Open AccessANALYSIS IN AUDITING: SOME QUESTIONS FOR APPLICATION
Author(s) -
Mykhailo Luchko
Publication year - 2017
Publication title -
ekonomìčnij analìz
Language(s) - English
Resource type - Journals
eISSN - 2219-4649
pISSN - 1993-0259
DOI - 10.35774/econa2017.04.011
Subject(s) - audit , cash flow , process (computing) , shareholder , business , investment (military) , accounting , control (management) , finance , process management , corporate governance , economics , computer science , management , politics , political science , law , operating system
In the difficult period of the country's economic structure functioning, investment forms the future of technical, financial and economic security. The legally regulated institutional framework creates opportunities for an abrupt innovation start. However, the low positions, which are caused by the economy of war, do not provide opportunities for its implementation. Consequently, the full and rational use of existing chances becomes a guarantee of at least a slow implementation of the strategies of innovative development of enterprises. In this way, the system of auditor consulting and formation of audit opinion about the effectiveness of innovative processes and projects is a priority. Available analysis tools, system approach and cash flow modelling, provide investors with confidence and generate interest from shareholders and owners. The calculation of a number of indicators characterizing the effectiveness of innovation projects becomes a guarantee of their implementation and achievement of management objectives. Therefore, the application of analytical techniques in the process of audit of innovative projects allows the auditor to form an independent opinion on their convenience.