History of Views on Audit of Commercial Structures Management Quality

The article studies the views on the problem of audit, economic control, and revision. Comparative characteristics are performed. Audit is viewed from the point of view of criteria as an independent competent study of an economic subject. Information base is studied from the point of view of organizational & legal, tax, financial & analytical, and reserve regulation according to the set criteria and standards. During the research, the authors used the international standards of audit of the ISO series, defining audit as a documented process of obtaining the proofs of audit and their objective evaluation for the purpose of establishment of the level of execution of coordinated criteria of audit. It is established that audit is an independent verification of authenticity of financial accounting and economic subject accounting, performed by external auditor and internal competent employee on the basis of observation of existing provisions and standards. Besides, a reason for negative phenomena in organizations is inadequate system of management, which characterizes instability and uncertainty of managerial decisions. Thus, quality of development and organization of management process determines the work of the organization on the whole and its structural departments in particular. Based on this, the authors set limits and peculiarities of management quality. One of the forms of management control is internal audit. The sense of audit of organization’s management control is defined as a process of study and evaluation of authenticity of data of financial accounting and other financial information that characterizes financial and economic activities of organization. It is emphasized that goals of revision, internal and external general audit, internal and external audit of management quality are determined by organization’s management. However, during conduct of external general audit, the tasks are determined not only by organization’s management but by the law as well (in case of mandatory audit). Besides, during revision, performed by revision commissions formed by the above organization, the goals are determined not by the management of inspected organization but by the above organization.