ORGANIZATION OF INTERNAL AUDIT OF ACCOUNTS WITH SUPPLIERS AND CONTRACTORS

Abstract

Purpose. The aim of the article is to study the organization of internal audit of payments with suppliers and contractors. Methodology of research. We used the following tools of scientific research methods to achieve this goal: dialectical method of cognition – to clarify the concept of obligations, calculations, debt; analytical and monographic – in the study of literary sources; system and analytical method – in the study of legislative or other regulations on internal audit of settlements with suppliers and contractors; formalization – in determining the sequence of internal audit of payments with suppliers and contractors; abstract and logical method – for generalization of theoretical propositions, formation of conclusions and suggestions. Findings. Theoretical aspects of the organization of internal audit of payments with suppliers and contractors are considered and characterized. Originality. The consistency of internal audit of payments with suppliers and contractors is substantiated. It is argued that the internal audit of payments with suppliers and contractors is an important element in the control system, because timely verification provides the formation of complete, reliable information about the status of payments with suppliers and contractors for material assets received, work performed and services required for users of financial statements for management and development of the enterprise. The functions and tasks of internal audit of payments with suppliers and contractors are theoretically substantiated and defined. The sequence of internal audit of payments with suppliers and contractors is proposed, which provides the stages of verification and procedure, which is the basis for the formation of an effective internal control system. Practical value. The main points of this study can be used by enterprises to ensure timely, complete and transparent settlements with suppliers and contractors.