AUDIT OF CASH RESOURCES OF TRADING COMPANIES: METHODOLOGICAL ASPECT

Abstract

The opinion of most scholars is supported, stating that the functioning of trading companies is impossible without proper management of financial resources. Effective financial resource management is a crucial factor in maintaining stability and ensuring the company’s future growth. The purpose and objectives of the audit of monetary resources of a trading company have been identified, as the audit is aimed at confirming or refuting the ability of users of the information contained in the reports to make correct conclusions about the results of economic activity, as well as the financial and property status of the trading company. The approaches of scientists to understanding the essence of the audit of monetary resources have been described, and the sources of obtaining audit evidence during the audit have been outlined. The audit is a key component of the financial resource management system, as it provides additional control over the proper organization of accounting, timely movement, and rational use of funds in the operational and business activities of the trading company. In the process of auditing the monetary resources of a trading company, special attention should be paid to the verification of Form 2, which includes the following stages: first, the accuracy of entering the company’s basic details (address, type of activity, legal form) is checked. Then, the correctness of filling in the reporting details, such as lines and columns, is analyzed. A logical risk analysis is performed to help identify possible fraudulent actions or errors in accounting. Accounts are also verified, and the materiality of deviations in the reporting indicators is assessed. The final stage involves monitoring compliance with the reporting deadlines according to legal requirements. The process of auditing monetary resources should not be limited to generally accepted standards and procedures. Based on the results of the audit, an auditor’s report is prepared, which details the identified deficiencies, analyzes their causes, and provides recommendations for their correction. This audit helps the company’s management make informed decisions, effectively manage finances, strengthen trust among partners and investors, and reduce the risk of financial losses.