FEATURES OF AUDIT AND PROBLEMS OF ITS IMPLEMENTATION IN CONSTRUCTION ORGANIZATIONS
Author(s): Smirnova Elizaveta Egorovna
Release: 2019-3 (30)
Keywords: Audit, construction, costs, international standards of audit, estimate, investor, developer, accounting documentation
Annotation: To date, the development of the accounting and audit system in Russia creates an urgent need for its analysis in certain segments of the domestic economy. The improvement of international audit and the increase in the volume of the construction sector require continuous participation not only of public authorities, but also of specialized organizations in the formation of the General framework of regulatory and legal regulation of audit activities. The relevance of this article is that the audit of construction companies in all countries is being reformed at a high speed. This factor follows from the fact that the objective criteria for the implementation of construction are changing, including an active mechanism of integration to the solutions of global problems, its spread to countries with more modern economies and international associations, with the use of innovative technologies and an increase in the aspect of the international auditing standards. Thus, we can say that in our country we need a modern look at the essence of the accounting and financial functions of management and its main element – audit. At the present stage, both domestic and international construction companies are developing quite rapidly. There is a significant increase in investment, which stimulates the construction sector, reconstruction and reconstruction of various types of facilities. Subsequently, the criteria for the quality of accounting (financial) statements, its reliability and audit activities are tightened.
Bibliography: Smirnova EL.EG. FEATURES OF AUDIT AND PROBLEMS OF ITS IMPLEMENTATION IN CONSTRUCTION ORGANIZATIONS // Economics and Management. – 2019. – № 3 (30). – С. 41-47. doi: 10.21777/2587-554X-2019-3-41-47