AUDIT AND ANALYSIS OF ACCOUNTS PAYABLE

Abstract

Introduction. The problem is related to the low quality of debt management at many enterprises. In many cases, there is no clear system for monitoring payables, which allows overdue debts to accumulate, which negatively affect the company's financial condition and reputation. In addition, irregular audits and insufficient attention to debt analysis can lead to fines, a decrease in the company's credit rating, and difficulties in relations with suppliers and partners. Purpose. This study is to develop an effective methodology for the analysis and audit of accounts payable, which will allow timely identification of problem debt and optimization of the debt management process in companies. Thus, companies will be able to avoid an excessive load on working capital and maintain an adequate level of liquidity. Methods. It included the analysis of financial statements, comparative analysis, as well as the application of the coefficient method of evaluating financial indicators. In addition, auditing techniques were used to verify the correctness and completeness of accounts payable. Results. They showed that enterprises that regularly conduct audits and analysis of payables have a higher level of financial stability, react more quickly to changes in the debt structure and prevent the occurrence of overdue liabilities. The results also demonstrate that the optimization of payables helps to increase the efficiency of working capital management and provides financial flexibility. Conclusion. Timely analysis and audit of payables contribute to reducing the risks of loss of solvency, increase the transparency of financial reporting and contribute to the development of trust among partners. Regular monitoring allows you to make informed management decisions, reducing the financial burden. The author's specific proposals include the development of a standardized methodology for auditing accounts payable at small and medium-sized enterprises, which will facilitate the implementation of these processes. In addition, it is proposed to implement an early warning system to identify potentially problematic liabilities, which will allow companies to take appropriate debt management measures in advance.