Issue №: 7 (47)
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.
OBLIGATORY AUDIT OF FINANCIAL STATEMENTS IN THE CONTEXT OF AUDIT ACTIVITIES REFORMING IN UKRAINE
FABIYANSKA Victoria – Candidate of Economic Sciences, Associate Professor of State Audit
and Control Department, Vinnytsia National Agrarian University (21008, Vinnytsia, Soniachna str. 3, е-mail: Viktoriafab@ukr.net).
The article considers the concept of trust as economic category in a context of relationship emerging
from delivering audit services between three parties: the auditor (auditing firm), the customer (enterprise)
and the third party (users of financial statements make a decision on further interactions with an enterprise
by results of financial statements checked by an auditor).
The concept of mandatory audit is investigated, which is a service provided by an independent
auditor (a subject of audit activity) to enterprises (organizations) which according to legal requirements
are obliged to publish annual financial (consolidated) statements together with an auditor report for the
purpose of providing its users with reliable information for adoption of management decisions.
Precautionary measures on ensuring quality of mandatory audit under conditions of imminence of
the national legislation to EU requirements are investigated in the article. Such requirements are direct ed
to the creation of special conditions of production of audit activity an ultimate goal of which is ensuring a
high-quality audit of financial statements of enterprises which are of social (public) interest.
Implementation of all rules makes it impossible or reduces to the minimum a possibility of violation of the
fundamental principle of auditor professional ethics - independence.
Performance by subjects of audit activity of all measures provided in the Law of Ukraine "About
Audit of Financial Statements and Audit Activity" will provide that measure of synergetic effect thanks to
which high quality of audit services will be reached and, as a result, growth of trust to work of an
independent auditor from the party of users of financial statements.
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diialnosti v Ukraini [Organization, regulation and main problems of the development of audit activity in
Ukraine]. Ekonomika ta derzhava - Economy and the state, 5, 59-61 [in Ukrainian].
2. Ilnytska, L.Yu. (2015) Aktualni problemy rehuliuvannia audytorskoi diialnosti v umovakh
perekhodu na mizhnarodni standarty [Actual problems of regulation of audit activity in the conditions of
transition to international standards]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia:
Pravo. - Scientific herald of Uzhgorod National University. Series: Right, 30(1), 167-169. Retrieved from
http://nbuv.gov.ua/UJRN/nvuzhpr_2015_30(1)__42 [in Ukrainian].
3. Shalimova, N.S. & Kuzmenko, H.I. (2016). Rehuliuvannia oboviazkovoho audytu v krainakh YeS
ta Ukraini [Regulation of statutory audit in EU countries and Ukraine]. Stratehiia rozvytku Ukrainy -Strategy of development of Ukraine, 1, 51-56 [in Ukrainian].
4. Fabiianska, V.Iu. (2017). Systema kontroliu yakosti audytorskykh firm Ukrainy yak osnova yikh
staloho rozvytku [System of quality control of audit firms of Ukraine as the basis of their sustainable
development]. Ekonomika. Finansy. Menedzhment: aktualni pytannia nauky i praktyky - Economy.
Finances. Management: topical issues of science and practice, 4, 132-143 [in Ukrainian].
5. Pro audyt finansovoi zvitnosti ta audytorsku diialnist: Zakon Ukrainy vid 21.12.2017 r. № 2258- VIII
[About the audit of financial reporting and audit activity: Law of Ukraine dated December 21, 2017, No. 2258-VIII]. (n.d.). zakon2.rada.gov.ua. Retrieved from http://zakon2.rada.gov.ua /laws/show/2258-19 [in Ukrainian].
6. Kodeks etyky profesiinykh bukhhalteriv [Codex of Ethics for Professional Accountants]. (2012)
Kyiv [in Ukrainian].
