ABSTRACT
The development of auditing in companies confirms the increase in its importance and use. Evolution is evident in the subject of the audit, the objectives, the form, the auditor’s requirements, the obligation to audit. The reason for the disapproving attitude to its use can be considered: improper perception of the functions of its forms, resulting in a change of attitude of management towards the use of its forms, failure to comply with standards for audit processes and its source provision, problematic identification of the effects of its application and their quantification. The findings are based on some published opinions and findings of their own research. There are few studies that classify audit effects. We analyze similarities and differences in the functionalities of both forms and identify factors that limit the effectiveness of the audit.
