Audit services market: accent on reform

The pending change of the audit market regulator has become a pressing issue and is essential in order to overcome the longstanding problems in this industry and ensure its further development. These are the conclusions made in the article ‘Audit Reform via the Change of Regulator’ (published in the November issue of ‘Money and Credit’ journal) by Alexander Turbanov and Irina Lisovskaya from the Russian Presidential Academy of National Economy and Public Administration. The article presents an in-depth analysis of both the scope and quality of audit firms’ performance.

The journal also features an article by the General Director of the audit firm PKF FBK Povolzje, Sergey Nikiforov, ‘Employing International Best Practice in Russian Audit Reform’. The article thoroughly examines key regulatory changes that may enhance the efficiency and transparency of this industry.