+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






International Accounting

Strategic audit as a tool to attain long-term goals of the business entity

Vol. 18, Iss. 31, AUGUST 2015

Received: 27 August 2015

Accepted: 31 August 2015

Available online: 22 October 2015

Subject Heading: AUDIT ACTIVITY

JEL Classification: 

Pages: 58-66

Shirobokov V.G. Voronezh State Agricultural University named after Emperor Peter the Great, Voronezh, Russian Federation

Litvinov D.N. Voronezh State Agricultural University named after Emperor Peter the Great, Voronezh, Russian Federation

Importance In the slumping economy, entities can ensure their sustainable development by formulating a reasonable strategy for corporate development and planning implementation activities. In this respect, strategic audit gains special relevance as it compiles the entire information on the future corporate development under external and internal factors.
     Objectives The research aims at examining the substance and content of strategic audit as a new audit discipline, and developing a methodological framework for conducting it.
     Methods The research draws upon methods of analysis and synthesis and demonstrates various approaches to defining strategic audit, and reveals its contents through generalization. We used fundamental provisions and concepts of management and strategic audit, proceedings by national and foreign authors.
     Results We specify the significance of strategic audit for the auditing theory and practices and identify the most critical aspects in the auditor's evaluation of external and internal factors that considerably influence the implementation of the corporate development strategy. We suggest applying the PEST-analysis to perform strategic audit.
     Conclusions and Relevance During the economic crisis, strategic audit helps entities promptly respond to an ever changing impact of external and internal factors, being a tool to reach certain economic stability of auditees. The findings may be useful to develop the theory and practices of audit and train masters and postgraduates in the relevant disciplines.

Keywords: strategy, audit, management, external environment, internal factors


  1. Chandler A.D. Strategy and Structure: A Chapter in the History of Industrial Enterprises. Cambridge, MIT Press, 1962, p. 297.
  2. Mescon M.H., Albert M., Khedouri F. Osnovy menedzhmenta [Management]. Moscow, Delo Publ., 1997, 704 p.
  3. Wissema H. Strategicheskii menedzhment i predprinimatel'stvo: vozmozhnosti dlya budushchego protsvetaniya [Russian edition. Strategic Management and Entrepreneurship: Opportunities for Future Prosperity]. Moscow, Izdatel'stvo Finpress Publ., 2000, 271 p.
  4. Coveney M., Ganster D., Hartlen B., King D. Strategicheskii razryv: Tekhnologii voploshcheniya korporativnoi strategii v zhizn' [The Strategy Gap: Leveraging Technology to Execute Winning Strategies]. Moscow, Al'pina Biznes Buks Publ., 2004, 232 p.
  5. Ansoff I. Novaya korporativnaya strategiya [Corporate Strategy]. St. Petersburg, Peter Kom Publ., 1999, 258 p.
  6. Kotler Ph. Osnovy marketinga [Principles of Marketing]. Moscow, Rostinter Publ., 1996, 654 p.
  7. Thompson A.A.Jr., Strickland A.J. Strategicheskii menedzhment. Iskusstvo razrabotki i realizatsii strategii [Strategic Management]. Moscow, Banki i birzhi, YUNITI Publ., 1998, 577 p.
  8. Bogataya I.N. Strategicheskii uchet i audit: teoriya i praktika [Strategic accounting and auditing: theory and practice]. Fundamental'nye issledovaniya = Fundamental Research, 2007, no. 4, pp. 87–90.
  9. Emel'yanova I.N. Formirovanie metodiki strategicheskogo audita [Formulating the strategic audit method]. Audit i finansovyi analiz = Audit and Financial Analysis, 2011, no. 6, pp. 212–217.
  10. Alekseeva I.V. Strategicheskii audit kak perspektivnoe napravlenie razvitiya audita [Strategic audit as a promising direction of audit]. Uchet i statistika = Accounting and Statistics, 2008, no. 2(12), pp. 115–121.
  11. Emel'yanova I.N. [The significance of strategic audit for strategic planning]. Aktual'nye problemy bukhgalterskogo ucheta, analiza, audita, nalogooblozheniya i statistiki: materialy nauchno-prakticheskoi konferetsii [Proc. Sci. Conf. Current Issues of Accounting, Analysis, Audit, Taxation and Statistics]. Rostov-on-Don, RSUE Publ., 2009, pp. 191–194.
  12. Khakhonova N.N., Emel'yanova I.N. Rol' strategicheskogo audita v sisteme audita kommercheskikh organizatsii [A role of strategic audit as part of audit of profit-making entities]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Seriya 5: Ekonomika = Bulletin of Adyghe State University, 2011, no. 3, pp. 147–153.
  13. Belyaeva M.N. Audit strategii razvitiya [Audit of the development strategy]. Mezhdunarodnyi zhurnal eksperimental'nogo obrazovaniya = International Journal of Experimental Education, 2011, no. 8, pp. 198–199.
  14. Shokhnekh A.V., Golubyatnikova O.N. Kontseptsiya marketingovogo vnutrennego audita v ekonomicheskikh sub"ektakh po proizvodstvu i prodazham bytovoi khimii [The concept for internal marketing audit in business entities producing and selling household cleaning products]. Audit i finansovyi analiz = Audit and Financial Analysis, 2010, no. 3, pp. 230–237.

View all articles of issue


ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 27, Iss. 6
June 2024