INTERNATIONAL AUDITING AS A TOOL FOR BUSINESS ECONOMIC SECURITY: MECHANISMS AND RISKS
DOI:
https://doi.org/10.32782/2617-5940.1.2026.9Keywords:
international auditing, economic security, audit procedures, risk assessment, internal control, financial reporting, information asymmetry, audit digitalizationAbstract
The article examines international auditing as an important tool for ensuring the economic security of business in the context of globalization and increasing risks. The study focuses on the role of auditing as a mechanism for enhancing transparency in enterprise activities, strengthening the trust of investors and stakeholders, and preventing financial violations and fraud. The research is based on a combination of general scientific and special methods, including analysis and synthesis, comparison, systematization, and generalization. Particular attention is paid to the use of International Standards on Auditing (ISA), risk assessment procedures, internal control systems, and analytical tools for verifying financial statements. The study highlights the role of auditing in forming the economic security system of enterprises, particularly in identifying threats to financial stability, liquidity, and business reputation. It is determined that the effectiveness of auditing largely depends on the quality of information support, the independence of auditors, and the level of corporate governance. At the same time, the article identifies the main risks and limitations of international auditing, including information asymmetry, complex corporate structures, conflicts of interest, and the limited ability to detect non-financial and strategic risks. The influence of digitalization and automation of business processes is also considered, as they expand the possibilities of audit control while creating new challenges related to cybersecurity threats and the processing of large volumes of data. The study substantiates the importance of international auditing as an integral component of the economic security system of business and outlines directions for improving audit procedures. The practical value of the research lies in the possibility of applying modern digital technologies, improving analytical methods for verifying financial information, and strengthening internal control mechanisms to enhance enterprise economic security, minimize financial risks, and ensure business transparency in the global economic environment.
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