Accounting and Auditing of Intangible Assets

The audit of intangible assets is closely interrelated with their accounting, since the object of the audit is accounting (accounting information). The trends of convergence of federal accounting standards (FSB, namely FSB 14/2022 "Intangible Assets", which organizations will be required to apply from January 1, 2024) with international accounting and Reporting standards (IFRS) have a great impact on the development of accounting and, as a result, auditing. However, when switching to the new FSB and IFRS, organizations face various problems. Therefore, there is a need not only to solve them, but also to develop measures aimed at improving the process of organizing and maintaining accounting and auditing of intangible assets. The object of the study of this work is the intangible assets of JSC "Pharmatech-NN". The subject of the study is the accounting system and the procedure for auditing intangible assets in JSC Pharmatech-NN. The purpose of the work is to study the theoretical foundations of accounting and auditing of intangible assets, how they are applied in practice in the organization and to prepare recommendations for the transition to accounting according to FSB 14/2022. The objectives of this work: • consider the goals and objectives, regulatory regulation of accounting and auditing of intangible assets; • analyze the specialized literature on accounting and auditing of intangible assets, consider the differences between PBU 14/2007 "Accounting for Intangible Assets" and FSB 14/2022 "Intangible Assets". • to analyze the intangible assets of JSC "Pharmatech-NN"; • consider the organization of accounting for transactions with intangible assets in JSC "Pharmatech-NN" and their documentation; • to develop a strategy and plan for the audit of intangible assets in JSC "Pharmatech-NN"; • to review the results of the approbation of the developed strategy and plan for the audit of intangible assets in JSC "Pharmatech-NN", to make recommendations on correcting errors and shortcomings in their accounting. As a result of the study, recommendations were made on the transition to the new FSB 14/2022, accounting and auditing of intangible assets of the organization. The practical significance of this work lies in the fact that the organization will be able to apply the recommendations developed during the transition to a new accounting and auditing procedure for intangible assets, as well as make improvements to the existing accounting procedure.