Облік і фінанси (Mar 2023)
Audit of the Tourist Rent Existence
Abstract
The article describes the methodological aspects of the audit of tourist rent, which is one of the sources of income for tourist enterprises. The article aims to develop a method of identifying tourist rent by the subject of financial and economic activity auditing. In order to achieve it, regulatory documents, acts of professional regulation of auditors' activities, and information on the performance of tasks to provide confidence to users of financial statements by independent specialists were used. The specified information was processed by applying such research methods as bibliographic analysis, regulatory analysis, observation, and data systematization. It was found that the emergence and existence of tourist rent are determined by the presence of a tangible or intangible asset used by a tourism industry enterprise. Taking this into account, the audit of the existence of tourist rent involves audit evidence obtaining both the existence of actual rent cash flows and the presence of related assets. The main parameters for which evidence should be obtained are characteristics that allow identification of the asset itself, cash flows that have signs of tourist rent, as well as their mutual identification. For this purpose, taking into account the recommendations of the International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, the audit procedures that can be applied are defined, and their direction is specified in the context of performing the audit tasks of the availability of tourist rent. The need to physically inspect assets, document and record inspection, external confirmation, inquiry, and analytical procedures was substantiated. The study results allow for optimization of the auditor's work based on the ratio of the costs of resources required to perform the procedures and ensuring the necessary level of trust in the audit results on the part of information users.
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