Analytical procedures for methods of personnel management of audit firms

Abstract

The efficiency of the audit firm's workforce management depends on its reputation and therefore its competitiveness. In order to identify modern approaches to managing the staff of audit firms, we have examined internal policies and reports on the transparency of Ukraine's largest audit firms. In the course of the research, analytical procedures were proposed to evaluate the effectiveness of the HRM methods of audit firms that we propose to group into the following groups: assessment of the effectiveness of lifelong learning; evaluation of results from auditors' rotation; evaluating the results of auditors' independence policies and avoiding conflicts of interest. Determination of the methodological provisions of the economic analysis of the effectiveness of human resources management allowed to form such components as, the total cost of continuing education, the assessment of economic benefits from continuing education, the assessment of losses of the audit firm from the competence of the auditor, the assessment of the effectiveness of methods of human resources management auditing. As the results of the auditors' work are revenues generated by the audit firm, we analyzed the revenues of international audit firms from their activities in the domestic audit services market. Based on the results of the analysis, the features of the activity of the largest audit firms in Ukraine, which are branches or representative offices of international audit firms, were identified. In turn, an assessment was made of the efficiency of the use of staffing capacity of audit firms. As a result of the conducted research, a complex of methodological support for economic analysis was developed, which will allow to evaluate both qualitative and cost indicators of human resources potential.