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Formalization of User's Confidence of Financial Information in the Audit Report

Author

Listed:
  • Oleksandr Sherstiuk

    (Kyiv National University of Trade and Economics, Kyiv, Ukraine)

Abstract

This article is devoted to solving of confidence formalization problems, provided to users of financial information in the audit report. Complex nature of confidence that is formalized in the audit report was specified. Therefore, elements of user's confidence of financial information were pointed out. Availability of content's influence and influence of results of each audit stage according to the professional opinion of the auditor, that is the basis of confidence, was discovered. It was justified the possibility of solving on the basis of complex specification of reliance of the theoretical justification problems of the need to include certain blocks of data concerning the performed work by the auditor to the audit report. Results of such justification will help to neutralize the contradictions that arise in the auditor's relationship (as executors of tasks on the reliance provision) and in the relationship of users of their work results.

Suggested Citation

  • Oleksandr Sherstiuk, 2016. "Formalization of User's Confidence of Financial Information in the Audit Report," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 128-133, September.
    • Handle: RePEc:iaf:journl:y:2016:i:3:p:128-133
    as

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    File URL: http://www.afj.org.ua/pdf/413-formalizaciya-upevnenosti-koristuvachiv-finansovoi-informacii-v-auditorskomu-zviti.pdf
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    File URL: http://www.afj.org.ua/en/article/413/
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    References listed on IDEAS

    as
    1. Oleh Pasko, 2013. "Transformation of Auditor's Report Structure, Content and Scope in International Standards on Auditing," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 80-91, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    audit report; users of the financial information; confidence of users of financial information; formalization of confidence of users of financial information; comprehensive characterization of confidence of users of financial information;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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