JUDGEMENTS IN THE IMPLEMENTATION OF TASKS OF AUDIT OF FINANCIAL INFORMATION

Abstract

The auditor's judgment is the basis for public confidence in the financial information. Therefore the process of its formation and justification can be recognized as the leading mechanisms of ensure  the objectives of the audit.

Therefore we can determine the current research aimed at improving theoretical and practical support of events that promote for understanding of meaningful of auditor's judgment, its role in the implementation of tasks of audit. As a result the auditor's judgment create preconditions for the proper quality of auditor’s work and to realize the expectations of users of financial information.

The substantive response of auditor's judgment is investigated according to the purposes of the content management planning and execution of audit. The possibility is based on assumptions about the role of professional judgment in the implementation of tasks of audit of financial information.

The model of the implementation of tasks of audit of financial information, may be used to determine the sequence of the planning and implementation of appropriate measures to identify the role of judgment at each stage of the audit.

The approach enables to determine the content of the auditor's judgment which is based on recognition of its objective and subjective components. The characteristics of these components on the theoretical, professional and professional levels are described.