AUDIT IN UKRAINE: PROBLEMS AND PROSPECTS OF DEVELOPMENT

Since independence, Ukraine has created a national audit system that promotes the development of the national economy and the democratization of the country's public life. The structure, support and functioning of this system continue to improve and to this day there is an active development of independent audit and the intensive formation of the market of audit services, however, a number of problems remain that require close attention from practitioners and scientists. The quality of the audit is manifested in accordance with the results of the verification given in the audit report on the actual situation of the enterprise where the audit was conducted. However, the conflict of interests between the owners of the enterprise, its management and external users — government bodies, creditors, investors is a significant challenge for the preparation of a reliable audit report. The current state of development of the market in Ukraine, inadequate state control over the state of economic information provided to external user groups, the dependence of Ukrainian auditors on the payment of their services make it possible for the head of the auditee to influence the preparation of the audit report. All this updates the research of the organization of quality control of audit services in Ukraine. It is concluded that for the effective functioning of the audit quality control system, the widespread use of European experience becomes necessary, taking into account current audit practices in Ukraine. Indeed, in world practice, audit has long been widespread and is an indispensable part of the civilized functioning of a market economy.