РЕВИЗОРСКИ ИЗВЈЕШТАЈИ У ФУНКЦИЈИ ПОБОЉШАЊА КВАЛИТЕТА ФИНАНСИЈСКОГ ИЗВЈЕШТАВАЊА
AUDITOR‘S REPORTS IN THE FUNCTION OF IMPROVING THE QUALITY OF FINANCIAL REPORTING

Author(s): Jelena Poljašević
Subject(s): Business Economy / Management, Financial Markets, Accounting - Business Administration
Published by: Savez računovođa i revizora Republike Srpske
Keywords: quality of financial reporting; audit reports; audit opinion;
Summary/Abstract: The quality of financial statements is influenced by a large number of factors. By expressing an opinion on whether the financial statements are fair and objective, auditors assess the quality of the financial statements. Analyzing the audit opinions of subjects in the public sector of the Republic of Srpska, it was determined that the quality of financial reports did not improve in the period 2016-2022, because the number of modified opinions and the number of recommendations, especially in the last three years, continuously increased. On the other hand, the audit reports themselves are inadequate in certain cases, because unmodified opinions are expressed for financial statements in which accounting policies are not disclosed, these policies are not in accordance with the requirements of IFRS/IAS, the audited companies did not disclose problems with going concern or did not disclose other information necessary for understanding and fair presentation of financial statements.

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