Peculiarities of the balance sheet audit

The article is devoted to the peculiarities of auditing of the balance sheet in modern conditions. The balance sheet is the main form of accounting statements based on the data of which it is possible to analyze the results of the enterprise. The article reflects the theoretical and applied aspects of auditing financial statements. Modernization of audit profession substantiated by the use of international standards, standardization and development of audit services market requires from audit firm to increase the diversity and quality of services provided. The directions for improvement of application of audit tools, improvement of quality of balance sheet indicators have been revealed. In particular, it has been suggested to use forecasting of indicators of balance sheet and budgeting of income, expenses and target indicators.