ENSURING THE QUALITY OF FINANCIAL STATEMENT AUDITS IN THE CONTEXT OF DIGITALIZATION
DOI:
https://doi.org/10.32782/2413-9971/2026-59-6Keywords:
audit quality, financial reporting, audit quality management system, audit digitization, digital technologiesAbstract
The article raises the issue of ensuring the quality of financial statement audits in the context of the transformation of auditing activities and the active introduction of digital technologies. The relevance of the topic is due to the growing level of uncertainty in the economic environment, increased user demands for the reliability and accuracy of financial information, and changes in the professional activities of auditors associated with the digitization of auditing procedures. Under such conditions, audit quality becomes essential as a tool for ensuring trust in financial reporting and the effective functioning of the corporate governance system. The focus is on the conceptual understanding of audit quality as a multidimensional category that is shaped by the auditor's professional judgment, the organization of the audit process, and compliance with ethical principles. The place of financial statement auditing in the corporate governance system and its role in reducing information asymmetry between business entities and stakeholders are considered. Approaches to interpreting audit quality in modern socio-economic conditions are outlined. Particular emphasis is placed on the quality management system for auditing activities as an important element of professional auditing practice. The article highlights the essence of quality management, the importance of internal standards and quality control procedures, as well as the auditor's responsibility for compliance with established requirements. It emphasizes the need to combine formalized procedures with professional judgment in the context of the growing complexity of financial information. The influence of organizational and institutional factors on the audit quality assurance process is noted. Considerable attention is paid to the digitization of audit procedures and its potential impact on the quality of financial statement audits. The use of digital tools, automated procedures, and data analytics in the audit process is discussed. Along with the potential opportunities offered by digital technologies, attention is focused on the advantages and limitations of data quality and technological dependence. The general directions of the impact of digital transformation on the professional activities of auditors are outlined.
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