2(134)/2017

STRENGTHENING OF PUBLIC TRUST TO AUDIT

Vahid Novruzov Tapdig oglu
Doctor of Economics, Professor Chairman of Chamber of Auditors
of Azerbaijan Republic
Narmin Akhmedli Abbas
Chamber of Auditors of Azerbaijan Republic


Abstract



Purpose – the analysis up to standard audit estimates, strengthening of trust to audit and carrying out the analysis of the international experience in this direction
Design/methodology – system approach, comparative and statistic analysis

Findings – observance by auditors of International Standards of Audit and the fundamental principles, public concerns according to professional auditing service
in rendering auditor services can achieve public trust
Research limitations – audit rather new infrastructure sphere for national economy, lack of high services and the range of the rendered auditor services, lack of satisfactory level of professionalism of auditors, certain gaps of the audit legislation in availability, and on the other hand application of laws with non-compliance in audit area incredibly low trust of the public to auditing and expectations from it

Practical implications – it can be used on increase in professional level in the field of auditor activity as methodical means in result of influence determination of economic achievements and in a research of stability of work of the auditor

Originality/value – in the direction of strengthening of public trust to audit considering experience of the countries with good results of audit and an increase in
transparency, the specific purposes and tasks corresponding the requirement of ISA and CEPA and high criteria were defined and carried out defined scientific justification.


Keywords: public trust, auditor - community, quality of audit, expectation failure, independence.


JEL Classification Codes: D73, H83, M40


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