The textbook contains systematic presentation of the discipline “Audit of financial statements” within the framework of the educational program “State Audit” taking into account the recent changes of the governmental audit. The presented textbook outlines the basics of financial statements audit as an important component of the entire state audit. All chapters of the textbook are accompanied by self-examination questions and test assignments that allow students to control the adoption of the study material. It is recommended to university students, trainees of the system of advanced training and retraining for positions in public authorities, as well as financial officers.