Features of activity of audit organizations in the transition period in the new subject in Russia

In just a few decades of its development in our country, the audit showed himself as a promising and rapidly growing market of professional services. At this stage of its development, the audit is an independent segment of the economy with a fairly significant annual turnover. In the Soviet Union the need for audit services was absent due to the economic structure - has not been a free market economy. But in the early 90s. with the development of market-specific forms of ownership, including, and with the collapse of the USSR, and the reform of the financial system, both in Russia and in Ukraine having enterprises with autonomy in the conduct of economic activity. In this regard, there was a need for a mechanism of control of reliability of the information disclosed in the financial statements that later materialized in the audit. In an unstable market economy increases the role of the audit for businesses. This need to create the most powerful audit system linked to the increasing demands from the market economy.

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