Questions of standardization and methodology quality control of audit.

Abstract

Importance of requirements’ implementation in providing the auditor
opportunity to express an opinion whether reporting in all essential
aspects is ready, in accordance with established principles of reporting is
emphasized by the authors in the article. According to the requirements
ISA №220 duties in realization of quality control procedures in the course
of each testing are vested in members of audit team. Basic quality control
procedures of implementing tasks in respect of: guidance of tasks implementation;
compliance with ethical requirements; accepting a client and
continuation of cooperation with him and also accepting tasks; assignment
of audit team for the task; task completion: task completion monitoring are
revealed in the article. The main directions of quality assurance engagement,
using the method of expansion of services into composes processes:
preparatory, basic and final are presented. Thus, we can say, the audit firm
should establish policies and procedures that provide reasonable assurance
that they are appropriate, effectively functioning and kept in practice.