PRINCIPLES AND METHODS OF ASSESSING THE EFFICIENCY OF THE AUDIT SERVICES MARKET

Continuous development and improvement of the market of audit services, expanding the list of activities and increasing the social responsibility of audit firms, determines the relevance of the development of methodology for assessing the effectiveness of the audit market. The study of the economic content of fundamental definitions related to the process of evaluating the performance of the audit services market has made it possible to justify the illegality of identifying the terms “efficiency” and “effectiveness”. It is proved that the assessment of the effectiveness of the audit services market should include an assessment of the effectiveness that characterizes the relationship between the resources consumed and the results achieved, as well as the performance of the entities of the audit activity as they achieve the stated purpose of their functioning. It is substantiated that the assessment of the performance of the audit services market should be made at the macro, meso and micro levels. One of the problematic issues in the development of the methodology for assessing the performance of the audit services market is the insufficient level of study of the issue of assessing the effectiveness of providing audit services at the macro level, at the level of the audit market. The following principles have been proposed to formulate the theoretical and scientific basis for developing a methodology for assessing the effectiveness of the audit services market: purposefulness; science; continuity; internal company standardization; relevance; multicriteria selection; comprehensiveness; objectivity. The results of the study were embodied in the separate formalized and unformalized methods of assessing the effectiveness of the audit services market. The use of systematic methods will provide an assessment of the performance of the audit services market based on the study of differentiated indicators and criteria.