FINANCIAL ANALYSIS IN THE AUDIT OF AGRICULTURAL ORGANIZATIONS

Issue № 2, 2026, article № 22, pages 218-226

Section:

Language: Russian

Original language title: ФИНАНСОВЫЙ АНАЛИЗ В АУДИТЕ СЕЛЬСКОХОЗЯЙСТВЕННЫХ ОРГАНИЗАЦИЙ

Keywords: AUDIT, FINANCIAL ANALYSIS, FINANCIAL ANALYSIS TOOLS, ACCOUNTING (FINANCIAL) STATEMENTS, AUDITOR&, #39, S REPORT, KEY AUDIT ISSUE

Abstract: Leading an audit of an economic entity accounting (financial) statements reliability operating, including in the field of agriculture, implies conducting analytical procedures provided for in the relevant provisions of International Standards on Auditing. The composition of analytical procedures is determined by the auditor independently based on the audit plan drawn up by him and may include both a methodology for comparing indicators and a full-fledged financial analysis toolkit that allows for a comprehensive analysis of the audited entity. Since the use of financial analysis tools makes it possible to increase the effectiveness of the audit, based on the results of its conduct, it is possible to make recommendations to the organization being audited, if this is provided for by the concluded contract. In this paper, the study of the audit report of Miratorg Finance LLC, which finance the projects of the Miratorg Agricultural Complex, was conducted to demonstrate the advantages of financial analysis tools using the example of the key issue of the audit of accounting (financial) statements for 2024: long-term and short-term borrowed funds with significant balances in the balance sheet of the organization. In addition, this auditor's report expressed doubts about the continuity of Miratorg Finance LLC due to the loss in 2024, which required an analysis of net profit (loss) and retained earnings (uncovered loss) in the statement of financial results and balance sheet respectively.

Authors: Tatarovskaya Tatyana Evgenievna