Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 7 (47)

Published: 2019.08.14

DOI: 10.37128/2411-4413-2019-7

Description:
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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OBLIGATORY AUDIT OF FINANCIAL STATEMENTS IN THE CONTEXT OF AUDIT ACTIVITIES REFORMING IN UKRAINE

DOI: 10.37128/2411-4413-2019-7-16

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FABIYANSKA Victoria – Candidate of Economic Sciences, Associate Professor of State Audit

and Control Department, Vinnytsia National Agrarian University (21008, Vinnytsia, Soniachna str. 3, е-mail: Viktoriafab@ukr.net).

Annotation

The article considers the concept of trust as economic category in a context of relationship emerging

from delivering audit services between three parties: the auditor (auditing firm), the customer (enterprise)

and the third party (users of financial statements make a decision on further interactions with an enterprise

by results of financial statements checked by an auditor).

The concept of mandatory audit is investigated, which is a service provided by an independent

auditor (a subject of audit activity) to enterprises (organizations) which according to legal requirements

are obliged to publish annual financial (consolidated) statements together with an auditor report for the

purpose of providing its users with reliable information for adoption of management decisions.

Precautionary measures on ensuring quality of mandatory audit under conditions of imminence of

the national legislation to EU requirements are investigated in the article. Such requirements are direct ed

to the creation of special conditions of production of audit activity an ultimate goal of which is ensuring a

high-quality audit of financial statements of enterprises which are of social (public) interest.

Implementation of all rules makes it impossible or reduces to the minimum a possibility of violation of the

fundamental principle of auditor professional ethics - independence.

Performance by subjects of audit activity of all measures provided in the Law of Ukraine "About

Audit of Financial Statements and Audit Activity" will provide that measure of synergetic effect thanks to

which high quality of audit services will be reached and, as a result, growth of trust to work of an

independent auditor from the party of users of financial statements.

Keywords: audit, mandatory audit, precautionary measures, quality of audit services, trust, independence principle, insurance of responsibility, quality control.

List of references

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All journal issues

About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).