FEATURES OF THE AUDIT OF THE COMPANY'S ACCOUNTING POLICY

Abstract

The purpose of the article is to study the theoretical and methodological foundations of the accounting policy audit with the aim of determining the audit procedures for assessing its effectiveness. The concept of accounting policy is defined as a set of methods of accounting and financial reporting; the choice of methodological techniques, principles, rules and procedures that are used in the organization and maintenance of accounting and reporting; an internal basic document for the organization of accounting at the enterprise; formation of unified approaches and rules. The essence of the accounting policy at the state level and at the enterprise level is revealed. The characteristics of accounting policy components (organizational, methodical, technical components) are given. The goals of the accounting policy are set (compliance with the requirements of regulatory and legal acts, efficiency in accordance with the chosen strategy of the enterprise). The purpose of the accounting policy is defined as establishing the compliance of the company's application of the methods of accounting organization with the current regulatory and legal acts in the period under review, in order to form an opinion about the reliability of reporting in all essential aspects. The tasks of the accounting policy audit are outlined. The informational and legal basis of the audit of the accounting policy has been systematized. It is proposed to divide the audit of the accounting policy into two blocks: the audit of the formation of the accounting policy and the audit of the implementation of the accounting policy. The stages of the accounting policy audit are defined (preparatory, initial, main, final) and their content is disclosed. The definition of the accounting policy effectiveness audit is given. Qualitative and quantitative criteria for evaluating the effectiveness of the accounting policy in terms of accounting and accounting in the taxation system have been established. The advantages of implementing an effective accounting policy are highlighted, which will provide a quality information base formed in the accounting system for making rational and well-founded management decisions.