Research Article
Irina V. Babiy, Oleksii P. Zor
Abstract
The proposed model of the organization of audit services provided to foreign economic entities in preparation for the entry into foreign capital markets is distinguished by the direction aimed at identifying typical business facts, investigating the auditor, sources of information on such facts, audit risks. Implementation of the proposed internment standards ensures unification of the process of audit tasks, and accordingly reduces audit risks, risks of foreign economic activity and ensures the quality of the provided audit services. The definition of the differences in the concept of related services from existing approaches to the control and audit of foreign economic activity caused the need to develop ethical and technical standards for internal firms. The ethical and technical standards "Confidence", "Providing consulting services", structured and contain the purpose, the basis for the development, the field of application of the standard, basic audit procedures, validity, allow to codify and organize the knowledge of auditors, which contributes to the improvement of personnel qualifications, the specialization of the audit firm in the field of foreign economic activity and the quality of audit services. The results of approbation of research in the practice of audit firms prove the adaptation of the proposed methodological and organizational provisions for the implementation of related services: developed internal standards, regulations and working documents are used to reduce audit risk and improve the quality of audit services.