Shifting the focus from the western audit model to domestic needs

Abstract

Importance: the imposed priority of the audit services market in the Russian Federation today is development within the framework of the Sustainable Development Goals and ESG concept. These principles are generalized and reflect the priorities of Western countries. A reorientation toward domestic needs and the development of domestic thinking is necessary. Purpose: according to the authors, a shift in focus is necessary from expanding the consulting services market to focusing on the development of neural networks, the use of artificial intelligence, cloud technologies, and electronic document management to facilitate a rapid transition from spot checks to comprehensive intelligent auditing. Research Design: the main essence of this shift in focus lies in the transition from the mechanical consequences of International Auditing Standards (ISAs), developed primarily for global companies and investors, to an audit system that primarily serves the interests of the Russian economy, Russian companies, and Russian users of financial statements. This does not represent a rejection of best global practices, but rather their adaptation and reorientation toward national priorities. Results: the development of auditing within the framework of sustainable development should begin with audits of partner financing, as ethical goals have many points of contact and form a reliable basis for further improvement and expansion of other goals in the long term.