Methodological Principles of Forming the Audit Model of Economic Security

Karina Utenkova ()
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Karina Utenkova: Kharkiv National Agrarian University named after V.V. Dokuchayev, Kharkiv, Ukraine

Oblik i finansi, 2019, issue 2, 144-153

Abstract: Audit is an effective form of control of the enterprise internal environment and the prediction and prevention of the influence of internal and external threats. The article is devoted to the substantiation of the methodological foundations of the formation of the economic security audit model. The economic essence of the audit of economic security was disclosed. The components of the conceptual model of the audit, the relationship between them and the audit tools were described. The model of the audit of economic security includes the following components: the subjects and objects of the audit, the purpose of the audit, assessment criteria, audit objectives, normative regulation, sources of information, audit methods, audit steps, audit methodology. The role of audit subjects in the implementation of the economic security audit model was defined. The objectives of the audit of the economic security system were formulated by the author, which correlate with its purpose and take into account the criteria for evaluating the audit. Traditionally in the theory of audit there are three stages: preparatory stage (organizational), stage of search (actually conducting an inspection), final stage (effective). Along with this, the pre-contractual stage was proposed, since actions performed at this stage may have consequences in the following stages. The sequence of actions of the auditor at each stage was described in detail, taking into account the requirements of the International Standards on Auditing (ISA) for collecting audit evidence, materiality, risk assessment, planning and conducting audit procedures, preparing auditor opinion. The article contains the list of issues that should be disclosed in the final document – the audit report, compiled on the requirements of the ISA. It was proved that a high-quality audit report will allow the management of the enterprise to identify existing problems of ensuring economic security, as well as determine clear steps to overcome these problems and avoid them in the future.

Keywords: economic security; audit model; International Standards on Auditing; audit objects; purpose of audit; audit objectives (search for similar items in EconPapers)
JEL-codes: M42 (search for similar items in EconPapers)
Date: 2019
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