Concept of the enterprise’ life cycle as a factor of the auditing methods selection.

Abstract

The concept of the life cycle is widely used in management practice for formulating and analyzing the adequacy of strategies, assessing the competitiveness of the enterprise, managing human resources, etc. At the same time, such important function and enterprise management subsystem, as independent audit, remain out the discussion. The purpose of the work is to study the influence of the enterprise’ life cycle stages on the audit methods. The study describes the impact of the life cycle concept on such subsystems of the enterprise as organizational structure, enterprise economics, human resources, technology. Considered advantages (opportunities) and disadvantages (threats) of enterprise development at such life cycle stages, as creation, development, maturity, decay. Identified tasks and methods of auditing in the continuation of functioning, sanation and liquidation of the enterprise in accordance with standards of international quality control, auditing, review, other assurance, and related services pronouncements. According to the results of the research, conclusions are drawn, prospects for further searches are outlined.