Checklist for Planning and Authorization of Cash Flow Audit Based on International Auditing Standards (Isa): Evidence from Territorial Electric Networks Jsc

This article develops and substantiates an expanded methodological framework for planning and authorizing the audit of cash flows of Territorial Electric Networks JSC (HET JSC) in accordance with International Standards on Auditing (ISA). The research is focused on the practical problem that cash flow audit planning in large natural-monopoly enterprises cannot be limited to a standard audit program, because the sector combines regulated tariffs, government subsidies, concession-related accounting judgments, foreign-currency borrowings, large receivable balances, smart-meter information systems and group consolidation procedures. On the basis of ISA 200, ISA 210, ISA 220, ISA 300, ISA 315, ISA 320, ISA 330, ISA 540 and ISA 600, the study proposes a five-stage planning model: acceptance and authorization of the engagement, understanding the entity and its environment, risk assessment and materiality determination, preparation of a detailed audit program, and engagement quality management. The empirical core of the article is an author-developed checklist consisting of 24 audit procedures grouped into five categories: operating cash flows, investing cash flows, financing cash flows, consolidation and segment reporting, and receivables with expected credit loss assessment. The article also systematizes eight key risks (R1-R8), links them to relevant ISAs and IFRS areas, and demonstrates how materiality levels can be integrated with the intensity of substantive procedures. The proposed checklist is intended to improve audit documentation, professional skepticism, audit evidence sufficiency, and the consistency of decisions made by audit teams engaged in the audit of cash flows of HET JSC.