The Development of Approaches to the Standardization of Performance of Assurance Engagement Other than Audit or Review of Historical Financial Information
Journal Title: Центральноукраїнський науковий вісник. Економічні науки. - Year 2016, Vol 30, Issue
Abstract
The aim of this study is substantiation of the ways of development of national practice of standardization the performance of assurance engagements other than audits or review of historical financial information, determination of approaches to elaboration of internal standards of performance of assurance engagements, except for audit and review. It has been substantiated that the work in the sphere of standardization of assurance engagements should be done at generally professional level and at the level of individual audit entity. It is necessary to elaborate the Provisions of National Practice of performance of assurance engagements other than audits or reviews of historical financial information, to promote their implementation and harmonization of approaches to the performance that can be taken as mandatory standards and internal audit standards of individual audit entity as part of the internal quality control system. The problems of elaborating the internal standards of performance of other assurance engagements have been systematized and the ways if its solutions have been proposed. In the structure of internal standards of performance of assurance engagements, except for audit and review, two blocks have been proposed: standards to identify the type of audit services for the specific object and the standards which are concretizing the issues of organization and methodic of their implementation. It has been proved that in the process of formation of internal standards of performance of assurance engagements other than audits or review of historical financial information, it is advisable to use international practice of developing specific standards for particular subjects matter.
Authors and Affiliations
Iryna Androshchuk
Keywords
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