Identification of Factors Influencing the Assessment of the Attractiveness of the Audit Subjects when Rendering Related Services

Journal Title: Статистика України - Year 2015, Vol 71, Issue 4

Abstract

The process of outsourcing an external consultant for rendering related audit services such as preparation of financial information on selected issues is studied. Factors affecting the attractiveness assessment of audit companies when rendering the related services and the existing methods for assessing the acceptability of consulting services using the integrated parameter and EFQM model (model of excellence of the European Foundation of Quality Management) are reviewed. The outlined qualitative characteristics of auditor companies at the consulting market and the price factors lay the background for the proposed matrix model for presentation of the attractiveness index for related services. A review of definitions of “efficiency” is given. It is emphasized that the efficiency, being a broader indicator for evaluating audit companies in rendering related services, © О. E. Лубенченко, 2015 is largely conditional on the market demand for these auditor services. Invitation of an external consultant (auditor) is conditional on several factors that need to be accounted for by the audit company personal: qualification of personnel, pricing of services; convenient (comfort) way of rendering services; assessment of the client performance after the auditor advice is accepted; assessment of losses and risks that may occur if the auditor’s warnings are neglected; readiness of the management personnel of a client to take on the responsibility for the results of financial and economic operation after the auditor advice is accepted. Awareness of consideration for these factors allows a client company to take on the competitive position at the market.

Authors and Affiliations

О. Е. Lubenchenko

Keywords

Related Articles

Accounting Policy of the Entity Regarding Objects of Fixed Assets, in the IFRS Implementation Context

The article aims to study the existing methods for analysis of accounting policy and its main components regarding the objects of fixed assets that are subject to disclosure in financial reporting following the requireme...

Audit of the System of Human Resources Management as a Guarantee of the Realization of the Concept of Economic Security of the Enterprise

The problem of realization of the concept of company’s economic security requires the regulation of the basic security, while the key resource that provides the greatest reserves for improving the efficiency of modern ma...

Український аудит у контексті статистики

Рассмотрены статистические данные о ситуации и развитии рынка аудита в Украине. За период 2011-2016 гг. подана динамика количественных показателей рынка, среди которых число аудиторов, число аудиторских фирм и физических...

Інвестиційна безпека держави: стратегічні цілі та механізм забезпечення

Обґрунтовано, що в умовах трансформаційних зрушень актуалізуються наукові дослідження у сфері економічної безпеки держави. При цьому особливого значення набувають процеси забезпечення інвестиційної безпеки, оскільки її г...

Студентська олімпіада як форма підготовки до професійної діяльності аналітика-статистика

У статті викладено практичний досвід організації заходів, спрямованих на вдосконалення якості підготовки фахівців, підвищення інтересу студентів до обраної професії, створення умов для оволодіння студентами необхідних пр...

Download PDF file
  • EP ID EP564348
  • DOI -
  • Views 182
  • Downloads 0

How To Cite

О. Е. Lubenchenko (2015). Identification of Factors Influencing the Assessment of the Attractiveness of the Audit Subjects when Rendering Related Services. Статистика України, 71(4), 69-75. https://www.europub.co.uk/articles/-A-564348