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The Accounting-Analytical Aspects of the Internal Audit of Utility Enterprises
Honcharuk S. M., Priymak S. V., Shot A. P.

Honcharuk, Svitlana M., Priymak, Svitlana V., and Shot, Anna P. (2020) “The Accounting-Analytical Aspects of the Internal Audit of Utility Enterprises.” Business Inform 2:307–313.
https://doi.org/10.32983/2222-4459-2020-2-307-313

Section: Accounting and Auditing

UDC 657.633:332.8

Abstract:
The article substantiates the need to strengthen the role of internal audit in the activities of utility enterprises. The purpose of their operation is to provide quality service to utility customers. In today’s conditions and because of the impact of the crisis developments, utility enterprises are mostly unprofitable. Utility enterprises are characterized by a number of negative tendencies, such as the deterioration of the technical and financial-economic condition, the increase in consumption of energy, water and other resources, as well as the decline in the quality of services provided. These factors highlight the need to introduce an internal control system into activities of such enterprises. The authors analyze the city budget’s expenses for repayment and servicing of local debt in the context of utility enterprises; dynamics of the number of housing and utility enterprises in Lviv; structure of expenditures of the general fund of the city budget for 2020. An algorithm for conducting an internal audit of the utility enterprise, the form of the auditor’s working document on the formation of information on the timing and way of occurrence of payable (receivable) debt of the corresponding entity of economic activity are proposed. The internal audit process consists of a thorough examination of operations and is not only a study of the facts of the past, but also a prevention of negative phenomena in the future. The internal auditor must understand, be able to identify and correct deficiencies that contain certain elements of the utility enterprise’s accounting policy, distortions in registers and records, obtain evidence of these shortcomings and distortions, and report this information to management. Its recommendations should help to reduce costs and improve the efficiency of activities of the utility enterprise, creating the conditions for the implementation of its general strategy.

Keywords: utility enterprise, internal audit, debts, control, risks assessment, audit procedures, reforms, territorial communities.

Fig.: 3. Tabl.: 1. Bibl.: 16.

Honcharuk Svitlana M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Analysis and Control, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]
Priymak Svitlana V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Analysis and Control, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]
Shot Anna P. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Analysis and Control, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]

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