Audit Theory: Classical Core and Development

At the present stage of development of science and practice of audit, its theory is presented in fragments. In the period before the emergence of mass public discontent with the work of auditors (which was a consequence of the collapse of Enron, WorldCom, Parmalat and other institutions), the main...

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Main Authors: Valerii Zhuk, Kateryna Melnyk
Format: Article
Language:deu
Published: Institute of Accounting and Finance 2020-12-01
Series:Облік і фінанси
Subjects:
Online Access:http://www.afj.org.ua/pdf/796-teoriya-auditu-klasichne-yadro-ta-rozvitok.pdf
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spelling doaj-a68118468f3f4a5aac8e456153cc08e52021-01-25T10:36:52ZdeuInstitute of Accounting and FinanceОблік і фінанси2307-98782518-11812020-12-014(90)8910210.33146/2307-9878-2020-4(90)-89-102Audit Theory: Classical Core and DevelopmentValerii Zhuk0https://orcid.org/0000-0003-1367-5333Kateryna Melnyk1https://orcid.org/0000-0001-9167-5801"Institute of Agrarian Economics" National Scientific Centre, Kyiv, Ukraine"Institute of Agrarian Economics" National Scientific Centre, Kyiv, UkraineAt the present stage of development of science and practice of audit, its theory is presented in fragments. In the period before the emergence of mass public discontent with the work of auditors (which was a consequence of the collapse of Enron, WorldCom, Parmalat and other institutions), the main efforts of scientists were aimed at substantiating the needs of audit, its methods, principles, concepts, and postulates. Today, the need to concentrate efforts on the search for a qualitatively new, ideological level of audit theory is obvious. The purpose of the article is to reveal the essence of the classical core of audit theory, as well as to substantiate the need to expand the content of audit theory by borrowing provisions from other modern general economic and accounting theories. The authors have established the weaknesses of the theories (concepts) of audit, among them: a contradictory, non-systemic explanation of the nature of audit; limitation of scientific borrowings from other economic and accounting theories; weak connection with the development of social and economic theories. The necessity for the formation of the classical core of the audit theory was substantiated; its essence and significance for the development of audit science were revealed. The logic of the determination of concepts and the classification of individual theoretical contributions to the classical core of the audit theory was put in order. A structural model of the development of science and practice of audit was proposed. The necessity of basic ideological and general economic borrowings to the audit theory was substantiated, among them: institutional and behavioral doctrines; concepts of sustainable development and digital economy; modern management theories (integral ideological structure). Based on the trends in the development of the digital economy, the emergence of the specialization of an IT auditor was predicted, whose task will be to assess the effectiveness of setting up digitalization processes to objectively reflect the effectiveness of business.http://www.afj.org.ua/pdf/796-teoriya-auditu-klasichne-yadro-ta-rozvitok.pdfauditaudit theoryinstitute of auditaudit conceptsclassical core of audit theoryaudit as a component of integral managementaudit as a component of sustainable development
collection DOAJ
language deu
format Article
sources DOAJ
author Valerii Zhuk
Kateryna Melnyk
spellingShingle Valerii Zhuk
Kateryna Melnyk
Audit Theory: Classical Core and Development
Облік і фінанси
audit
audit theory
institute of audit
audit concepts
classical core of audit theory
audit as a component of integral management
audit as a component of sustainable development
author_facet Valerii Zhuk
Kateryna Melnyk
author_sort Valerii Zhuk
title Audit Theory: Classical Core and Development
title_short Audit Theory: Classical Core and Development
title_full Audit Theory: Classical Core and Development
title_fullStr Audit Theory: Classical Core and Development
title_full_unstemmed Audit Theory: Classical Core and Development
title_sort audit theory: classical core and development
publisher Institute of Accounting and Finance
series Облік і фінанси
issn 2307-9878
2518-1181
publishDate 2020-12-01
description At the present stage of development of science and practice of audit, its theory is presented in fragments. In the period before the emergence of mass public discontent with the work of auditors (which was a consequence of the collapse of Enron, WorldCom, Parmalat and other institutions), the main efforts of scientists were aimed at substantiating the needs of audit, its methods, principles, concepts, and postulates. Today, the need to concentrate efforts on the search for a qualitatively new, ideological level of audit theory is obvious. The purpose of the article is to reveal the essence of the classical core of audit theory, as well as to substantiate the need to expand the content of audit theory by borrowing provisions from other modern general economic and accounting theories. The authors have established the weaknesses of the theories (concepts) of audit, among them: a contradictory, non-systemic explanation of the nature of audit; limitation of scientific borrowings from other economic and accounting theories; weak connection with the development of social and economic theories. The necessity for the formation of the classical core of the audit theory was substantiated; its essence and significance for the development of audit science were revealed. The logic of the determination of concepts and the classification of individual theoretical contributions to the classical core of the audit theory was put in order. A structural model of the development of science and practice of audit was proposed. The necessity of basic ideological and general economic borrowings to the audit theory was substantiated, among them: institutional and behavioral doctrines; concepts of sustainable development and digital economy; modern management theories (integral ideological structure). Based on the trends in the development of the digital economy, the emergence of the specialization of an IT auditor was predicted, whose task will be to assess the effectiveness of setting up digitalization processes to objectively reflect the effectiveness of business.
topic audit
audit theory
institute of audit
audit concepts
classical core of audit theory
audit as a component of integral management
audit as a component of sustainable development
url http://www.afj.org.ua/pdf/796-teoriya-auditu-klasichne-yadro-ta-rozvitok.pdf
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