Audit. Theory and Practice. Textbook for Universities

Audit is a crucial element of the market economy. Without conducting independent financial control - audit - it is impossible to assess the financial position, financial results, and cash flow of an economic entity. This manual explains what audit is and how to conduct it. It consists of two parts. The first part presents theoretical material that reveals the essence of audit based on the current laws and regulations governing auditing activities in the Russian Federation. The second part describes practical methodologies for conducting audits on specific segments of accounting. Self-assessment questions provided after each chapter will help learners determine how well they have grasped the material. The manual is prepared taking into account the latest changes made to the laws and regulations related to auditing activities in the Russian Federation. This educational manual is intended for bachelor students studying in the field of "Economics" and for students specializing in "Economic Security." 2nd edition, revised and expanded.