AUDIT OF TRANSNATIONAL TRANSACTIONS IN FOREIGN ECONOMIC ACTIVITY THROUGH THE LENS OF INFORMATION ASYMMETRY

The article examines the role of auditing transnational transactions in foreign economic activity through the lens of information asymmetry. It shows that in a globalised economy, where international operations are complicated by multiple layers of regulation, cultural barriers and currency risks, information asymmetry becomes a fundamental challenge to ensuring the transparency and reliability of financial reporting. It finds that unequal access to data increases the risk of financial distortions, which negatively affects managerial decisions and the efficiency of transnational transactions. The paper examines the theoretical aspects of information asymmetry, its manifestations in transnational transactions, and its implications for auditing. This study places particular emphasis on the role of auditors in identifying informational distortions, conducting risk analyses, and ensuring transactions adhere to international standards. The research methodology encompasses an analysis of regulatory documents, including International Standards on Auditing (ISA), and their comparison with local regulatory requirements. The practical aspect focuses on analysing specific risks, including legal, currency, and reputational risks associated with transnational transactions. It has been shown that effective auditing of cross-border transactions requires the integration of innovative approaches to information management, such as the automation of data collection and analysis processes, the use of digital platforms and the application of artificial intelligence algorithms. Moreover, the necessity of harmonising international and local regulatory standards is substantiated in order to minimise discrepancies in reporting requirements and ensure transparency in operations. The proposed recommendations are aimed at improving auditing methodologies through the implementation of proactive risk assessment approaches and the development of adaptive strategies tailored to changes in the regulatory environment and global economic trends. The conclusions of the article hold practical value for auditors, financial analysts, and transnational corporations seeking to enhance the efficiency of their foreign economic activities.