TRUST AS AN AUDIT PHILOSOPHY
Journal: AUDITOR
Volume 6 № 4
, 2020
Rubrics: THEORY AND PRACTICE OF AUDIT
Authors:
1.
Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)
(Department of Public Administration and Public Policy, Professor)
Moskva, Moscow, Russian Federation
Moskva, Moscow, Russian Federation
Type:
Article
Pages:
from 39
to 43
Status:
Published
Received:
08.05.2020
Accepted:
15.05.2020
Published:
15.05.2020
Subject area:
UDK 65 Управление предприятиями. Организация производства, торговли и транспорта
Language:
Russian
Keywords:
audit, audit activity, fi nancial (accounting) statements, theory, concept, trust, control, quality
Abstract (English):
Th e article presents the hierarchical level structure of the theory of audit and examines in detail the fi rst worldview level of audit theory, which is an audit philosophy based on trust. In conditions of uncertainty and increased risks, the category of «trust» takes on a new very important meaning. In audit activities, the relationship between the auditor and the audited entity is built on trust, which subsequently transforms into confi dence and forms an opinion regarding the reliability of the accounting (fi nancial) statements.
Th e article presents the hierarchical level structure of the theory of audit and examines in detail the fi rst worldview level of audit theory, which is an audit philosophy based on trust. In conditions of uncertainty and increased risks, the category of «trust» takes on a new very important meaning. In audit activities, the relationship between the auditor and the audited entity is built on trust, which subsequently transforms into confi dence and forms an opinion regarding the reliability of the accounting (fi nancial) statements.
Keywords:
audit, audit activity, fi nancial (accounting) statements, theory, concept, trust, control, quality
audit, audit activity, fi nancial (accounting) statements, theory, concept, trust, control, quality
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3. Montgomery Robert Heister. Auditing theory and practice. NY: The Ronald press company; 1912. 673 p.
4. Sztompka P. Trust: A Sociological Theory. Cambridge : Cambridge University Press, 1999.
