The Comprehensive Mechanism for Economic Analysis of the Audit Firm’s Economic Activities

Abstract

In the course of this research it is determined that in order to develop a comprehensive approach to the methodology of economic analysis of the activities of audit firms, it is necessary to consider economic analysis as an information system. In view of the specifics of the activities of audit firms, the research on economic analysis as a system takes into account the industry features of all its components. The article is aimed at exploring the comprehensive mechanism for economic analysis of the audit firm’s economic activities. Scientific literature concerning the application of systems theory to economic analysis is studied. It is determined that system approach can identify the features of economic analysis as academic discipline; functional economic science; professional activities and the information subsystem of the enterprise’s management, including the audit firm. In the context of the research, economic analysis is considered as an information subsystem of management of the audit firm’s economic activities. The economic analysis of the activities of audit firms is considered as a system in the classical sense of its components, namely: users of the results of economic analysis, subject of economic analysis, object of economic analysis, methodological action, feedback. The author’s own approach to the system of economic analysis of audit firms is proposed, taking into account their specifics as subjects of economic management and as subjects of independent financial control. It is determined that the key objects of economic analysis are defined as follows: financial potential, human resources, reputational capital. A meaningful content of the functioning of the elements of the system has been formed and industry features of development of economic analysis have been identified.

Keywords

• economic analysis
• system approach
• audit
• information users
• object of analysis
• subject of analysis