The Improvement of the System of Internal Quality Control in Small and Medium Auditing Organizations

Abstract

The article considers both theoretical and practical aspects of the improvement of the system of internal quality control over the activities in small and medium auditing organizations, which are nowadays widely disputed. The author analyzes a number of the issues raised in the scientific literature concerning this topic and reflects the problems with the functioning of the quality control system, which are spread among small and medium auditing companies. The author proposes possible solutions to the problems connected with the system of quality control of auditing services in small and medium auditing firms. In particular, it is suggested to implement the standardization of software for auditing organizations in order to optimize labor and financial costs with the purpose of compliance with all the regulatory requirements in terms of ensuring quality control of auditing activities, as well as efficient execution of auditing procedures and prompt interaction with the self-regulating organizations of auditors.