The features of intangible assets audit: analytical procedures and inspection

Abstract

Increasingly, information, which is recorded on the reports, requires independent appraisal for user getting certainty about the financial position of enterprise. To provide such confirmation, the independent audit is a necessary procedure. Due to the fact, that level of intangible assets is all the time increasing, special attention should be paid to methods, which are used during the external review of specific objects. The article deals with the analysis of the existing problems of independent audit of intangible assets. This audit aims to work out the ways for its improvement taking into account the specific character of the mentioned object.

It has been grounded the necessity of audit systematic approach particular the analytical procedures to enhance objectivity in formulating the auditor's report. The mistakes of accounting have been identified during the research. They are considered as a base for developing proposals referring to the audit process.