Accounting and Audit of the Costs of Creating Software Product

The purpose of this study is to analyze the costs of producing software in a particular organization and developing information and methodological support for recording costs. To achieve the goal, the following tasks were set: 1) the definition of the basic concepts of accounting and auditing costs for the creation of a software product in an IT company; 2) study and analysis of normative documents and special literature on the costs of creating a software product; 3) analysis of accounting and audit costs for the production of software products in the company under study; 4) approbation of audit procedures, recommendations for correcting distortions and improving the accounting of costs of production of software. By example of organization named "Technology" was studied accounting of costs of ccreation of software by order and programm product created as an intangible asset. Since both options for creating a software product have their own characteristics, an audit plan has been developed for each of them, according to which the audit was carried out. Based on the results were made recommendations to сorrect distortionson and to improve accounting of costs of production of software. The results obtained can be useful for the IT company and the newly opened IT organizations when compiling accounting policies, and can also serve as recommendations for auditing of production costs of software.