Organization and regulation of audit activities in Ukraine

Abstract

Audit activity in Ukraine is a relatively new type of business activity, to which there are certain requirements of the national and international level. audit activity, ”which was put into effect on October 1, 2018.

Research methods are an overview-historical approach and a comparative analysis of the legal framework on the organization of audit activity in Ukraine.

On the basis of the existing domestic legislative and regulatory framework the issues of the order of organization of audit activity in Ukraine and its state regulation are considered. The rights and the order of functioning of the bodies, which control the audit activity, the reasons that impede the provision of audit services in Ukraine are determined. The composition, functions and organizational structure of the Audit Chamber of Ukraine, as a subject of management and control in the sphere of audit activity, rights and duties of auditors, are considered.

Some shortcomings of the regulatory and organizational nature are highlighted: lack of methodological and theoretical experience in auditing control, audit experience, number of highly qualified audit personnel, taking into account domestic and international experience, control of issuing licenses to auditors, confidence in auditors, and confidence in auditors a clear mechanism for pricing audit services and others.

It is proposed to create professional associations on the basis of professional auditor organizations in order to promote the development and dissemination of the profession of independent auditors, to enhance the value of the profession of auditor in Ukraine, to satisfy the economic interests of society, to improve audit activity, to represent themselves in state authorities, local authorities, and other local authorities. the rights of its members, the international recognition of the professional qualifications of auditors of Ukraine.