This article investigates the theoretical and practical aspects of financial statement auditing and the ways to improve its effectiveness in the context of modern economic transformations. It examines the objectives, principles, and standards of auditing, identifies challenges in audit practices, and proposes methods to enhance transparency, reliability, and efficiency in financial reporting. A comparative approach is applied to analyze both international and local auditing practices, highlighting the importance of harmonization with International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA). The article argues that continuous improvement of financial statement audit is essential to ensure corporate accountability, protect the interests of stakeholders, and strengthen trust in the financial system.

Audit, financial statements, transparency, International Standards on Auditing, IFRS, reliability, internal control, risk assessment, audit methodology, corporate governance.

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