The article presents the author’s vision of the business reputation of the company as a reputation capital and part of goodwill formed by positive assessments of business in the business environment. Various approaches to assessing the business reputation of companies have been summarized, which cause problems in their application in audit practice due to insufficient transparency and reference to the specifics of business relations in the Russian Federation. Directions of improving methodological support for assessing the business reputation of counterparty organizations are proposed.
Th e paper deals with the assessment of the materiality threshold for planning the audit of fi nancial statements in accordance with International Standards on Auditing (ISA) 320, «Materiality in planning and performing an audit». Th e analytical dependence linking the materiality threshold, level of materiality and the detection risk.
This article contains questions on the standardization of auditor`s activities in the Russian Federation. The
provisions of legislation, which regulate auditing activities in the Russian Federation and establish the procedure of
auditing standards, have been analyzed. The problems, connected with the transition from the three-level system of
the audit standards in the Russian Federation to the two-level, have been considered. Tendencies and perspectives of
standardization of audit in the Russian Federation in connection with the transition to international standards have
been identified.
The article describes the steps of the auditor in relation to the identification of unfair entity and obtain appropriate evidence of premeditation. Proposed in the article recommendations
include an assessment of the risks of material misstatement due to fraud, identity revealed distortion as possible, deliberate, premeditated taking of evidence identified misstatements
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