KEY THEORETICAL ISSUES IN THE AUDIT OF BUSINESS ENTITIES WITHIN THE FRAMEWORK OF INTERNATIONAL STANDARDS
DOI:
https://doi.org/10.55640/Keywords:
audit, international financial reporting standards, accounting, financial reporting, international Standards on Auditing (ISA), audit theory, business entities, audit quality, auditor professional judgment, financial reporting, international auditing practicesAbstract
This paper explores the key theoretical issues in auditing business entities within the framework of International Standards on Auditing (ISAs). It examines the challenges of harmonizing international audit practices, implementing standards in diverse economic and legal environments, and ensuring their applicability to entities of varying sizes and complexities. The study also analyzes the role of auditor professional judgment, the quality and reliability of audit reports, and the effectiveness of communication with stakeholders. Addressing these theoretical problems is essential for improving audit quality, enhancing transparency, and strengthening investor confidence in financial reporting at the global level.
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