The role of auditing in improving the transparency and reliability of financial statements

against the background of the increasing complexity of economic relations, combined with increased requirements for the quality of financial information, the problem of ensuring the reliability of relevant reporting and its transparency is of particular importance. Existing studies demonstrate contradictory approaches to the role of trends in auditing: some experts insist on full automation of verification processes, others point to the indispensability of the auditor's professional judgment. The transformation of the methodological base under the influence of technological innovations, which requires a rethinking of established and familiar approaches to the verification of financial information, gives additional relevance to the study. The goal is to comprehensively analyze the place of audit as a tool to increase transparency and reliability of financial statements in modern conditions. The article reveals the theoretical foundations of this activity, explores the psychological aspects of influencing the behavior of report compilers, analyzes the relationship between qualitative verification and the cost of raising capital. As a result, it was found that the effectiveness of the described tools increases significantly with the synergistic interaction of traditional techniques and breakthrough digital developments. The author comes to the conclusion that technological transformations do not negate the importance of human participation, but create additional opportunities. The materials of the article are of practical value for auditors, financial directors, and specialists in the field of internal control.

audit, reliability of reporting, information technology, professional judgment, financial reporting, digitalization, economic security