The role of legal services in the implementation of auditing activities

Author:

EGOROVA Irina S.1ORCID

Affiliation:

1. Financial University under Government of Russian Federation

Abstract

Subject. This article deals with the issues of development of the legal framework for auditing. Objectives. The article aims to analyze the legal services provided to economic entities and determine the range of issues to be solved during the audit, that require seeking legal advice. Methods. For the study, I used the methods of systems, functional and structural analyses. Results. The article presents the author-developed scheme of the standard, designed to regulate the interaction of the auditor and the legal service. It also proposes measures to reorganize the legal departments of audit organizations. Conclusions. To establish a structural unit that can legally assess the actions of the audited entity and provide the necessary consulting assistance is advisable as part of audit organizations.

Publisher

Publishing House Finance and Credit

Subject

Psychiatry and Mental health,Neuropsychology and Physiological Psychology

Reference8 articles.

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2. Egorova I.S. [Features of fraud audit identification and performance]. Auditor, 2017, vol. 3, iss. 6, pp. 31–42. (In Russ.) URL: Link

3. Egorova I.S. [Features of the formation of an audit opinion under International Standards on Auditing]. Audit, 2018, no. 5, pp. 22–25. (In Russ.)

4. Egorova I.S. [Practical implementation of the evaluation assumptions of going concern under ISA 570 – Continuity of Operations based on data from financial statements]. Auditorskie vedomosti = Audit Journal, 2017, no. 8, pp. 20–30. (In Russ.)

5. Kozmenkova S.V., Tsyganov V.I. [Financial statement audit: An investigation into laws and regulations]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2020, vol. 23, iss. 4, pp. 414–427. (In Russ.) URL: Link

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