Issue: № 4/1, 2020
Doi: https://doi.org/10.37634/efp.2020.4(1).3
Introduction. The structure of a modern enterprise is mainly characterized by the presence of a large number of fixed assets. The aviation industry is no exception, which is why most businesses in this area build their operations using a significant amount of non-current assets. Drawing on the experience of domestic and foreign companies, it should be noted that an internal and external audit is one of the most important stages of managing non-current assets. Therefore, it should be noted that the proper work of the auditor, namely the effective methodology used to carry out the procedure, the use of the optimal plan and the necessary steps, is the key to expressing an objective audit opinion, on the basis of which the company will be able to make sound management decisions The purpose of the paper is to investigate the peculiarities of construction of the process of audit of fixed assets at aviation enterprises. Results. The audit may be carried out on the initiative of the enterprise and in cases provided for by law. Three groups of auditors should be distinguished: state, internal, independent. The audit process, in order to increase its effectiveness, should be clearly planned and take into account the specific nature of the enterprise. The objectives of the audit of fixed assets are: checking the existence of assets at a certain date, checking the accuracy of registration of their receipt, use and disposal, as well as ownership of them. Checking the valuation of fixed assets. When designing the audit process, the auditor should be aware that most aviation industry entities have a large number of leased property in their non-current assets, accompanied by accounting features and nuances. Conclusion. In the course of the research it was found that audit of fixed assets of an enterprise is one of the most important processes in carrying out an activity regardless of its direction. Audit of non-current assets in the aviation industry has its own peculiarities, but properly planned and methodically constructed process of verification will eventually lead to the expression of objective audit opinion, which will become the basis for management decisions.
Keywords : audit, assets, non-current assets, fixed assets, intangible assets, audit methodology, aviation enterprise
References:
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