APPLICATION OF ELEMENTS OF ACCOUNTING METHOD IN INTERNAL ECONOMIC CONTROL AND AUDIT

Abstract

The theoretical aspects of the application of elements of the accounting method were studied. Elements of the accounting method in the work of auditors and controller-accountants were analysed and systematized. The result of applying the elements of the accounting method in solving the professional aspects of controllers and auditors is an increase in the efficiency of management at the enterprise. Their coordinated application contributes to the identification of internal reserves of the enterprise, optimization of costs, ensuring the preservation of assets and compliance with the requirements of current legislation. In addition, it was found that the systematic use of accounting elements enhances the analytical function of accounting information, which, in turn, improves the quality of management decision-making. The results of the study can be used to improve accounting and analytical work at enterprises in various sectors of the economy. The article offers an expanded view of the application of elements of the accounting method in systems of internal economic control and audit is a complex and multi-level process that ensures the reliability of accounting information, increases the level of economic security of the enterprise and creates a basis for making effective management decisions, is a necessary condition for ensuring the transparency of financial and economic activities and compliance with the principles of good faith business conduct. The purpose of the article is to study the theoretical and methodological aspects of the application of elements of the accounting method in solving professional aspects in the professional activities of an accountant, controller-accountant and auditor, to determine ways to overcome them, and to increase the efficiency of management at the enterprise. The study was based on the application of methods of analysis and synthesis, which made it possible to more deeply comprehend the essence of concepts and identify the internal logic of the relationships between accounting categories. Formation of an analytical base for internal economic control and audit coordinated application of elements of the accounting method contributes to the identification of internal reserves of the enterprise, optimization of costs, ensuring the preservation of assets and compliance with the requirements of current legislation.