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State and Foresight of the Development of the Audit Market in Ukraine
Nazarova K. O., Malko D. D.

Nazarova, Karina O., and Malko, Daniela D. (2025) “State and Foresight of the Development of the Audit Market in Ukraine.” Business Inform 5:386–392.
https://doi.org/10.32983/2222-4459-2025-5-386-392

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 657

Abstract:
The audit market in Ukraine has undergone significant changes in recent years, influenced by both internal economic processes and external factors, particularly European integration and globalization. The increasing demands for the quality of financial services and the necessity to integrate the Ukrainian market into European and international practices create conditions for the development of auditing activities in the country. Important for this are the processes of improving legislation, enhancing the system of quality control over auditing services, and adapting Ukrainian practices to international standards. The aim of this research is to study the main factors influencing the development of the audit market in Ukraine, as well as to analyze the trends shaping its current state. A significant step in the development of auditing activities was the adoption of new regulatory acts establishing requirements for auditing services and defining the standards for their provision. At the same time, it is important to note that integration into international practices requires significant changes in the regulatory framework, as well as the adaptation of Ukrainian audits to EU standards and other international institutions. This includes not only reviewing existing standards but also implementing new technologies, such as the digitalization of audits, which allows for a significant increase in the efficiency and transparency of processes. However, despite positive changes, the Ukrainian auditing market faces a number of issues, including a shortage of personnel, low trust in auditing services, and non-compliance with modern international requirements. The lack of qualified specialists is one of the main obstacles to the development of this field, making it extremely important to improve the training and certification system for auditors, as well as to enhance their professional training. Problems arising from the lack of qualified personnel can negatively impact the effectiveness of audit checks, which, in turn, reduces trust in the profession as a whole. Despite the challenges, the Ukrainian audit services market has significant potential for development. An important direction is the digitalization of audit activities, which allows for increased accuracy, speed, and reduced costs for clients. At the same time, to ensure an adequate level of quality, it is necessary to strengthen control over auditors’ activities, create a more effective oversight system, including through the Audit Chamber and public oversight bodies, which will help increase trust in the profession and preserve the reputation of the audit market. In summary, it can be noted that the development of the auditing market in Ukraine is impossible without comprehensive reforms aimed at improving the legal framework, increasing the level of staff qualifications, implementing modern technologies, and ensuring transparency in the operations of auditing companies. The further development of the sector will also depend on the State’s ability to adapt to global economic changes and integrate into international standards. Therefore, supporting innovative approaches and forming new mechanisms to ensure stability and the development of auditing practice in Ukraine is essential.

Keywords: auditing, market, digitalization, quality, staffing shortage, quality control, European integration processes, foresight.

Tabl.: 2. Bibl.: 10.

Nazarova Karina O. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Financial Analysis and Audit, State University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]
Malko Daniela D. – Masters Student, Faculty of Finance and Accounting, State University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]

List of references in article

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Odintsov, L. M., Tytarenko, A. O., and Shvets, M. V. “Systema finansovoho kontroliu i rozvytok audytorstva v Ukraini“ [Financial Control System and Development of Auditing in Ukraine]. Visnyk Kremenchutskoho derzhavnoho politekhnichnoho universytetu, no. 1 (2009): 47-.
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