State control as an instrument for financial regulation of the market of audit services

Abstract

An analysis of current trends in the development of the russian economy allows to state the complication of economic ties in Russia and the world. It causes a need of more profound specialization of the industry markets, depending on various criteria signs. One of such is the confessional membership of market participants, which is a consequence of the revival of religious traditions, as the This paper is dedicated to the regulation of activities in the audit market at the stage of forming the foundations of the digital economy, and a set of measures to control and improve the quality of audit activities in general. We review the issues of regulation of the market of audit services by a number of regulatory acts, and the performance of audit organizations to be checked and monitored by state bodies and public organizations, where the control functions are carried out by the Ministry of Finance of the Russian Federation, the Audit Council, the self-regulating organizations of auditors, and the Federal treasury.