Daria Dolotenkova
Daria Dolotenkova
A newly adopted Federal Auditing Law meets international audit regulatory requirements. It is a step forward in improving auditing and accounting legislation. In particular, one of the striking features about the law is a streamlined quality control system with three levels of quality control for audit work:
Firstly, federal level, i.e. control exercised by a federal audit body;
Secondly, level of professional associations, i.e. control exercised by professional audit associations;
Thirdly, intra-firm quality ...