Development of Eurasian economic integration in the field of auditing: The current stage

Abstract

Subject. This article deals with the issues of integration in the field of audit activities of the EAEU Member States to improve the investment climate and increase the confidence of potential investors in the accounting statements and the results of the activities of enterprises and organizations of the country of possible investment. Objectives. The article aims to analyze the state of organization and regulation of audit activities and assess the legal rules of the introduced common market of audit services in the EAEU Member States, as well as possible areas and problems of their implementation. Methods. For the study, I used the methods of comprehensive, critical, logical, and statistical analyses. Results. The article identifies common approaches and differences in the organization, regulation and standardization of audit activities in the EAEU Member States and assesses the starting conditions before the opening of the common market for audit services on the basis of the Agreement on the Implementation of Audit Activities within the Framework of the Eurasian Economic Union, starting from 2022. The article also draws conclusions about the ways and problems of the possible functioning of the common market of audit services within the framework of the EAEU. Conclusions. The current stage of development of integration in the field of audit within the framework of the EAEU is a very important step towards the free movement of capital between the countries of this Union. The first international legal document has appeared that defines the basic parameters for building such integration. The overall integration base in the field of audit is formed on the basis of the Russian experience and regulations, which will help bring audit activities in other EAEU Member States to a general high level of audit services, and consequently, to a higher quality, transparency and reliability of accounting statements of enterprises and organizations.