IMPROVING THE AUDIT OF FINANCIAL RESULTS IN JOINT STOCK COMPANIES
Abstract
Today, the main goal of business entities is to achieve a positive financial result, ie to maximize profits. The amount of profit is certainly not affected by the audit of financial results, so we can increase the efficiency of enterprises by improving the audit of financial results. In 2018, the annual net profit of the 10 largest companies in the world amounted to 312.3 billion US dollars. That's more than the gross domestic product of dozens of countries. Achieving these indicators depends directly on the effective organization of accounting and auditing of financial results in business entities. Proper accounting and auditing of financial results in business entities allows to obtain reliable information and make important management decisions. Determining the characteristics of the accounting and auditing of financial results of foreign partners operating in the international market, in them requires the application of international financial reporting and auditing standards. At present, the world is focusing on the organization of accounting and auditing of financial results in accordance with international standards.