AUDIT POLICY OF SUBJECTS IN MODERN CONDITIONS

Rasheva Olga Dmitrievna

The modern regulatory and legal regulation of auditing activities has been thoroughly analyzed and the directions of its improvement in terms of internal audit support have been identified, which provides audit companies with the opportunity to choose approaches to managing the quality of their services, pricing policy, corporate ethics, and the like, which is aggravated by the conditions of sustainable development and the processes of decentralization of power and management. The possibility of choosing methods and procedures in accounting has led to the emergence of the concept of «accounting policy». The application of the category «audit policy» in the theory and practice of auditing is overdue. Such a category for the subjects of audit activity is justified by the need for a comprehensive systematization in one internal document as a description of approaches (policy disclosure) regarding the features of quality management and pricing of their services, as well as disclosure of their public positioning and responsibility. The public audit policy will contribute to the formation in society (in particular, in certain rural areas) of a positive image of this activity, its compliance with the goals of sustainable development. The broad use of the category «audit policy of the subject of audit activity» in the science and practice of auditing is proposed and the main provisions (sections) are modeled its content (mission, quality management, personnel development and gender equality, corporate ethics, partner responsibility, pricing and remuneration of personnel, roadmap for the development of public utility, professional and social activity). The application of the audit policy as an internal document defining the key guidelines and the choice of approaches to the functioning of an audit company for a certain period forms the core of its financial activities and serves as a comprehensive representation of the company for external partners.

Keywords:audit, audit policy, financial activity, quality control of audit services, corporate ethics, social and professional activity