Облік і фінанси (Sep 2019)
Computer Audit in Ukraine within the Framework of Requirements of European Law
Abstract
Most business entities keep automated accounting of their activities results, prepare managerial reports and financial reporting in electronic format, so, it is advisable to conduct an audit using computer technology. It will allow using of the resources of the audit firm more efficiently. The purpose of the article is to review the audit software available on the market, identify its shortcomings and advantages, as well as develop proposals for improving the audit in a computer environment, taking into account the norms of European and Ukrainian legislation. Existing software products that are designed for auditing in a computer environment were considered, their advantages and disadvantages were determined. It was revealed that conducting an audit in a computer environment at the current stage of management is based on standards of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements. The trends in the number of audit entities in Ukraine were disclosed. Based on the consideration of the conditional audit of the enterprise data generated in the “1C: Accounting” accounting program, the idea of the development of special audit software product was proposed and the criteria for it were substantiated. Lists of functions that a new software product should have to carry out an audit, taking into account the tasks and procedures of an audit, was proposed. The circle of problems that impede the introduction of computer equipment and technologies into the audit process was outlined. Authors’ attention is focused on the fact that European and Ukrainian legislation defines the requirements for the level of theoretical knowledge of the subjects of mandatory audit and their ability to put this knowledge into practice. In particular, one of the mandatory points of the qualification exam is the verification of the theoretical knowledge of information technologies and computer systems that are relevant for audit.
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