Grytsai T. Analysis and audit of investment projects

This thesis is devoted to the development of theoretical principles for analysis and audit of investment projects as well as for the practical recommendations of their improvement. The essence of the "investment project" concept, its characteristics as an object of analysis and audit, is explored. The classification of investment projects is improved; the methodical approaches to investment projects analysis and sources of financing are grounded. The theoretical and methodical principles of information support of investment projects analysis are developed. The advantages and disadvantages of static and dynamic methodical approaches to the analysis of investment projects efficiency are analyzed. The appropriateness of the real options theory usage by the investment projects evaluation is substantiated and its practical value is proved. The usage of balanced scorecard system is proposed as an analysis instrument for investment projects efficiency, taking into account the non-financial indicators. The conceptual model of audit investment projects is developed, its principles and main tasks are defined, also the general audit scheme is proposed and some basic audit procedures are specified within the main audit organizational stages. The system of audit procedures in the form of tests and auditor working documents are developed in order to provide the information support of plan and control program for investment projects by each item of audit program.