Strategic Decisions in the Context of Company Audit

  • S. V. Selishchev National Academy of Statistics, Accounting and Audit
Keywords: assumption of continuity, financial reporting, audit, audit risk, strategic decisions, audit evidence


Strategic decisions of companies which, if analyzed and summed up by auditor, give auditor evidence of the occurrence or absence of audit risk of company’s ongoing operation in the foreseeable future. Particular attention is paid to defining the signs of business strategies which implementation is incompatible with the company’s future operation.

The objective of the article is to study and systematize the process of taking and implementing strategic decisions in the context of company audit.

At theoretical level, auditor needs to be aware that effective companies often carry out structural changes in order to comply with volatile market conditions or enhance their competitiveness.

When planning audit, an auditor needs to consider the classification of company strategies by the criterion of their impact on the company’s economic growth. This classification is highlighted in the article.

Analysis of current practice shows that companies facing risk of shutdown in the foreseeable future are characterized by large amounts of surplus assets and employees, not enabling them to make main products cost-effective in short terms.

A key problem for companies, especially in times of crisis, is search for extra funds to implement stabilization measures. Its solutions include: a) obtaining of internal reserves due to business restructuring; b) mobilization of external resources on project basis, by issue of shares, sale of assets, obtaining of loans, etc.

Auditor needs to grasp whether the type of strategy chosen by company management is designed for company’s economic stabilization or its shutdown.  


Download data is not yet available.


1. Сухарський В. С. Економічний словник-довідник . Т.: Богдан, 2002. 720 с.

2. Данилевский Ю. А. и др. Аудит: уч. пособ. М.: ИД ФБК-ПРЕСС, 2000. 544 с.

3. Бутинець Ф. Ф. Аудит і ревізія підприємницької діяльності: навч. посіб. Житомир: ПП “Рута”, 2001. 416 с.

4. Гончарук Я. А., Рудницький B. C. Аудит: навч. посіб. Львів: Світ, 2002. 296 с.

5. Давидов Г. М. Аудит: підруч. К: Ліга, 2004. 336 с.

6. Кулаковська Л. П., Піча Ю. В. Організація і методика аудиту: підруч. К.: Каравела, 2009. 544 с.

7. Петрик О. А Аудит: методологія та організація: моногр. К.: КНЕУ, 2003. 260 с.

8. Проскуріна Н. М. Процедурне забезпечення аудиту. Теорія та практика: моногр. К.: ДП “Інформ. аналіт. агентство”, 2011. 739 с.

9. Редько А. Ю. Аудит в Україні. Морфологія: моногр. К.: ДП “Інформ. аналіт. агентство”, 2008. 493 с.

10. Савченко В. Я. Аудит: навч. посіб. К.: КНЕУ, 2002. 322 с.

Abstract views: 91
PDF Downloads: 64
How to Cite
Selishchev, S. V. (2017). Strategic Decisions in the Context of Company Audit. Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, (4), 34-38. Retrieved from