A Synthesis of Information on Regulation, Organization and Methodology of Audit in the EU Countries

  • V. PANTELEIEV National Academy of Statistics, Accounting and Auditing
Keywords: audit, European Union countries, regulation of audit, quality control of audit services, public oversight bodies.


            The paper sums up documents on the legal and practical framework for the regulation of audit, quality control of audit services and public oversight audit all countries of EU. For more than a quarter of a century, an understanding and approval practice of providing audit services has been formed in Ukraine. As an important element of the market mechanism, an audit involves expressing the reasoned opinion of an independent, qualified professional about the entity's financial statements. The time requirement is the use by regulators of new, modern audit techniques. Audit development in Ukraine always goes hand in hand with the study and use of positive audit experience in market economy countries. The main components of such techniques are certain procedures for auditing, quality control of audit services and public oversight bodies. The paper on legal acts and literary sources summarizes the legal and the best practices of audit regulation, quality control of audit services and public oversight bodies in all EU countries (currently 28). The tendencies of organization and regulation of audit activity, variants of influence on the quality of audit services, as well as application of state and non-governmental levers of forming the body of public supervision are indicated. A critical attitude to the regulation of audit, organization and methods of audit in Ukraine is justified. Conclusions are drawn and prospects for further research are outlined.


Download data is not yet available.


