Home  Journals  International Accounting  12(354) - 2015 March

Recognition of International Auditing Standards in Russia: the terminological aspect

Available online: 3 June 2015

Subject Heading: AUDIT ACTIVITY

JEL Classification: 

Pages: 35-48

Importance At the end of 2014, it was legally decided to replace Russian auditing standards with the international ones adopted by the International Federation of Accountants in auditing and other professional auditor services. It is therefore necessary to translate those standards into Russian to a good quality. The terms used in the international standards on auditing should have a single official translation, as appropriate to their original semantic load, and at the same time adapted to the Russian language lexical system, terminological traditions of Russian regulations, and the national auditing and accounting business.
     Objectives The authors score the published results of the ongoing work on translation of international auditing standards, based on the criteria of precision and sense of relevance, understandability, following the grammatical rules, completeness, unity, the priority of the Russian traditional terminology, making suggestions to improve these results.
     Methods The authors obtained results through the use of analysis, comparison, analogy, system approach, methods of synthesis, interpretation and classification.
     Results The authors have clarified and supplemented the translation of the terms of international standards on auditing introduced to the Russian regulations and draft normative legal acts. Furthermore, the authors' provided the translation of the titles of all documents included in the system of international standards on auditing.
     Relevance The recommendations intend to ensure the Basic principles of translation into the Russian language of the international standards on auditing activity in the Russian Federation, approved by the Auditing Activities Board.

Keywords: audit, assurance engagements, assertion-based engagements, direct reporting engagements, related services, translation, International Standards on Auditing, Code of Ethics for Professional Accountants, International Standards on Quality Control, international framework, practice notes, International Standard on Review Engagements, International Standards on Assurance Engagements, International Standard on Related Services, International Federation of Accountants, IFAC

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