Kozmenkova S.V.Lobachevsky State University of Nizhny Novgorod - National Research University (UNN), Nizhny Novgorod, Russian Federation skozmenkova@yandex.ru
Kemaeva S.A.Lobachevsky State University of Nizhny Novgorod - National Research University (UNN), Nizhny Novgorod, Russian Federation s.kemaeva@mail.ru
Importance In Russia, audit has been developing for nearly thirty years already. However, there are still difficult issues of the theory and practice, including the status of audit within the framework of economic sciences, definition, types, scope, audited entities, methods, and standardization. Specialists constantly handle a lot of issues when applying International Standards on Auditing due to numerous amendments to the Federal Law "On Auditing" and adoption of International Standards on Auditing. Objectives The research aims at analyzing main theoretical provisions of audit as a scientific area, as well as identifying key difficulties in the theory and practice of audit. The objectives of the research are to review the scope, areas, and methods of audit as a science, examine alterations and amendments to the Federal Law "On Auditing", and identify the difficulties in the theory and practice of audit. Methods We examine legislative, statutory regulations on audit and control, International Standards on Auditing, scientific sources of the Russian and foreign authors studying audit. In the process of the research, we apply a comparative analysis, systematization, and synthesis, inductive and deductive approaches. Results We have formulated the definitions of audit, scope, audited entities, methods and reviewed the amendments to the Federal Law "On Auditing". Scientific literature and regulatory documents regard audit as an audit of financial statements, meanwhile it has a much broader meaning. Scientific sources also give a very limited view of such concepts as scope, entities, and methods of audit. Following the results of the research, we find out that the amendments to the Federal Law "On Auditing" dramatically influence the methods and practices of audits. Conclusions and Relevance We conclude that audit is a part of control. The results may be applied to develop the theory of audit and to give classes on audit in higher educational institutions.
Keywords: audit, audit activity, scope, audited entity, method, international standards on auditing
References:
Arens E.A., Loebbeck J.K. Audit [Audit]. Moscow, Finansy i statistika Publ., 1995, 560 p.
Audit [Audit]. Moscow, YUNITI-DANA, Audit Publ., 2008, 580 p.
Varlamova E.N. Segmentirovanie bukhgalterskoi informatsii: poob"ektnyi i tsiklicheskii podkhody [Segmentation of accounting information: item and cycle approaches]. Auditorskie vedomosti = Audit Bulletin, 2011, no. 12, pp. 27–32.
Danilevskii Yu.A. Stanovlenie audita v Rossii [Formation of audit in Russia]. Bukhgalterskii uchet = Accounting, 1995, no. 5, pp. 39–42.
Zhmin'ko S.I., Shvyreva O.I., Safonova M.F., Kalinina I.N. Teoriya audita [The theory of audit]. Rostov-on-Don, Feniks Publ., 2013, 443 p.
Ivashkevich V.B. Rassmotrenie auditorom sluchaev moshennichestva i korruptsii [Auditor’s consideration of fraud and corruption]. Auditorskie vedomosti = Audit Bulletin, 2014, no. 5, pp. 56–64.
Kozmenkova S.V. Konkretizatsiya planirovaniya proverki s uchetom osobennostei ob"ektov audita [Specification of audit planning considering the specificity of audited entities]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2012, no. 45, pp. 42–48.
Kochinev Yu.Yu. Audit [Audit]. St. Petersburg, Piter Publ., 2008, 384 p.
Marenkov N.L., Veselova T.N. Mezhdunarodnye standarty bukhgalterskogo ucheta, finansovoi otchetnosti i audita v rossiiskikh firmakh [International standards on accounting, financial reporting and auditing in Russian firms]. Moscow, Editorial URSS Publ., 2004, 200 p.
Mirgorodskaya T.V. Audit [Audit]. Moscow, KnoRus Publ., 2010, 254 p.
Information Letter of October 03, 2014 of the Ministry of Finance of the Russian Federation “On Amendments of the Federal Law on Auditing” of December 20, 2008 № 307-FZ. (In Russ.)
Pravila nezavisimosti auditorov i auditorskikh organizatsii [The independence rules for auditors and audit organizations]. Available at: Link. (In Russ.)
Rekomendatsii auditorskim organizatsiyam, individual'nym auditoram, auditoram po provedeniyu audita godovoi bukhgalterskoi otchetnosti organizatsii za 2014 god [Recommendations to audit firms, individual auditors, auditors of annual financial statements of organizations for 2014]. Available at: Link. (In Russ.)
Sirotenko E.A. Perspektivy razvitiya teoretiko-metodologicheskogo apparata audita [Prospects for the development of theoretical and methodological framework of audit]. Auditorskie vedomosti = Audit Bulletin,2006, no. 1, pp.18–25.
Siegel J.G., ShimJ.K. Slovar' bukhgalterskikh terminov: perevod c angliiskogo [Dictionary of Accounting Terms]. Moscow, INFRA-M Publ., 2001, 408 p.
Suglobov A.E., Boboshko V.I. Sostoyanie i problemy adaptatsii Mezhdunarodnykh standartov audita v Rossii [Condition and issues of adaptation of International Standards on Auditing in Russia]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2010, no. 2, pp. 20–31.
Sheshukova T.G., Gorodilov M.A. Audit: teoriya i praktika primeneniya mezhdunarodnykh standartov [Audit: theory and practice of application of international standards]. Moscow, Finansy i statistika Publ., 2003, 160 p.
