Problem Aspects of the Auditing Regulation in View of Legislative Innovations

Abstract :

The article is devoted to the audit activity reformation considering innovations in its development. In the framework of this article, the main stages of the audit formation in the Russian Federation are identified. Over the past few years, attention has been focused on the activities of participants in the audit services market, provoked by the mass cessation of organizations activities belonging to the category of socially significant, obliged to undergo an audit procedure annually. In accordance with the requirements of the legislation of the Russian Federation, an organization acquires the right to provide audit services after inclusion in the register of a self-regulatory organization of auditors, which systematically monitors its members of auditors and audit organizations. The authors, analyzing the opinions of scientific economists by the method of analysis and comparison, guided by relevant information about the state of the market for audit services and self-regulation of the audit industry, conduct independent research in this area.