THE ASPECTS OF AUDIT AND ECONOMIC ANALYSIS OF INTEGRATED REPORTING

In the paper, the authors formed the definition of the integrated reporting as the possibility to obtain necessary information on the company activity, its goals, objectives and prospects and proved the role of the integrated reporting for the sustainable development of an enterprise. To be the sustainable development, the authors mean the development aimed to achieve the balance between the business entity activities and the environment based on the principles of sustainability, precaution, as well as the use of high technologies and the education of personal qualities within the team. It is pointed out, that the small and medium-sized businesses can use the integrated reporting as the tool for implementing the system of corporate governance. The authors emphasize the audit role in the integrated reporting preparation and the control assessment of integrated report data quality – reliability and consistency. The authors identified the stages of the audit designed to assist in the integrated reporting preparation: the integrated reporting scope verification, the development of the report structure, the information preparation, and the integrated report filling in. The paper defines that the auditors may use the balanced scorecard model as the tool to combine financial and non-financial indicators of integrated report. The authors establish the directions of the company value audit: the assessment of expected income and equity capital; the comparative analysis of the study subject and the peer companies.To be the analytical procedures while assessing the integrated report non-financial indicators, the authors identify the methods for estimating the enterprises’ environmental efficiency, the environmental rating system and the application of the integral coefficient of assessment of the social responsibility system. To be the analytical procedures while assessing the integrated report financial indicators, the authors define the methods of assessment of the company performance, solvency and financial stability.