1. Blake J., Аmat О. (1997). Evropeyskiy buhgalterskiy uchet. Spravochnik [European aсcounting. Reference book]. Trans. from English. Мoscow: Information and Publishing House “Filin” [In Russian]
2. Bolbotenko І. V. (2016). Napriamy rehuliuvannia makroekonomichnykh ramkovykh umov audytorskoi diialnosti v Ukraini [Directions of adjusting of macroeconomic conditions for public accounting in Ukraine]. Visnyk Odeskoho natsionalnoho universytetu im. I. I. Mechnikova – Bulletin of Odesa Mechnikov National University, vol. 21, issue 1, 205–209 [in Ukrainian].
3. Dоrоsh N. (2016). Formuvannia orhaniv suspilnoho nahliadu za audytorskoiu diialnistiu v krainakh YeS [Forming the bodies for public oversight over auditing in EU countries]. Proceedings from: IV Mizhnarodna naukovo-praktychna konferentsia “Transformatsiini peretvorennia oblikovo-analitychnoho zabezpechennia upravlinnia v umovakh yevrointehratsiinykh protsesiv” – The Fourth International Scientific and Practical Conference “Transformation changes in the accounting and analytical support of management in the conditions of eurointegration processes”. (pp. 370–373). Kyiv: National Economic University named after Vadym Hetman [in Ukrainian].
4. Dаvydov G. M. Shalіmоvа N. С. (2014). Suchasni tendentsii rehuliuvannia audytorskoi diialnosti v yevropeiskomu spivtovarystvi [The modern tendencies in public accounting regulation in the European Community]. Visnyk Lvivskoi komertsiinoi akademii. Seriia: Ekonomichna – Bulletin of Lviv Commercial Academy. Series: Economics, 44, 136–143 [in Ukrainian].
5. Auditing Act (1141/2015) – Finlex. Retrieved from https://www.finlex.fi/fi/laki/kaannokset/.../en20151141.pdf.
6. Іlchenko О. О., Кuzub М. V. (2016). Yakist audytorskykh posluh: problemy ta perspektyvy [The quality of auditing services: problems and prospects]. Bukhhalterskyi oblik, analiz ta audyt: problemy teorii, metodolohii, orhanizatsii – Accounting, analysis and audit: problems of theory, methodology, organization, 2(17), 42–49 [in Ukrainian].
7. Lеnthner C., Sеmion V. (2009). Bukhhalterskyi oblik i audyt v Uhorshchyni [Accounting and audit in Hungary]. Zhytomyr: “Ruth” [in Ukrainian & Hungarian].
8. Lukashenko O. (2016). Rynok audytorskyi posluh Niderlandiv: osnovni vidminnosti ta osoblyvosti funktsionuvannia [The market of audit services in the Netherlands: main differences and operation specifics]. Audytor Ukrainy – Auditor of Ukraine, 7–8 (248–249), 24–27 [in Ukrainian].
9 The official website of the Ministry of Finance of the Republic of Latvia. Auditing 06/09/2013. The public oversight system within Latvia. Retrieved from www.fm.gov.lv/en/.
20. 10. Perelik derzhav (terytorii), yaki vidpovidaiut kryteriiam, ustanovlenym pidpunktom pidpunktu 39.2.1 punktu 39.2 statti 39 Podatkovoho kodeksu Ukrainy. Dodatok do rozporiadzhennia Kabinetu Ministriv Ukrainy vid 14 travnia 2015 r. № 449-r [The nomenclature of the states (territories) conforming with the criteria set by sub-item, item 39.2.1, paragraph 39.2, article 39 of the Tax Code of Ukraine. Appendix to the Directive of the Cabinet of Ministers of Ukraine from May, 14 in 2015 No 449-р. Retrieved from https://www.google.com.ua/search?sxsrf=ACYBGNQy1yFCy8JSjiqy87HHE0yx4J8bMg%3A1580922103461&ei=9_Q6XtPUG43RrgTwuaSwCQ&q=%D0%94%D0%BE%D0%B4%D0%B0%D1%82%D0%BE%D0%BA+%D0%B4%D0%BE+%D1%80%D0%BE%D0%B7%D0%BF%D0%BE%D1%80%D1%8F%D0%B4%D0%B6%D0%B5%D0%BD%D0%BD%D1%8F+%D0%9A%D0%B0%D0%B1%D1%96%D0%BD%D0%B5%D1%82%D1%83+%D0%9C%D1%96%D0%BD%D1%96%D1%81%D1%82%D1%80%D1%96%D0%B2+%D0%A3%D0%BA%D1%80%D0%B0%D1%97%D0%BD%D0%B8+%D0%B2%D1%96%D0%B4+14+%D1%82%D1%80%D0%B0%D0%B2%D0%BD%D1%8F+2015+%D1%80.+%E2%84%96+449-%D1%80+&oq=%D0%94%D0%BE%D0%B4%D0%B0%D1%82%D0%BE%D0%BA+%D0%B4%D0%BE+%D1%80%D0%BE%D0%B7%D0%BF%D0%BE%D1%80%D1%8F%D0%B4%D0%B6%D0%B5%D0%BD%D0%BD%D1%8F+%D0%9A%D0%B0%D0%B1%D1%96%D0%BD%D0%B5%D1%82%D1%83+%D0%9C%D1%96%D0%BD%D1%96%D1%81%D1%82%D1%80%D1%96%D0%B2+%D0%A3%D0%BA%D1%80%D0%B0%D1%97%D0%BD%D0%B8+%D0%B2%D1%96%D0%B4+14+%D1%82%D1%80%D0%B0%D0%B2%D0%BD%D1%8F+2015+%D1%80.+%E2%84%96+449-%D1%80+&gs_l=psy-ab.12...25481.25481..28595...0.2.. [in Ukrainian].
11. Polozhennia pro audyt v Estonii. Rada z pytan audytu 1995 [Provisions about the audit in Estonia. The Council on Audit 1995]. Retrieved from
pres.in.ua/polojennya-pro-audit-v-estoniyi-rada-z-pitane-auditu-1995-gosp.html [in Ukrainian].
12. Riabokuchka L. (2012/1). Opyit postroeniya sistemyi obschestvennogo nadzora za auditorskoy deyatelnostyu v stranah ES [The experience of creating the system of public oversight over auditing in EU countries]. Nezalezhnyi auditor – Independent auditor, 4, 10–23. [In Russian]
13. Institut Österreichischer Wirtschaftsprüfer. Retrieved from http://www.iwp.or.at/fileadmin/user_upload/dokumente/wp-infobroschuere_englisch.pdf
14. Skаskо О. І. I Orhanizatsiia systemy audytu v yevropeiskykh krainakh [Organization of the auditing system in European countries]. Finansovo-kredytna diialnist: problemy teorii ta praktyky – Fіnance and credit activities: problems of theory and practice. Retrieved from http:// fkd.org.ua/article/viewFile/28851/25843 [in Ukrainian].
15. Chizhеvska L. (2015). Rehuliuvannia audytorskoi diialnosti v Cheskii Respublitsi: zarubizhnyi dosvid [Regulation of auditing in Czech Republic: foreign experience]. Audytor Ukrainy – Auditor of Ukraine, 7–8 (236–237). 56–63 [in Ukrainian].
16. Ramona Laptes, Adriana Florina Popa, Florin Dobre (2014). Research on the Evolution of Financial Audit in Romania – Past, Current and Future Trends. Procedia Economics and Finance, 15, 807–814. Retrieved from https://ru.scribd.com/document/310165227/ARTICOL-AUDIT-FINANCIAR
17. Zakon za nezavisimiya finansov odit [The Law on Independent Financial Audit]. Retrieved from: http://www.trudipravo.bg/znanie-za-vas/925-zakon-za-nezavisimiya-finansov-odit [in Bulgarian].
18. Redko O. Yu., Shpakovskaya T. L. (2006). Nezalezhnist i kontrol yakosti v audytorskii diialnosti [Independence and quality control in auditing]. Kyiv [in Ukrainian].
19. Pro audyt finansovoi zvitnosti ta audytorsku diialnist. Zakon Ukrainy vid 21 hrudnia 2017 roku No 2258-VIII [Audit of financial statements and auditing. The Law of Ukraine from December 21, 2017 No 2258-VIII]. Vidomosti Verkhovnoi Rady (VVR) – Records of Verkhovna Rada of Ukraine (RVR), 2018, issue 9, p. 50 [in Ukrainian].

Abstract views: 403
PDF Downloads: 154
How to Cite
PANTELEIEV, V. (2019). A Synthesis of Information on Regulation, Organization and Methodology of Audit in the EU Countries . Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, (4), 39-65. https://doi.org/10.31767/nasoa.4.2019.05