PROBLEMS AND FEATURES OF INDEPENDENT AUDITING IN FOREIGN COUNTRIES

Abstract

This paper examines the problems and features of independent audit in foreign countries. The main independent audit is defined. The purpose of the article is to study the theoretical and methodological, organizational aspects of independent auditing in foreign countries, identify modern problems and find ways to solve them. In the study, the legal frameworks for auditing activities in different countries are defined and listed. The features of conducting an independent audit in foreign countries that are active today are considered. The main international standards of auditing in the world are defined, and their essence and differences are revealed. The common reasons for auditing in foreign countries are summarized and a diverse approach in different countries to solving these problems is considered. Common and distinctive features of organization principles, mission, tasks and implementation of independent audit in different countries of the world are analyzed. The UK FRC ethical standard is reviewed and characterized. The standards of independence of auditors in Japan are characterized. Sweden's laws on auditing are listed. ICAEW Regulations Revealed. The construction of the audit system according to international standards in the European Union is considered. The latest innovations in the field of independent auditing in different countries of the world are characterized. The features of independent auditing in the USA are revealed. The types of auditors in the USA are listed. Disclosed features of independent audit in Latin American countries. Violations of independent auditing in different countries are considered and described. Solutions for reducing violations in the audit are provided. Considered and proposed methods of solving and avoiding violations of the independent audit. Conclusions are made and summarized. The practical significance of the research lies in the comparison of general and individual standards of independent auditing in different countries of the world.