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dc.contributor.authorZhukova, A. K.-
dc.contributor.authorZhukov, A. L.-
dc.identifier.citationZhukova, A. K., & Zhukov, A. L. (2018). Materiality in audit of financial reporting party conducting accounting of joint activity. European Research Studies Journal, 21(4), 109-118.en_GB
dc.description.abstractThe study aims to develop recommendations for auditors in determining the level of materiality in the audit of the financial statements of a legal entity that is a responsible party to the simple partnership agreement. According to the author, for a separate balance sheet and income statement of the joint activity of the participants, the data which are not reflected in the statements of the audited entity conducting the joint activity and its accounting, is reasonable to be included in the calculation of materiality. The joint activity data plays an important role in the preparation of the audit plan, as being unverifiable by external supervisors, except for representatives of the parties under a simple partnership agreement. An auditor applies his/her professional judgment, experience and theoretical knowledge in the field of accounting and taxation of joint activities under a simple partnership agreement, to independently determine the indicators of joint activities that can affect the audited financial statements. The author used the following research methods: analysis, synthesis, observation, experiment and so on, which are based on the practical activities of the author and participation in audits and consultations as an expert. The study allowed recommendations for the auditors to choose indicators of financial statements during the audit, which will allow being cautious in the preparation of the audit report. Scientific novelty is the problem of determining the materiality in the audit in the actual presence of a separate balance sheet of joint activities, the data of which are not included in the audited statements but can affect it.en_GB
dc.publisherUniversity of Piraeus. International Strategic Management Associationen_GB
dc.subjectAuditing -- Standardsen_GB
dc.subjectAuditing -- Russiaen_GB
dc.subjectMaterial facts (Law) -- Russiaen_GB
dc.titleMateriality in audit of financial reporting party conducting accounting of joint activityen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleEuropean Research Studies Journalen_GB
Appears in Collections:European Research Studies Journal, Volume 21, Issue 4

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