Adaptation of Ukrainian legislation in the field of audit regulation to European requirements

Abstract

The European integration vector of Ukraine provides the development of organizational and methodological principles of integrated reporting audit with taking into account the requirements of regulatory audit of EU member states, International Standards of Audit, adaptation of domestic audit practice to the requirements of integrated reporting in compliance with domestic audit legislation. Requirements of the main international normative acts regulating organizational and methodical provisions of business entities and state bodies audit, the provisions of which must be observed during the integrated reporting audit. The article analyzes the main provisions of the law "Audit of financial statements and auditing activities" on compliance with EU requirements, namely: terminology and purpose; services differentiation provided by auditors; internship requirements introduction; auditor's certificate validity; auditors register; additional requirements for auditing entities; public supervision over the activities of auditors; state supervision over the auditors activities. According to Article 347 of the Association Agreement with the EU, for the full participation of our country in international economic relations, the parties exchange information, experience, best practices and implement other measures, including in the field of internal control, through their further development. by harmonizing with internationally recognized standards are needed (Internal Auditors Institute (IAI), International Federation of Accountants (IFAC), INTOSAI) and methodologies, as well as EU best practice on internal control and internal audit. It is concluded that the development of methodological principles of integrated reporting verification requires detailed study of the requirements of international practice for the first stage of multilevel verification of integrated reporting, namely its internal control, which will solve a number of adaptation problems. audit in accordance with European requirements.

Досліджено вимоги основних міжнародних нормативних актів, які регулюють організаційно-методичні положення аудиту суб’єктів господарювання та державних установ, проаналізовано основні положення закону «Про аудит фінансової звітності та аудиторську діяльність» щодо відповідності вимогам ЄС. Зроблено висновок, що під час розробки методологічних засад верифікації інтегрованої звітності потребують детального дослідження вимоги міжнародної практики щодо внутрішнього контролю.