Selected methods of financial statement audit

Abstract

The main objective of the article is to present a review of literature concerning methods used during a financial statement audit by auditors. Subsequently, the attention was paid to objectives and principles of financial statement audit based on the International Standards on Auditing. In addition to that the most important sources of information used during the audit of financial statements were listed and characterized.
The structure of the article also includes a classification of chosen methods of financial statement audit, such as: systemic, analytical, transactional, full and random methods. Moreover, the article presents the stages of audit of financial statements together with their detailed characteristics Furthermore, special at-tention was paid to significance. Its proper characteristics are essential to choose the right method used during the audit of financial statements.