graduate student
Russian Federation
The article deals with the procedures for auditing combined financial statements. It is noted that combined financial statements are becoming important for investors, due to the sanctions policy of the external environment, which required changes in the designation of the ultimate beneficiaries of corporations and holdings. Changes in the organizational structures of large holdings and corporations are primarily associated with the division of business into separate economic entities, legally unrelated to each other, which entails the need to determine the value of total assets and determine the results of groups of companies, legally unrelated to each other, but which are under common control or perform a joint important national economic task (e. g., a government contract, including a government defense order) or investment (e. g., a government contract, including a government defense order). The audit of combined financial statements is governed by auditing standards, which provide for the preparation of financial statements in accordance with special rules. At the preliminary stage of the audit, at which the possible risks of activity and environment of the economic entities whose reports are included in the reporting perimeter are analyzed, the auditor checks the reasonableness of inclusion (or not) in the combined financial statements, accounting reports of individual economic entities, which may correspond to the fulfillment of the task set in the preparation of combined financial statements.
audit, combined financial statements, consolidated financial statements, special purpose concept, audit risk
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