7. Turchyn, L.Ie. (2012) Sutnist poniattia “dovira” yak ekonomichnoi katehorii [The essence of the
concept of "trust" as an economic category]. Efektyvna ekonomika - Effective economy, 5. Retrieved from
http://www.economy.nayka.com.ua/?op=1&z=1173 [in Ukrainian].
8. Slovnyk ukrainskoi movy: v 11 tomakh [Dictionary of the Ukrainian language: in 11 volumes]
(1974), Tom 5, 575 Retrieved from http://sum.in.ua/s/obov.jazkovyj [in Ukrainian].
9. Pro bukhhalterskyi oblik ta finansovu zvitnist v Ukraini: Zakon Ukrainy vid 16 lypnia 1999 r. №
996, zi zminamy ta dopovnenniamy [About the Accounting and Financial Reporting in Ukraine: Law of
Ukraine dated July 16, 1999 No. 996, with amendments and supplements]. (n.d.). zakon2.rada.gov.ua.
Retrieved from http://zakon5.rada.gov.ua/laws/show/996-14 [in Ukrainian].
10. Pozytsiia Audytorskoi palaty Ukrainy – orhanu profesiinoho samovriaduvannia audytoriv
shchodo vyznachennia vypadkiv oboviazkovoho audytu ta kola subiektiv audytorskoi diialnosti, yaki
zdiisniuiut oboviazkovyi audyt: skhvaleno rishenniam Rady Audytorskoi palaty Ukrainy vid 21.02.2019
[The position of the Chamber of Auditors of Ukraine - the body of professional self-governance of auditors
on the definition of cases of compulsory audit and the range of audit entities that carry out the statutory
audit: approved by the decision of the Council of the Audit Chamber of Ukraine dated 21.02.2019]. (n.d.)
www.apu.net.ua. Retrieved from https://www.apu.com.ua/2019/02/26 [in Ukrainian].
11. Reiestr audytoriv ta subiektiv audytorskoi diialnosti [Register of auditors and subjects of audit
activity]. (n.d.). www.apu.com. ua. Retrieved from https://www.apu.com.ua/2018/10/01/reiestr-audytoriv-ta-subiektiv-audytor/ [in Ukrainian].
12. Pro zatverdzhennia Polozhennia pro zabezpechennia nezalezhnosti audytora: zatv. Rishenniam
APU vid 24.12.2009 №209/5 [On Approval of the Regulation on the Guarantee of Independence of the
Auditor: Approved by the Decision of the UBA of December 24, 2009 №209/5]. Retrieved from
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13. Mizhnarodni standarty kontroliu yakosti, audytu, ohliadu, inshoho nadannia vpevnenosti ta
suputnikh posluh, vydannia 2016-2017 roku [International Standards on Quality Control, Audit, Review,
Other Assurance and Related Services, Edition 2016-2017]. (n.d.) www.apu.net.ua. Retrieved from
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14. Zvit Audytorskoi palaty Ukrainy do Kabinetu Ministriv Ukrainy za 2017 r. [Reports of the Audit
Chamber of Ukraine to the Cabinet of Ministers of Ukraine for 2015-2017]. (n.d.). www.apu.com. ua.
Retrieved from http://www.apu.com. ua/zvit-do-kmu [in Ukrainian].
15. Alhorytm pobudovy systemy kontroliu yakosti dlia novostvorenoho subiekta audytorskoi
diialnosti [An algorithm for building a quality control system for a newly created subject of audit activity].
(n.d.) www.apu.net.ua. Retrieved from https://www.apu.com.ua/2019 [in Ukrainian].
About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine".
The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281
(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).
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The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.
The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.
Objectives of the journal:
- publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
- expanding partnerships with international scientific publishing organizations;
- enhancing the culture of reviewing and annotating published material;
- adherence to editorial ethics.
Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.
The cost of printing one page in professional editions of the university is 60 UAH.
An additional copy of the magazine with the mailing list costs 250 UAH.
Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "
It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.
From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)
The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "
