METHODOLOGICAL ASPECTS OF ASSESSMENT OF CONTINUITY ACTIVITIES OF BUSINESS ENTITIES DURING INTERNAL AUDITS

Abstract

This article discusses the methodological issues of assessing the continuity of business entities in the process of audits. As a result of the research, the stages of business continuity, the impact on the reliability of financial statements, the composition of analytical procedures used to assess business continuity, the analysis of financial results of the audit organization and the impact on the types of audit conclusion are scientifically substantiated. During the research, the analytical methods for assessing the continuity of business entities have been developed. In particular, the necessity to form an audit opinion through the analysis of the financial condition and performance indicators of the business entity was highlighted. The study provides a scientific basis for the continuity of the type of audit report using international standards. The article describes how the auditor predicts the future activities of the business entity using the principle of continuity. The results of the study are used by audit organizations to conduct audits in accordance with international standards.