UDK
331:657
L.T.Zhumaliyeva
Candidate of History Sciences and
Associate Professor, KazATU named
after S.Seyfullina
Republic of Kazakhstan, City Astana
Т.К.Bekzhanova
Candidate of Economic Sciences and
Associate Professor, CSUofTI
named after Sh.Esenov
Republic of Kazakhstan, City Aktau
Today more and more important is the
need to ensure the competitiveness of the economy of Kazakhstan in the
framework of the tasks the Head of State of Kazakhstan joining the top 50 most
competitive countries in the world. In order to implement the planned measures
are necessary strategies to ensure rapid transition of the real economy to the
international standards of financial reporting and auditing.
Currently, the Law of the Republic of
Kazakhstan "On amendments and additions to some legislative acts of the
Republic of Kazakhstan on auditing activity", according to which the audit
activities carried out in accordance with international auditing standards.
As the domestic and international
practice, the demand for audit services has arisen in connection with the
following circumstances [1, p.2]
- The possibility of biased
information from the administration in the event of a conflict with the users
of this information (owners, investors, creditors);
- The dependence of the effects of
decisions made on the quality of information;
- The necessity to have special
knowledge to verify the information;
- Partial lack of information, access to sources
of information users to assess
its quality.
All of these conditions have led to
the emergence of the social service needs of independent experts with the
appropriate training, qualifications, experience and authorization for the
provision of such services. This is due to the fact that the availability of
reliable information to improve the efficiency of functioning of all interested
market participants, and provides an opportunity to assess and predict the
consequences of various economic decisions.
Audit in Kazakhstan began in the late
80s, it was then started his first steps auditing organizations. And in 1993
the audit formally cemented his birth with the adoption of the first Law of RK
"On Auditing". During this time, the audit has taken its rightful
place in the financial market, has proved its right to exist as an institution
of the audit.
Currently established sufficient
integrity auditing activities regulation system, which is represented by a
number of normative legal acts, including the Law "On audit activity"
(hereinafter - the Law) of 20 November 1998, adopted May 5, 2006 amendments,
the Law of RK "On mandatory insurance civil liability of auditors and
audit organizations "of 13 June 2003, as well as the normative legal acts,
approved by Order of the Minister of Finance of the Republic of Kazakhstan [2,
5]. But, despite this, the issue of improving the audit profession is one of
the more pressing.
In the current economic conditions,
customers need a quality audit of the audit, not a formal audit report
confirming the accuracy of the financial statements. Therefore, the issue of
control over the quality of work of audit firms is extremely important.
In this regard, focus concept in the
medium term for the rise of the quality control of audit services and this is
the main focus on the development of a qualified audit.
The law provides a set of measures
aimed at improving audit quality and public confidence in the audit profession.
First of all, we are talking about strengthening the auditing profession, its
development of self-regulation, as well as continuing professional development
for auditors.
Within the framework of the above
objectives, the emphasis will be on training of auditors, their certification
and training, protection of the interests of users of financial information,
which is, first of all, must be confirmed by a qualified audit, as well as
ordering the foundations of the audit institution functioning.
The development of self-regulation of
the audit profession is currently being actively discussed in the professional
community. The question of enhancing and strengthening the self-regulatory
professional organizations, through which the quality control of audit services
will be held. There is a need to establish a number of professional
organizations that, in fact, serve as a lever for the further development of
the audit market [3, p.17].
The main activity in professional
organizations should be issues of concern to the professional community and the
general public: the state of corporate governance, taxation, the effective transition
to the international standards of financial reporting and auditing. And all
this must refer to the sphere of activity of self-regulating professional
organizations. To this end, the Law provides for a variety of professional
auditing organizations, which will create a favorable competitive environment,
which in turn will contribute to a proportional increase professionalism and
improve the quality of audit services.
The development of the audit
profession should be in the public interest, where the cornerstone should be
put directly to user interests, and to this end it is necessary to exclude the
possibility of its development in the confined space within the interests of
auditors themselves. The auditor works for the user to be sure of the information
received. This kind of protection, a guarantee of its rights. A guarantee the
rights of its citizens - and is a function of the state, which should set clear
criteria and rules. If the professional organizations test and improve the
professional level of auditors, the state is responsible for compliance with
legal provisions and the general rules. For this and needs government
supervision [4, p.34].
This question is quite important not
only for Kazakhstan, he was seriously both theoretical and practical
development in most of the leading countries of the world. Since the audit
results are the basis for many economic decisions, audit activities rather
strictly regulated in all countries. As the recent events in the US, the lack
of control by the state in relation to the activities of audit firms nearly led
to the collapse of the stock market and brought billions in losses for
shareholders of a number of leading US companies.
To improve the audit system of the
main directions for the medium term are:
- The introduction into the curricula
of secondary and higher education institutions and study of ISAs ability of
their application in practice;
- Development and improvement of the
system of professional practicing auditors accredited professional auditing organization;
- An effective system of state
supervision over compliance with legislation on audit activity.
Also, in cooperation with
the professional community need to work to enhance the prestige of the auditing
profession through briefings, "round tables", with warning through
the media. Similar activities will interest and attract young people, as there
is currently demand in audit services increases dramatically, which will also
decide the issue of selection of suitable personnel staff.
Described improvements to
the audit will provide the framework for further development of the audit
profession. It should be noted that a balanced approach by the government would
achieve the desired level of balance as in the relations between the state and
the audit community, and in the relationship between themselves accredited
professional auditing organizations that will be involved in auditing
activities regulatory process that will serve the further positive development
of the audit profession in the Republic of Kazakhstan.
Literature:
1. D.O Ablenov Basics of the audit: Textbook. - Astana: Folio,
2008. - 448 c.
2. D.O Ablenov Financial control and an in-depth audit of the
theory, methodology, practice: Textbook. - Almaty: "Economy", 2007. -
608 c.
3. EO Nurseitov Accounting organizations. Tutorial - Almaty: LEM
Publishing, 2006 - 472 p.
4. Sharipov AK Audit: textbook. - Almaty: Economics, 2010. -
288 p.