Peculiarities of auditor’s evaluation in the process of diagnosis enterprise’s financial condition

Автори: 
Omelianchuk T. M.

It was established that none of the recent studies or publications does not raise the question
of recognition of audit element integrated assessment of the financial condition of the company and
as a debating something that is worth discussing in local reputable scientific circles. The concept of
audit of the financial situation of the company in the current economic conditions is concretized.
The role and importance of modern auditing for a full and accurate assessment of the financial
condition of domestic enterprises is shown. The importance of the audit of the financial condition
and results of an information providing important decision-making entities with an interest in the
financial performance of the business entities is emphasized. In the article proved how audit can
have an impact on the quality analysis of the current financial condition of the company. The
expediency of the use of audit procedures as proof of completeness of financial statements in the
initial phase of the complex evaluation of the financial condition of the entity, as well as the
possibility of applying audit procedures for the diagnosis accuracy of the results of this assessment
in its final stage is grounded. The directions on which it is advisable to audit the financial condition
of the company, and the stages of analytical work, which should assess the financial condition of
the entity are offered. It is proved that the audit process to assess the financial condition of the
company increases its credibility and expanding areas of analysis that provides a diagnosis of the
financial condition of the signs of consistency and comprehensiveness.