Economic and Legal Problems of Influence of Audit Activities Standards on Development of Institute of Audit as an Element of Market Relations

Ivan F. Alexandrov (), Maria N. Zubkova (), Marina K. Kot (), Evgenia V. Medentseva () and Fedor F. Shpanagel ()
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Ivan F. Alexandrov: Samara State University of Economics
Maria N. Zubkova: Samara State University of Economics
Marina K. Kot: Samara State University of Economics
Evgenia V. Medentseva: Samara State University of Economics
Fedor F. Shpanagel: Samara State University of Economics

A chapter in Russia and the European Union, 2017, pp 425-432 from Springer

Abstract: Abstract Topicality. The global experience shows the necessity for legal regulation of audit activities, for under the conditions of large uncertainty, peculiar for market relations, most of the subjects, while making investment decisions, are interesting in receiving the confirmation of authenticity of information of financial (accounting) reports. Purpose. The purpose of the article is to determine the place and role of standards of audit activities in legal regulation of audit activities on the whole. Methods. The main method that was used during study of this issue is the method of complex analysis, as legal regulation of audit activities cannot be viewed without economic essence of these relations. Results. Application of international standards of audit activities allows the auditor and interested user to make sure that provision of services will not lead to confirmation of incorrect information, and the audit inspection will be performed thoroughly and efficiently. Significance of the Results. Materials of this article could be of interest for practicing lawyers, auditors, and accountants and could be used for further theoretical study of the problems of legal regulation of audit activities.

Keywords: Audit activities; International standards of audit activities; Audit; National standards of audit activities (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-55257-6_55

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DOI: 10.1007/978-3-319-55257-6_55

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