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The Role of Non-Financial Reporting in an Integrated Approach to Auditing Public Interest Entities
Fedorov I. O., Hordopolov V. Y.

Fedorov, Ihor O., and Hordopolov, Volodymyr Yu. (2024) “The Role of Non-Financial Reporting in an Integrated Approach to Auditing Public Interest Entities.” Business Inform 8:335–340.
https://doi.org/10.32983/2222-4459-2024-8-335-340

Section: Accounting and Auditing

Article is written in Ukrainian
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UDC 657.631.6

Abstract:
Modern businesses are increasingly aware of their responsibility to society and the environment. This is driving the development of an integrated approach to auditing that encompasses not only financial but also non-financial aspects of a company's operations. The integration of non-financial reporting into the auditing process of public interest entities is a key element of this process. This article analyzes the role of non-financial reporting in ensuring effective investment auditing and its impact on investment decision-making. The aim of the article is to examine the role of non-financial reporting in the investment auditing process of public interest entities, to determine its impact on the quality of investment decision-making, and to develop recommendations for improving the methodology of conducting such audits. The article analyzes the theoretical foundations and practical aspects of integrating non-financial reporting into the investment auditing process. It identifies the key elements of non-financial reporting that have the greatest impact on investment decision-making. Proposals are developed to improve the methodology of investment auditing, taking into account the requirements for non-financial reporting. It is concluded that the integration of non-financial reporting into the investment auditing process is a necessary condition for ensuring a comprehensive assessment of the activities of public interest entities. It allows investors to make more informed decisions and companies to increase their investment attractiveness. The research conducted confirms that non-financial reporting is an important tool for assessing the long-term sustainability of a business and its impact on society and the environment.

Keywords: non-financial reporting, audit, investment audit, investment activity, investment decisions, enterprises of public interest.

Bibl.: 13.

Fedorov Ihor O. – Postgraduate Student, Department of Financial Analysis and Audit, State University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]
Hordopolov Volodymyr Yu. – Doctor of Sciences (Economics), Professor, Professor, Department of Financial Analysis and Audit, State University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]

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