DEVELOPMENT OF CORPORATE REPORTING AUDIT WITHIN THE BUSINESS AUDIT CONCEPT

In the context of the development of the information society concept, the implementation of the data economy strategy, and the expansion of the financial market’s capabilities, the availability of comprehensive information on the activities of economic entities is becoming of major importance. Corporate reporting plays this role today, encompassing a set of financial and non-financial indicators across various areas of the company’s activities. A key condition for the usefulness of reported information is its reliability, which in the business world is confirmed through the audit process. In today’s reality, where the value of corporate reporting data is increasing, there is a growing demand for a shift from the concept of financial statement audit to business audit. The purpose of this work is to address the development of audit within the business audit concept as a key control tool for confirming the accuracy of corporate reporting data in the system ensuring the informational transparency of economic entities. The research methodology is based on a systemic study and a series of observations in the area of developing control tools with a focus on a broad understanding of corporate reporting and auditing. The object of the research is the corporate reporting system and audit as a key external control tool. The paper presents a strategic vision of the development of audit, focusing on the transition from financial statement audit to corporate reporting audit. A matrix for the preparation of corporate reporting and its components is developed, recommendations for organizational and methodological aspects of ESG auditing are formulated, and the impact of digital solutions and artificial intelligence on the transformation of the corporate reporting audit process is identified.

audit, business audit, corporate reporting, control tools, informational transparency, reliability, information, company, development, concept

Safonova I. V. Development of corporate reporting audit within the business audit concept. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2025;4(73):169—174. DOI: 10.25683/VOLBI.2025.73.1483.