AUDIT OF PRODUCTION STOCKS DURING MARTIAL LAW

Abstract

The article is devoted to the audit of production inventories under martial law, so that management personnel can properly manage inventories and production processes at enterprises. For a number of commercial enterprises, inventories are the basis of their operation, and the issue of inventory recognition plays an important role in the stable functioning of the enterprise. The article will present the audit of inventories as a complex and lengthy process that requires high qualifications and concentration of the auditor's attention. The article analyses various approaches to the audit, including verification of accounting records, revaluation of inventories, storage conditions, determination of their value at the balance sheet date, identification of risks and violations, and provides recommendations for improving the inventory management system. It is important to theoretically substantiate the key areas of audit of production inventories with a clear definition of algorithms, their relevance and feasibility, and the sequence of tasks, which will involve the application of audit procedures, the implementation of which in practice will allow an objective assessment of the state of accounting for this component of current assets at an enterprise, identify distortions of accounting data (if any), assess the internal control system and form (express) an independent audit opinion on the compliance of accounting information in the. Taking into account the latest research in this area. The study has shown that there is currently no single universal methodology for auditing inventories, and researchers propose different approaches and tools for conducting an audit, which have changed with the changing environment and political situation within the country.Since martial law makes the concept of sustainable development impossible and calls into question the functioning of the economy in market conditions, and the issue of ceasefire is raised alongside the issue of transition to martial law, it is important to create a unified strategy to maintain capacity in difficult times. Relevant changes are considered in a practical way.