Scientific journal
Научное обозрение. Экономические науки
ISSN 2500-3410
ПИ №ФС77-57503

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STRUCTURING OF THE AUDITED FINANCIAL REPORTING: THEORETICAL ASPECTS

Vasilenko A.A. 1
1 RostovStateEconomyUniversity (RSEU)
We have studied the reporting elements and facts of economic life as structural and functional components of the audited reporting on the analytic basis the international and Russian regulatives in the financial reporting. The allocation of structural and functional components of the audited reporting allowed to develop more detailed approach to the audit of individual elements of financial reporting. A model of audit of the financial reporting on the basis of structural-functional approach is proposed. Using this approach the auditor can develop practical methodology for determining the specific financial reporting assertions and audit procedures to verify the validity of every element of financial reporting. So we conclude the importance of the detailed audit methodology at the level financial reporting assertions creates optimum conditions to verify the validity of reflection of functional-structural components in the accounting reporting.