РЕФОРМА АУДИТОРСЬКОЇ ДІЯЛЬНОСТІ В УКРАЇНІ

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РЕФОРМА АУДИТОРСЬКОЇ ДІЯЛЬНОСТІ В УКРАЇНІ

Journal Title: Південноукраїнський правничий часопис - Year 2018, Vol 3, Issue

Abstract

The Association Agreement between Ukraine and the European Union, ratified in 2014, contains, among other things, provisions on the obligation of Ukraine to implement international standards at the national level and gradually change the national legal framework governing accounting and auditing in accordance with EU legislation. On December 21, 2017, the Verkhovna Rada of Ukraine adopted the Law of Ukraine “On Auditing Financial Reporting and Auditing”, which is the result of many years of work by the Ministry of Finance of Ukraine, the country’s audit community, experts from the World Bank and the EU. The law changed the principles of auditing, created a fundamentally new system of regulation and supervision, strengthened the requirements for auditing entities. But, in our opinion, a number of provisions of the said Law raise questions and need further work. We believe that an audit is not an auditing service for checking accounting data as specified in the Law, but an auditing service for conducting independent examination of accounting data in order to express an independent opinion of the auditor about their compliance in all essential aspects with the requirements of national accounting standards, international standards financial statements. The rules governing the legal status of the Public Supervision Authority should be revised, since, in accordance with the Law, this public body looks more like a state body, a structural unit of the Ministry of Finance of Ukraine, which creates risks of abuse by officials of the Ministry of Finance of Ukraine, who now have administrative levers influences on this body. In our opinion, the creation of the Public Oversight Authority is the provision of additional control over auditors who are checked by subjects of public interest. We subscribe to the point of view of individual specialists and we believe that it would be more correct to use the term “subjects of social significance”. We believe that the title of the law “On Auditing Financial Statements and Auditing Activities” contains a repetition of words with a similar meaning, since the audit of financial statements is covered by the concept “auditing activities”. Therefore, in our opinion, the title of the law “On Auditing” more accurately reflects the sphere of public relations that is regulated by it.

Authors and Affiliations

О. Е. Картамишева

Keywords

EP ID EP607941
DOI -
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