Algoriths and Procedures for Investment Audit Using a Risk-Based Approach

Abstract

The research discusses the features of the investment audit at various stages of implementing investment projects. The subject of the study is a methodological approach to its implementation. The goal is to reveal the content of the investment audit method. The work used general scientific principles and research methods: systematization, induction and deduction, comparison, comparison, synthesis, analysis of statistical data. The problems of creating methodology and techniques are relevant for both internal and external audit of investments. The result of the study was the definition of factors influencing management decisions in investment; audit tasks and regulatory regulations for each stage of the investment project; methods used for investment audit and internal control. Also, in the work’s course, the authors developed algorithms, methods and principles for checking assumptions (as components of the investment audit methodology). Also, the authors presented recommendations on implementing an audit by the stages of the investment process. They gave classifiers of procedures, investment risks and assumptions that have been checking during the audit, and reflected their relationship with information sources. The results of the study can be used by internal and external auditors of investment projects, credit and financial institutions, business entities.