International Accounting
 

Auditor's report as an object of forensic accounting examination

Vol. 21, Iss. 7, JULY 2018

Received: 25 June 2018

Received in revised form: 2 July 2018

Accepted: 5 July 2018

Available online: 16 July 2018

Subject Heading: AUDIT ACTIVITY

JEL Classification: М42

Pages: 779–788

https://doi.org/10.24891/ia.21.7.779

Yumatov V.A. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
yumatovva@yandex.ru

ORCID id: not available

Kozmenkova S.V. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
skozmenkova@yandex.ru

ORCID id: not available

Frolova E.B. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
elina_firman@mail.ru

ORCID id: not available

Subject This article considers the issues of audit activity in Russia, performed on the basis of the International Standards on Auditing (ISA), which differ from the previously used in Russia national standards, i.e. Federal Auditing Standards.
Objectives The article aims to study the International Standards on Auditing in terms of auditor's report, audit opinion, as well as compare the structures of the auditor's report presented in Federal law № 307-ФЗ On Auditing and ISA.
Methods For the study, we used the method of comparative analysis.
Results The article finds that the structures of the auditor's reports presented in Federal law № 307-ФЗ On Auditing and International Standard on Auditing 700: Forming an Opinion and Reporting on Financial Statements differ significantly. Thus, in the process of conducting forensic accounting, it is necessary to determine in accordance with what document the auditor's report has been drawn up. This is of great importance for the expert's conclusions on the results of forensic or non-forensic examination.
Conclusions and Relevance The article concludes that in the process of forensic accounting examination, it is important to study the international auditing standards guiding and governing the auditor's report on financial statements. The results of this article can be applied in the theory and practice of audit and forensic accounting.

Keywords: auditor's report, forensic accounting expert examination, International Standards on Auditing, ISA

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