The Future of Financial Statements Audit

Nikolovski, Pece and Mircheska, Katerina and Blazheva, Slavica and Malakovska, Maja and Karadjova, Vera (2020) The Future of Financial Statements Audit. International Journal of Sciences: Basic and Applied Research (IJSBAR), 54 (2). pp. 181-189. ISSN 2307-4531

Full text not available from this repository.


In countries without a longstanding tradition of audit, the view is that developing a capacity in audit is essential
for underpinning and enhancing economic growth. The financial statement audit is seen as a gateway to a
stronger accountancy profession and, with it, greater prosperity. By contrast, in countries where audit is more
established, the view is that audit itself must develop. The suggestion is that new, differentiated types of
reporting and new assurance offerings will keep the financial statement audit relevant for users. Auditors will need to keep their skills up to date to respond to the challenges created by heightened expectations of the
profession. The digital age creates opportunities and threats. This paper sets out some recommendations for
standard setters and regulators to support better global outcomes.
Keywords: financial statements; financial audit; future of audit; auditing standards.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Tourism and Hospitality
Depositing User: Prof. d-r Vera Karadjova
Date Deposited: 14 Oct 2020 08:08
Last Modified: 14 Oct 2020 08:08

Actions (login required)

View Item View Item