AUDITING OF SETTLEMENTS WITH PERSONNEL ON REMUNERATION IN A DEVELOPING ECONOMY
Nowadays the great attention is paid to the processes of accrual and accounting of wages. The existing methods of accounting and regulating wages are quite extensive, so formation an effective management system is an essential condition for improving the competitiveness of companies and developing the economy. Currently, not all organizations are subject to mandatory audits, and many conduct initiative audit to prevent errors and comply with legislation when accounting for remuneration. The issue ofreliability ofpayroll calculations and timely payment ofwages is relevant, since this particular section of accounting attracts increased attention of regulatory authorities. The range of tasks facing the auditor is quite wide. The purpose of the audit ofpayroll transactions is to obtain reasonable assurance that the accounting (financial) statements are free from material misstatement, whether due to fraud or error. It is also designed to assess the effectiveness of the current system of material incentives, identify areas for optimizing labor costs.