THE VALUE OF INTEGRATION IN CERTAIN TYPES OF AUDIT TO IMPROVE THE CHECK OF FIGURES OF CONSOLIDATED TAXPAYER` S INCOME TAX
The article illustrates the role of accounting financial statements as an information base for decision-making on financial and economic activities of the organization, and its investment attractiveness. The author illustrates the necessity of the audit of the consolidated taxpayer’s income taxes, and the value of the audit risk when checking the consolidated financial statements, where the main element is a set of integration risk as the possibility of identifying misstatement of the consolidated financial statements. The article analyzes the features, function and integration of individual types of the consolidated taxpayer`s audit settlements. Special attention is paid in part to the integrated accounting system and the parallel accounting system as an information basis for the comprehensive audit. The author determines the integration of certain types of audit to improve the check of figures of the consolidated taxpayer`s income tax.
Keywords: audit, tax, income tax, income tax liabilities, consolidated taxpayer, financial, and tax auditing, integration, risks, holding structures.
Nikita N. Shamonin, a post-graduate student. Ogarev Mordovia State University.