+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
International Accounting
 

Distinctions in the development of the international market of auditing and advisory services

Vol. 21, Iss. 10, OCTOBER 2018

PDF  Article PDF Version

Received: 7 September 2018

Received in revised form: 17 September 2018

Accepted: 28 September 2018

Available online: 15 October 2018

Subject Heading: AUDIT ACTIVITY

JEL Classification: М42

Pages: 1207–1222

https://doi.org/10.24891/ia.21.10.1207

Livenskaya G.N. Branch of Udmurt State University, Votkinsk, Udmurt Republic, Russian Federation
Livenskaya2009@yandex.ru

https://orcid.org/0000-0003-0487-7179

Subject The article highlights the importance and necessity of audit services at the macroeconomic level. It is necessary to further improve the classification of international audit, methodology and describe it in terms of quality and quantity, considering tactical and strategic goals of international audit.
Objectives The research examines the current situation in the international market of auditing and advisory practices, its structure and premises for developing auditing and advisory services.
Methods The research applies methods of abstraction, systematization and comparative analysis.
Results The article determines the main challenges in the market of auditing and advisory services at the current development phase. I also underline the existing weaknesses and suggest how the infrastructure and legal framework of the auditing and advisory practices should be refined and improved.
Conclusions and Relevance I analyze why the auditing market gets monopolized and politicized. I conclude that there are no definite legislative criteria to ensure the high quality of auditing. Thus, it is necessary to continue reforming the auditing practice and refining the legislative and regulatory framework. The research may prove useful for post-graduates, teachers and those who are interested in the international market of auditing and advisory services. The findings can be applied to accounting and theoretical and practical issues of advisory audit.

Keywords: international auditing, auditing standards, auditing, advisory services, audit classification, audit type

References:

  1. Paramonov A.V. [Audit and consultancy in Russia, 2017]. Uchet i kontrol' = Accounting and Control, 2018, no. 4, pp. 3–15. (In Russ.)
  2. Khoruzhii L.I. [Focal points for consolidating the accountancy and auditing]. Bukhuchet v sel'skom khozyaistve = The Journal of Accounting in Agriculture, 2015, no. 7, pp. 8–13. (In Russ.)
  3. Arens A.A., Loebbecke J.K. Audit [Auditing]. Moscow, Finansy i Statistika Publ., 2001, 560 p.
  4. Shtefan M.A., Feruleva N.V. [Audit of falsification of financial statements: Specific aspects]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2017, vol. 20, iss. 2, pp. 88–105. (In Russ.) URL: Link
  5. Guttsait E.M. Audit i drugie nauki [Audit and other sciences]. Moscow, VividArt Publ., 2011, 373 p.
  6. Livenskaya G.N., Sentyakova Yu.I. [The quality control system of auditing firms in Russia]. Finansy i uchet: problemy metodologii i praktiki = Finance and Accounting: Methodological and Practical Issues, 2013, no. 1-3, pp. 360–364. (In Russ.)
  7. Klychova A.S., Klychova G.S., Zakirova A.R. [Consulting services: Essence, kinds, and main directions of use]. Vestnik Kazanskogo GAU = Vestnik of Kazan State Agrarian University, 2017, no. 2, p. 109–115. (In Russ.)
  8. Roshchetkaeva U.Yu. [The current state of the audit market in Russia]. Nauchnyi vestnik YuIM = Scientific Bulletin of Southern Institute of Management, 2017, no. 2, pp. 63–68. URL: Link (In Russ.)
  9. Krasnov V.D., Kozmenkova S.V. [Analytical procedures for the going concern principles applicability]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2015, vol. 18, iss. 2, pp. 46–57. URL: Link (In Russ.)
  10. Tolchinskaya M.N., Gavrilova E.N. [Financial audit as a quality control system of the entire management process of the organization]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2016, vol. 19, iss. 7, pp. 17–32. URL: Link (In Russ.)

View all articles of issue

 

ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 27, Iss. 3
March 2024

Archive