INTERNAL AUDIT OF LEASE LIABILITIES OF AGRICULTURAL ENTERPRISES UNDER WARTIME ECONOMY

Abstract

Introduction. The expanding role of leasing mechanisms in financing the renewal of fixed assets of agricultural enterprises is accompanied by heightened financial and operational risks under wartime economic conditions. Disruptions in payment compliance, declining liquidity, threats of asset loss or damage, and inadequate insurance coverage necessitate a fundamental revision of approaches to the internal audit of leasing obligations.

Objective. To develop and validate an internal audit toolkit for leasing obligations of agricultural enterprises, aimed at improving risk management efficiency and ensuring financial stability under conditions of wartime economic instability.

Materials and Methods. The study is based on the analysis of regulatory acts, provisions of national and international accounting and internal auditing standards, and primary documents and financial statements of enterprises. Methods of analysis and synthesis, systemic and comparative approaches, as well as specific techniques of documentary verification and analytical procedures were employed.

Results. A comprehensive regulatory and organizational framework for the internal audit of leasing obligations was developed in accordance with the requirements of national and international standards. A system of internal auditor working documents was proposed to streamline verification stages and ensure the reproducibility of audit procedure results. A package of working documents was developed and validated, governing the analysis of contractual terms, verification of payment compliance, assessment of insurance coverage, and analytical evaluation of financial burden. Validation results confirmed the prevalence of typical risks associated with delayed fulfillment of obligations, insufficient insurance protection, and excessive financial burden on enterprises. The combined effect of these factors reduces enterprise solvency and resilience to external shocks.

Prospects. Further research should focus on the digitalization of internal audit tools, the improvement of wartime risk assessment methods, and the implementation of analytical models for forecasting the financial stability of agricultural enterprises.