Audit of Business: Overview of Current Standards in the Focus of ESG- Regulation

Abstract

The article provides an overview using certain provisions of the current auditing standards and quality management system standards for the purposes of confirming sustainability reporting. A comparison of Russian practice in the field of regulation of assurance of public reports of companies and European regulations obliging auditors to confirm the reliability of non-financial statements with the possibility of expressing a reasonable degree of confidence is given. On the basis of the analysis carried out, directions for improving the regulatory regulation of the procedure for confirming the reliability of non-financial reporting are proposed: regulation of the process of interaction between the auditor and other verifiers of non-financial reporting; introduction of a requirement for the mandatory audit of non-financial (and all corporate) reporting, which actually means a transition from the audit of financial statements to the audit of business. An approach has been formulated to define the concept of "corporate reporting" as a new object of audit.

The Boundaries of the Emergence, Formation of Control, Properties of Auditing in Russia

“…In 1995 there was established the latest Project of performing skilful examinations in the acquisition of a skilful auditor's certificate in the field of unified audit, audit of exchanges, extra-budgetary funds, as well as investment universities. [2,3] The messages of social observation were formed in the figure of the formation of an Advisory consultation, the presence of the Commission according to the audit work that was organized with the agents of audit institutions, Supervision of the properties of audit work in the Russian Federation of high-class organizations, experts, as well as other professionals in the field of audit. Someone was called to contribute to the Commission by the line of research of councils according to the company, as well as audit methodology, improvement of audit work, and ensure the interaction of municipal organizations together with social organizations of auditors.…”

“…In agreement with the audit standards, the target of the audit is considered an increase in the level of confidence of prospective users in accounting economic reporting, but in an unreasonable way, a parodied accounting economic document is in no way able to gain trust from the edge of its users. [3] The audit quality control system is considered an important circumstance of the functioning of the audit institution, in its own order, the messages of its development are at the basis of the institutionalization of audit work. Directly along with the basis for the development of the institutional bases of audit work in the state, along with the basic principles, as well as instructions for performing an audit of accounting economic reporting in the primary mode, the regulatory and legal basic principles for providing the properties of audit work began to be formed.…”

Introduction to the Industry Audit

“…In the construction industry, the audit of accounting statements is especially important due to the fact that significant material, labor and monetary resources are used in this industry. In addition, the activities of construction organizations are often associated with long-term projects for which significant capital can be allocated [3]. An audit of accounting statements in a construction organization allows you to detect inconsistencies between the actual use of resources and information in the reports, assess financial risks and recommend methods of managing them, as well as improve project management strategies.. [2] Problems of accounting audit in the construction industry: Difficulty in assessing the value of property: Construction companies often have a large amount of property, including land, buildings, equipment and other assets.…”

“…In order to increase the productivity of construction, Russia has made the transition to innovative technologies, such as 3D printing and the use of drones, which makes it possible to accelerate and simplify construction processes. [3]…”

Analysis of the information verification model in non-financial reporting of oil and gas companies

“…To ensure such requests, the issue of certification and verification of non-financial reporting data is being actively discussed. Leading Russian scientists have already conducted a number of studies in this area and achieved certain results [9,10,11,12,13].…”