The Special Requirements in the sphere of organization the performing statutory audit engagements
Journal Title: Центральноукраїнський науковий вісник. Економічні науки. - Year 2014, Vol 25, Issue
Abstract
The purpose of the article is to study the tendencies of statutory audit regulation in contemporary conditions with due regard for ensuring the conformity of national model with European and international laws and regulation. It have been substantiated that the statutory audit regulation should be done in ensuring public awareness of the activities of auditors, effective interaction between the entities that are subject to statutory audit and auditors towards harmonization of their tasks and responsibilities, independence, transparency and objectivity in selecting auditor (audit firm) by the social (public) interest entities, cooperation with the competent authorities that regulate the activities of such entities in order to ensure transparency of contractual relationships, results of the engagements and introduction of additional requirements to them. Subjects who must be involved in the mechanism of ensuring the realization of this measures have been singled out, in particular: auditor (audit firm); social (public) interest entities, which are subjected to statutory audit; authorized competent body responsible for the regulation of auditing activities; authorized bodies that regulate activities of social (public) interest entities; professional associations or self-regulating professional auditing organization. The results show that the quality of audit in general and in particular of statutory audit should be perceived not as a separate issue, but as an integrated system, which should cover all essential parties of functioning of auditors in different ways.
Authors and Affiliations
Nataliia Shalimova
Keywords
Related Articles
- EP ID EP355614
- DOI -
- Views 63
- Downloads 0
Methodological Aspects of the Study of the Marketing Activity’s Management of Construction Companies
The purpose of the research is the determination of methodological aspects of the study of the marketing activity’s management of construction companies that will strengthen its competitiveness through the development of...
Experience of Implementation of Import and Export Control System (ICS/ECS) in the EU
The purpose of this writing is to study the European experience of introduction of prior notification by developing and implementing a monitoring system of import and export (ICS/ECS) under the Framework security standar...
Development and Implementation of the Complex of Regional and Local Program Measures for Small and Medium Entrepreneurship Development
In order to identify the main reasons that hinder small and medium entrepreneurship development in the region and determine the priority directions of their development, the analysis is made and trends and indicators of...
Communication Processes in the Effective Personnel Management
The aim of this study is to examine the nature of the communication processes and problems of their effectiveness, to identify communication processes impact on the effectiveness of personnel and the possibility of impro...
Assessment of the Tax Burden on the Agricultural Enterprise: a Practical Aspect
The purpose of this study is to assess the level of tax burden on a business entity using the basic methodology and its adjustment, taking into account the practical aspects of the activity of a particular agricultural e...