Organization Of Information Cooperation In The Audit Process

The implementation of the new recommendations of the International Auditing and Assurance Council resulted in a substantial increase of the amount of mandatory information exchange between the participants of the audit process. Therefore the article has tackled the scientific problem of the formation of a modern paradigm of the audit user information support through the establishment of audit information interaction of the participants in the audit process. Recommendations for improving the organization of information interaction in the audit process have been developed and theoretically justified. The graphical method, the method of theoretical generalization, comparative analysis and a system approach to the study of the theory and practice of information interaction in the audit process have been used in the research. The idea of interaction has been proved to be a key principle which can be used in the formation of an approach to understanding the audit as the information process. The audit process has been qualified as a set of information processes of search, collection and storage, transmission, processing, use and protection of information. The identification of information flows has been proved expedient to provide a proper performance of the audit process. The classification of information flows in the audit process has been specified. The use of the term "a participant in the audit process information cooperation" has been proved appropriate. The composition of information cooperation has been specified and the basic information relationships in the audit process have been identified, which in practice will increase personal responsibility for the completeness and quality of the information provided and ensure an adequate objectivity of the auditor's judgment. The definition of the information interaction in the audit process and its constituent organizations have been clarified. The features of the information interaction of the auditor with the management personnel in terms of introducing a new edition of the International Auditing Standards have been identified and practical recommendations on the improvement of this interaction effectiveness have been developed.