Auditing Activity in Russia: Current State and Problems
Baikal Research Journal
The article reveals the mechanism of functioning of the audit service market, which has currently taken shape in the Russian Federation. The author considers that the present-day developed legal framework for implementing of auditing activities should be improved in the future. As an important result of the auditing activity development, the article notes establishment and activities of professional institutions for auditors, as well as formation of the auditing market. The author considers the
... uthor considers the main indicators of the audit service market and development trends in terms of such indicators as: the number of auditing organizations involved in auditing activities, as well as the number of auditors involved in individual activities in the Russian Federation; the distribution of entities engaged in this activity in the regions (Federal Districts); the distribution of audit organizations in Russia, and other important indicators. The article pays particular attention to the problems associated with work of self-regulatory organizations of auditors. The author concludes that the current economic situation in Russia, which is burdened by sanctions from Western countries, does not contribute to development of the economy, in particular to production, which requires modern technology and investments. Consequently, there arises a reduction in the volume of accounting work and, accordingly, of the volume of audits, which complicates development of auditing activities in the Russian Federation.