Theoretical and practical aspects of auditing fixed assets of enterprises during the economic recovery of Ukraine

Introduction. The war in Ukraine has caused extensive destruction of infrastructure and fixed assets of enterprises, necessitating a revision of traditional audit approaches. In the context of economic instability and legal uncertainty, the audit of fixed assets becomes particularly important for ensuring the reliability of financial reporting and supporting recovery processes. Problem Statement. The study identifies the specific features of auditing fixed assets during the post-war economic recovery of Ukraine, taking into account asset damage, impairment, and legal changes in asset status. The purpose is to explore the theoretical and practical aspects of auditing enterprise fixed assets in the context of post-war recovery and to justify the need for adapting asset valuation and accounting methods to new economic and legal realities. Methods. The study utilizes regulatory sources in Ukraine, international standards (IAS 36), comparative analysis of traditional and adapted audit approaches, and the potential use of modern technologies (drones, satellite imagery, GIS) for asset monitoring. An interdisciplinary audit approach is applied, involving engineers, appraisers, and legal experts. Results. It is established that traditional asset valuation methods are ineffective under wartime conditions. The study substantiates the appropriateness of using fair value revaluation, impairment methods, depreciation adjustments, and asset write-offs. It highlights the importance of legal analysis of asset status and the implementation of digital tools for inventory and loss documentation. New audit approaches are proposed for situations with limited access to assets. The main trends in the audit of fixed assets have been analyzed based on the Independent Auditor’s Reports to the financial statements of the Kernel Group over recent years. Conclusions. Auditing fixed assets in the post-war period requires comprehensive adaptation of methods and procedures. The implementation of new standards, digital technologies, and specialized auditor expertise is essential to ensure reliable reporting and effective economic recovery of enterprises. Based on a practical analysis of Independent Auditor’s Reports, current trends in the audit of fixed assets have been identified.