Periodicity.: Special Edition PDATU-2019, May- 2019
e-ISSN......: 2236-269X
Cover Image

Legal regulation and trends of audit services: what are the differences (evidence of Ukraine)

Olena Antoniuk, Lyudmila Chyzhevska, Nataliia Semenyshena

Abstract


The authors conducted a study aimed to identify discrepancies between the practice in providing audit services and the regulatory framework for their implementation in Ukraine. The purpose of article is to answer questions: are there any differences between the practice of development of types of audit services and regulatory documents for their implementation based on the experience of Ukrainian auditors; what are the differences in the practice of auditing firms in classifying and using the auditors terminology in contrast to the standards and requirements of the legal documents.  A hypothesis was formulated, which later on received a confirmation. By carrying out analytical procedures, the theoretical approaches to the classification of audit services were considered. The authors correlate different classification of audit services in normative documents, including documents of the professional organization of auditors. The results of the study of the terminology content, which is used to identify different types of audit services, have shown the differences between scientists' opinions and different interpretations in auditors practice. Current research is aimed at improving the theoretical and practical provisions for the implementation of related and other services of professional audit services, development of concepts for theoretical support and practical implementation for harmonization of legal regulations and practices of auditors (audit firms). The conclusion of this paper helps to identify vectors in the development of a regulatory framework of audit services on the national level.


Keywords


audit; audit services; service classification.

Full Text:

PDF HTML

References


ALEXEYEVA, I.; SVANSTOM, T. (2015) The impact of the global financial crisis on audit and non-audit fees: evidence from Sweden. Managerial Auditing Journal, v. 30, n. 4-5, p. 302-323. Avaible at: https://www.emeraldinsight.com/doi/abs/10.1108/MAJ-04-2014-1025

AUDIT CHAMBER OF UKRAINE (2007) Provisions of the national practice of quality control of audit services 1 Organization of audit firms and auditors of the quality control system of audit services. Avaible at: http://apu.com.ua/files.

AUDIT CHAMBER OF UKRAINE (2018) Reports of the Audit Chamber of Ukraine to the Cabinet of Ministers of Ukraine. Avaible at: http:// www.apu.com.ua/zvit-do-kmu. Access: 1th October, 2018

BEDNAREK, P. (2009) Historyczne uwarunkowania rozwoju audytu wewnętrznego [Historical factors of the development of internal auditing]. Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, n. 53, p. 9-19. Avaible at: http://www.dbc.wroc.pl/Content/18959/Bednarek_Historyczne_uwarunkowania_rozwoju_audytu_wewnetrznego.pdf

QUICK, R.; WARMING-RASMUSSEN, B.; (2015) An experimental analysis of the effects of non‐audit services on auditor independence in appearance in the European union: evidence from Germany. Journal of International Financial Management & Accounting, v. 26, n. 2. DOI: https://doi.org/10.1111/jifm.12026

BIGUS, J.; ZIMMERMANN, R-C. (2008) Non-audit fees, market leaders and concentration in the German audit market: a descriptive analysis. International journal of Auditing, v. 12, n. 3, p. 159-179. DOI: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1099-1123.2008.00378.x

ELDER, R. J.; LOWENSOHN, S.; RECK, J. L. (2015) Audit Firm Rotation, Auditor Specialization, and Audit Quality in the Municipal Audit Context. Journal of Governmental & Nonprofit Accounting, v. 4, n. 1, p. 73-100. DOI: https://doi.org/10.2308/ogna-51188

GUL, F. A.; JAGGI, B. L.; KRISHNAN, G. V. (2007) Auditor independence: Evidence on the joint effects of auditor tenure and nonaudit fees. Auditing: A Journal of Practice & Theory, v. 26, n. 2, p. 1 17-142. DOI: https://doi.org/10.2308/aud.2007.26.2.117

HANDBOOK OF INTERNATIONAL QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE AND RELATED SERVICES PRONOUNCEMENTS (2016-2017 Edition), volume I. Avaible at: https://www.apu.net.ua/1151-miznarodni-standarti-kontrolu-yakosti-2016-2017

AHMAD, A. C.; HOUGHTON, K. A.; YUSOF, N. Z. M. (2006) The Malaysian market for audit services: ethnicity, multinational companies and auditor choice.. Managerial Auditing Journal, v. 21, n. 7, p. 702-723. DOI: https://www.emeraldinsight.com-/doi/abs/10.1108/02686900610680503

ÖHMAN, P.; WALLERSTEDT, E. (2012) Audit regulation and the development of the auditing profession: The case of Sweden. Accounting History, 17(2), р. 241-257. DOI: https://doi.org/10.1177/1032373211434723

PALMROSE, Z.- V. (2013) PCAOB audit regulation a decade after SOX: where it stands and what the future holds. Accounting Horizons: December 2013, v. 27, n. 4, p. 775-798. DOI: https://doi.org/10.2308/acch-10363

RATZINGER-SAKEL, N. V.S; SCHONBERGER, M. W. (2015) Restricting Non-Audit Services in Europe – The Potential (Lack of) Impact of a Blacklist and a Fee Cap on Auditor Independence and Audit Quality. Journal Accounting in Europe. V. 12, n. 1, DOI: https://doi.org/10.1080/17449480.2015.1035290

RODRIGUES, P. C. C. (2013) Studying the stocks management of a small company of the services. Independent Journal of Management & Production, v. 4, n. 1. DOI: http://www.ijmp.jor.br/index.php/ijmp/article/view/49/318

SIMONE, L.; EGE, M.S.; STOMBERG, B. (2015) Internal control Quality: The Role of Auditor-Provided Tax Services. The Accounting Review, v. 90, n. 4, p. 1469-1496. Avaible at: http://aaajournals.org/loi/ajpt.

TEPALAGUL, N.; LIN, L. (2015) Auditor independence and audit quality: A literature review. Journal of Accounting, Auditing & Finance, v. 30, n. 1, p. 101-121, DOI: https://doi.org/10.1177/0148558X14544505

SIMUNIC, D. A. (2005) Twenty‐five years of audit deregulation and re‐regulation: what does it mean for 2005 and beyond? AUDITING: A Journal of Practice & Theory, v. 24 (supplement 1), p. 111-113. DOI: https://doi.org/10.2308/aud.2005.24.s-1.111




DOI: http://dx.doi.org/10.14807/ijmp.v10i7.903

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Olena Antoniuk, Lyudmila Chyzhevska, Nataliia Semenyshena

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

LIBRARIES BY

Logo Gaudeamus

Logo INDIANA

Logo CHENG KUNG

Logo UTEP

Logo MOBIUS

Logo UNIVEM

Logo Kennedy

Logo Columbia

Logo UCS

Logo MSG/UFF

Logo OPT

Logo Biblioteca Professor Milton Cabral Moreira

Logo UFL

Logo ULRICHSWEB

Logo UNISA