to do when an auditor discovers errors or deficiencies in accounting statements, discussion of measures taken to improve financial reporting in the future, current trends in accounting audit in a construction company. The study of innovative methods and approaches used in the audit of financial statements of organizations focused on construction.