Quality control of auditing: Ukrainian prospects

Main Article Content

Nadiya Khorunzhak
Iryna Belova
Olha Zavytii
Viktor Tomchuk
Viktoriia Fabiianska

Abstract

The authors conducted a study of the current audit quality control system in Ukraine to develop proposals according to the main areas of its development and improvement based on the positive foreign experience and criteria determined by users of audit services. The information base of the empirical study was the data from the reports of the Audit Chamber of Ukraine on the activities of audit companies and their statistical indicators. The results of the study, analytical findings and recommendations for practice and research prospects are presented in the article. The provisions of the current legislation of Ukraine are used as a source of representation of conceptual definitions and methods for assessing the quality of audit in Ukraine. The research methodology is based on theoretical generalizations and the use of the scientific tools, including comparative analysis, a survey of users of audit services regarding its qualitative characteristics and the study of the experience of foreign countries. The necessity of introducing social (public) supervision, development of internal audit quality control, increasing the responsibility of audit entities, will help to overcome the identified shortcomings associated with the quality parameters of the provided audit services. A number of hypotheses are formulated, which were confirmed during the study or require additional research. The proposed recommendations can have a positive impact on the overall quality of audit activities, provided that they are put into practice in a comprehensive manner. Thus, it is not necessary that they all be implemented at the same time. sequential implementation option is possible.

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Article Details

Section
Integration System of Education, Science and Production
Author Biographies

Nadiya Khorunzhak, Ternopil National Economic University

Doctor of Science (Economics), Professor
Department of Accounting and Taxation, Ternopil National Economic University. 
She teaches disciplines taught: Accounting and control in the management of public sector entities, Accounting in public sector, International accounting.
Scientific interests:: International standards and accounting features in foreign countries, Accounting, control, and analysis: theory and practice. Accounting in the public sector.
Author of more than 135 scientific works.

Iryna Belova, Ternopil National Economic University

Candidate of Science (Economics), Associate Professor has been working at the Department of Accounting, Economic and Legal Support for Agroindustrial Business  Ternopil  National Economic  University.
She teaches disciplines: Accounting and legal support of agribusiness
Has practical experience of the manager at the enterprise "Intellectual Products".
Scientific interests:  accounting and analytical support of strategic management, accounting, and analysis in the system of strategic management, digital accounting

Olha Zavytii, Ternopil National Economic University

Candidate of Science (Economics), Associate Professor has been working at the Department of Accounting, Economic and Legal Support for Agroindustrial Business  Ternopil  National Economic  University.
She teaches disciplines: Accounting, Audit
Has practical experience of the manager at the enterprise "Intellectual Products".
Scientific interests:  accounting and analytical support of strategic management, accounting, and analysis in the system of strategic management, digital accounting
Scientific interests: Accounting and Taxation

Viktor Tomchuk, Vasyl' Stus Donetsk National University

PhD, Associate Professor, has been working at the Department of Accounting, Analysis and Audit, Faculty of Economics, Vasyl' Stus Donetsk National University.
He teaches disciplines taught financial accounting, management accounting, information systems and technologies in accounting and auditing.
Has practical experience of the assistant auditor at the enterprise LLC “Audit firm “Finance Law Audit Grope”
Scientific interests: Accounting and Taxation

Viktoriia Fabiianska, Vinnytsia National Agrarian University

Candidate of Economic Sciences, Associate Professor, works at the Department of State Audit and Control of the Vinnytsia National Agrarian University of Ukraine.
She teaches the subjects taught at the Department of State Audit and Control: Audit, Organization, and methodology of audit, Management control.
Has practical experience of economist and accountant.
Scientific interests: audit, organization, and methodology of the audit.
ScopusID: 57194159261
ResearcherID: I-4063-2018

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