IMPROVING THE AUDIT OF OVERDUE DEBT AND CREDITOR DEBTS

Abstract

Annotation: This article addresses the critical necessity for organizations to enhance their auditing processes in managing overdue debts. Overdue debts can significantly impact a company's financial health and its credibility with stakeholders. This exploration involves analyzing current auditing practices, identifying gaps, and proposing strategic improvements. By implementing these improvements, organizations can maintain better control over their overdue debts, enhance financial reporting quality, and ultimately support sustainable financial management. Effective auditing is essential for maintaining financial health and transparency. Key focus areas include the adoption of advanced data analytics to identify and manage overdue debts, ensuring accuracy in financial reporting, and fostering compliance with regulatory standards. Additionally, integrating technology can streamline audits and improve risk assessment. Engaging stakeholders in the auditing process further promotes accountability. Ultimately, these improvements aim to enhance organizational oversight, mitigate financial risks, and support sustainable debt management practices.