The prospective aim of financial statements audit
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The problem of financial statements credibility as well as assessments and opinions based on it is related to three fields of interests: accounting, financial analysis and financial audit. The proper determination of financial audit objective and its conditions are particularly important. At present, the auditor should not only assess an entity's relations with its environment but also its decisions, which is reflected in the ability to continue functioning as a business entity.The above presented aim of financial statements audit imposes higher require-ments on external auditors. It is particularly important to realize the importance of financial analysis and planning and to use it to a greater extent. The postulate to review legal regulations relating to audit objective coincides in time with the IFAC's International Education Standards, which stress the competence and ethical aspects of the accounting profession.
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