THE CONTENT AND ESSENCE OF AUDITING: THE BASIC PRINCIPLES SET OUT IN INTERNATIONAL STANDARDS
Keywords:
audit, auditing, international auditing standards, independence, professional skepticism, audit principles, financial reportingAbstract
This article covers the content and essence of auditing, its role and significance in the economic system. In the course of the research, the basic principles of auditing based on international standards were thoroughly analyzed, and their role in ensuring the reliability of financial statements was revealed. The implementation of the requirements of the International Standards on Auditing (ISA) in the national audit system and their practical effectiveness were also assessed. The results of the research serve to develop scientific and practical proposals for improving the quality of auditing and improving auditing activities.
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