Factors determining the state of audit quality in small audit firms

Abstract

The paper presents the problems in the practice of quality control in small audit firms and the prospects for overcoming the challenges related to the formation of the system - the factors affecting the functioning of the quality control system are identified and analyzed; based on their analysis, opinions are expressed about the possible exclusion of small audit firms from the market and the retention of auditors employed in them; recommendations are given, the consideration of which will contribute to the provision of high-quality services by the audit firm.