The Management of Audit Activity Both Abroad and in Ukraine

Abstract

The choice of a conception of regulation of audit activity is based on determination of features of the State or professional organizations in implementation of audit activities, regulation of performers of audit, monitoring of their performance. In general, the world experience of regulation of audit activity shows that the development of self-regulation of profession allows to provide uniform requirements, conditions and quality of audit implementation in the territory of individual country when creating one self-regulating Audit association, endowed with appropriate powers, or several such associations, provided they develop common approaches and consolidate their profession. At the same time, the State regulation of auditing should not be waived. The above said leads us to the conclusion about a reasonable combination of the State regulation and self-regulation of the audit market that is necessary in order to maintain the balance of private and public interest in auditing and the development of auditor profession.

Keywords

• audit
• audit activity
• Audit Chamber of Ukraine
• the State regulation
• public oversight body