Subject. This article analyzes the content of audit reports prepared based on the results of the audit of accounting (financial) statements of redomiciled international companies in the form of a public joint-stock company. Objectives. The article aims to evaluate the informativeness and compliance with the requirements of International Standards on Auditing regarding the content of the audit report based on the audit of redomiciled companies, as well as formulate recommendations for improving the quality of auditors' work in the studied area. Methods. For the study, I used case study and logical methods, as well as statistical observation, comparison, and juxtaposition. Results. The article identifies the shortcomings in the content of audit reports on the accounting (financial) statements of a selected group of companies in terms of disclosure of information on key audit matters, significant circumstances, and other information. It provides recommendations on reflecting information about the fact of redomiciliation, disclosing quantitative measures of material items of the financial statements being audited, and the uniform and legitimate formulation of the conceptual framework for preparing financial statements. To improve the quality of audit reports, the article recommends reflecting in them the fact of redomiciliation, providing a quantitative assessment of the items that make up the key audit issues, and making changes to the forms recommended by the self-regulatory organization of auditors, in terms of directly indicating the Federal Accounting Standard (FSBU) – Accounting (Financial) Statements as the conceptual basis for preparing reports in the appropriate cases. Conclusions and Relevance. The fact of redomiciliation of the audited entity is noted in 33 percent of audit reports, while the total amount of financial investments, the audit of which is declared as a key audit matter, is disclosed in only 36 percent of cases. Despite specific instructions from the Ministry of Finance of the Russian Federation, auditors of only one company mention the Federal Accounting Standard in the report as the basis for preparing the financial statements. The research results can be used in the disclosure of theoretical provisions of auditing regarding the formation of the audit opinion, as well as in the practical work of auditing entities.
Keywords: audit, international company, redomiciliation, key audit matters, auditor's report
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