НЕОБХІДНІСТЬ АУТСОРСИНГУ В ДІЯЛЬНОСТІ АУДИТОРСЬКИХ КОМПАНІЙ У СУЧАСНИХ ЕКОНОМІЧНИХ УМОВАХ

Abstract

The article dwells upon the peculiarities of the use of outsource services in the activities of audit companies. In current economic environment, it is increasingly difficult for audit companies to stay in the audit services market. Competitive environment leads to implantation of new types of services such as outsourcing services. The article is concerned with the essence of the concept of "outsourcing" and variety of its interpretations provided by foreign and domestic scientists and experts. It was revealed practically that outsourcing is the performance of certain functions of business operations by outside service, such as an audit company or an outsourcing freelancer. The aim of outsourcing using and its main types have been specified. The authors of the article have considered the options of outsourcing services for audit companies and their advantages and disadvantages. The specific benefits and negative consequences of using outsourcing services are determined in each case: for each pair of companies and each type of outsourcing. The global outsourcing market has been reviewed and main audit companies, that are the largest providers of outsourcing services, have been identified. In Ukraine, outsourcing is used mainly in the financial, HR, IT and legal sectors. However, one of the most popular sector is accounting outsourcing services. Accounting outsourcing includes services for restoration and maintenance of financial and tax records, tax optimization, compilation report. The business losses due to the COVID-19 pandemic have been assessed from the perspective of outsourcing services using. It is revealed that in terms of the coronavirus pandemic the lifeline for entrepreneurs was outsourcing of non-core functions and business processes, and that allows staying afloat, keeping profits and fully focusing the company's core business. In terms of the coronavirus pandemic, only those companies that operate in the most efficient way, reducing operating costs while maintaining the high quality of their products and services, survive and succeed. The author is convinced that outsourcing is a novel technology of managing companies’ resources in various fields, including audit activities. The advantages that encourage entrepreneurs to use outsourcing services provided by audit companies are liability for violating the rights and obligations of the parties regarding the information confidentiality, and the fact that audit companies employ highly qualified specialists.