Subject. The study addresses the problem of formulating a modern concept of audit, which assumes verification of reliability of accounting (financial) statements and assessment of auditee's performance efficiency. Objectives. The aim is to search for tools to assess the going concern assumption, develop models to predict a satisfactory balance sheet structure based on relationship between current liquidity, current asset turnover and profitability. Methods. The study rests on methods of systems and functional-structural analysis. Results. The paper offers a correlation-regression model for predicting the satisfactory structure of balance sheet. It confirms the hypothesis about the existence of relationship between the indicators of current liquidity, turnover of current assets and profitability; proves the possibility of using the assessment of unsatisfactory structure of auditee's balance sheet to conclude that the latter is able to continue as a going concern. Conclusions. The findings can be applied to optimize business processes.
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