ANALYSIS OF COURSE DIFFERENCES AS PROCEDURE OF INTERNAL AUDIT OF A GROUP OF RELATED ENTERPRISES

Abstract

Introduction. Increase in currency risks is observed in the activity of a group of enterprises, in which the functional currency of the activity of the main enterprise-investor differs from the functional currency of the activity of one of the group's enterprises. The article is devoted to the study of the processes of audit of exchange rates, which are reflected in the reporting of the group of enterprises on the results of intragroup transactions and external operations of individual enterprises of the group. Purpose. The article aims to develop a methodological approach to the implementation of the analytical procedures of internal audit of exchange differences that are reflected in the consolidated statements of the group and to provide the recommendations of the internal auditor on the formation of a strategy for managing the currency risk of a group of enterprises. The internal audit of individual group reporting and consolidated reporting by the group should ensure the detection of areas with high currency risk. Results. The analytical audit procedures of exchange rate changes based on the matrix methodological approach that can determine the result of currency risk management group and form the internal auditor recommendations towards improving the management of exchange rate differences (due to the impact on business enterprise group or rationalization of intragroup transactions group) has been proposed in the article.