METHODOLOGY OF AUDIT OF FORMATION OF RESERVES FOR DOUBTFUL DEBTS

Task. The article deals with theoretical and practical aspects of audit of accounting for the creation of reserves for doubtful debts of companies. The features of their formation in connection with the regulatory and legal changes in the Russian Federation on these aspects are assessed. The problem lies in the fact that since the formation of provisions for doubtful debts is not an element of accounting policy, but is a mandatory requirement in case of detection of the risk of non-payment of obligations by debtors of the company, it is easier for the auditor to prove his case in case of deviations. Model. In order to confirm these aspects, the article examines a number of statistical indicators for 2016-2017 and 2018 -2019. Summary. It is concluded that the auditors need to pay attention to the correctness of the formation of reserves for doubtful debts due to the fact that the creation of reserves can significantly reduce the tax base on income tax for the company. Practical importance. The practical significance of the article is that the conclusions and proposals are aimed at strengthening the emphasis on audit in the audit of the specified segment of financial statements. Originality. The study conducted by the authors revealed that the new reality has changed the attitude to the calculation of debt and considered examples of correct recognition of debts as doubtful.

reserves for doubtful debts, accounts payable, accounts receivable, accounting, audit methodology