Періодичні видання НАСОА

Permanent URI for this communityhdl:123456789/12

Browse

Browsing Періодичні видання НАСОА by Subject "auditing"

Filter results by typing the first few letters
Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    Audit of non-fi nancial reporting: what standard should be used?
    (Національна академія статистики, обліку та аудиту, 2023) Lubenchenko O.; Shulha S.
    A business entity of whatever kind seeks to operate in long-term perspective by achieving the strategies set out by it, including the strategies pertaining to social justice, environmental protection, friendly use of natural resources and their renewal. It is also a matter of the society’s concern. It is for this reason that non-fi nancial reporting for sustainable development, provided by business entities, is demanded by users. The verifi cation of non-fi nancial information is assigned to independent auditors. Although auditors use the International Standard 3000 “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information” for the verifi cation purposes, the International Standard 3410 “Assurance Engagements on Greenhouse Gas Statements” can also be applied for specialized spheres. When non-fi nancial information is submitted together with fi nancial reporting, the International Standard 720 (revised) “The auditor’s responsibilities relating to other information” will be applicable. On the request of international donor organizations, an auditor is allowed to use the International Standard 4400 “Agreed-upon procedure s engagements”. Given that the International Standard 3000 is the most demanded among the auditors, the International Auditing and Assurance Standards Board provided a guidance on its application. The phases of non-fi nancial reporting audit and their content were clarifi ed on the basis of the International Standard 3000. The choice of an international standard depends on the conditions of an engagement and relies on the professional judgment of an auditor. Irrespective of a chosen standard, an auditor bears the responsibility for the assessment of published non-fi nancial reports for sustainable development. Realizing the responsibility before users of non-fi nancial reporting, an auditor must assure the quality of his services in keeping with the requirements of the International Standard on Quality Management (ISQM 1). The working document of an auditor “Quality assessment of assurance engagements other than audits or reviews of historical fi nancial information (non-fi nancial reporting)” was elaborated, which would help assure the internal control of auditing at engagement level. This document is standardized and can be used in the auditing practice.
  • No Thumbnail Available
    Item
    Intellectual Capital as Part of the Quality Management System in an Auditing Firm
    (Національна академія статистики, обліку та аудиту, 2023) Lubenchenko, О.
    A new approach to quality assurance in audit requires creating a quality management system that would include eight components: procedure for risk assessment in a firm; management and leadership; respective ethical norms; acceptance and continuations of relations with clients and specifi c engagements; engagement completion; resources; information and communication; the process of monitoring and correction. Each component requires a separate assessment in the monitoring of the quality management system, both at fi rm and engagement level. The article demonstrates that the component “Resources” (human, technological, intellectual) of the quality management system in an auditing fi rm can be considered from the management viewpoint as intellectual capital, thus making applicable recognized management models. By summing up research results produced by domestic and foreign scientists it was demonstrated that the model of European Foundation for Quality Management (EFQM model) can be applied in assessing the components of the quality management system, “Resources” in particular. EFQM model was adapted and extended in an elaborated working document for internal or external monitoring of the quality management system in an auditing fi rm. The working document includes performing of the following procedures: inspection (review) of documents and observations; individual interviews of the engaged fi rm staff; analysis of obtained evidence. The implementation and documenting of monitoring procedures and informing the results to all the fi rm staff will help assure the quality of auditing services and increase the users’ trust in the audit.