AUDIT FEATURES OF THE FIRST IFRS FINANCIAL STATEMENTS

Abstract. This article focuses on the financial audit of first statements prepared in accordance with International Financial Reporting Standards (IFRS). Also, examines requirements for training, maintenance and design workers Auditing (ISA) 230 «Audit documentation». The identifies main objectives, relevance need an IFRS statements. sources information such have been formed. analyzes Based these requirements, criteria are formed according to which auditor will check correctness transition company from national international standards. procedures that be applied by performing identified. research identified importance accounting policies. verify compliance policy standards defined. role proper use reasonable cost There application, important when auditing provides overview transformation file as one audit. procedure help a is analyzed. auditor’s determined. IFRS, allowed form documentation ISA. composition should upon completion indicated. Keywords: audit, report, ISA, JEL Classification M41 Formulas: 0; fig.: 2; tabl.: 1; bibl.: 13.