Legislation mechanism of auditing machine-building enterprises in the Russian Federation

Abstract

Abstract The main goal of machine building enterprises’ audit is to protect the interests of its owners and society in general, to give a sense of confidence to users that financial reporting is authentic, due to objective and independent assessment of information about the activity of economic subject. Such confirmation can be got in auditor’s report, where he gives the assessments about authenticity of financial reporting, conforming to legislation the accounting record-keeping. Most theoretical-methodological and sector-scientific problems of audit are connected with uncertainty of its legal aspect. Priority of stated problems, its theoretical, methodological and practical meaning and argumentative issues defined the choice of the research topic, its goal and tasks. The goal of research is to prove the mechanism of realization of legislation about audit of economic entities, including machine building enterprises, to define the reasons of cooperation of its structured elements and to show up problems and argumentative issues in issues of legal assessment of mechanism of realization of legislation about audit. Research is based on general-purpose method, application-specific and social methods. Method of structural-functional analysis was used to study mechanism of realization of legislation about audit as economic-legal event allowed to define each of its elements from the point of view of definite functional assignment. The legal mechanism of audit is defined in this study, including its components. Method of legal regulation as institutional aspect of audit, which are regulated by audit, techniques and methods of establishment of rights and duties of subjects of regulating economic-legal relations.