Audit of Registered Capital: Organizational and Methodological Aspect

Abstract

Against the background of the current difficult global economic conditions, the issue of carrying out anti-crisis measures in the country's economy as a whole and at enterprises separately arises first of all. After all, the policy of preserving (and, even better, increasing) capital is an extremely important indicator that represents the financial stability of enterprises to economic shocks. Any enterprise (for example, a manufacturing enterprise), carrying out its activities, relies on a certain amount of its capital, which can be expressed in both monetary (classical) and non-monetary (cars, real estate, copyrights, patents, etc.) forms. As a rule, the main indicators of a country's economic development are those that characterize the production level, the conduct of a certain profitable type of activity, and others. However, the category" capital " is rarely used to analyze the financial condition of an enterprise, although it (capital) is the very basis for the origin and stable development of any business entity. The concept of capital conservation and its management strategy will allow us to find or prevent violations in time due to certain areas of audit implementation, as well as introduce the necessary changes in the company's management policy. Being an important component of management and relying on accounting data as an integral system of operations control, it is external audit that will allow us to assess the result of activities, make forecasts for improving certain areas of efficiency in conducting economic functions, and offer important management decisions regarding our own sources of financing for the company's activities. However, the transition of Ukraine to a market economy, as a result, caused the emergence of private ownership along with the state form, the emergence of which, in turn, subsequently gave an impetus to a significant increase in the role of accounting and control. The existence of these forms of ownership is simply impossible without a clearinteraction of a number of economic institutions, where one of the profile places is occupied by the Institute of audit. The main purpose of the audit can be formed simply, but truly – confirmation or refutation of information that is set out in the financial and tax statements in accordance with the current legislation of Ukraine. In other words, the audit procedure should be understood as a logically sustained,strict sequence of actions to perform the audit stages from pre-contractual work to the transfer of the audit report to the customer.