Approaches to pricing in auditing

The problem of pricing in auditing is significant and requires a prompt solution. The lack of rational decisions on this problem has an extremely negative impact on the development of auditing and the prestige of the audit profession. Despite the fact that the influx of new personnel in the industry is critically low, the salary of auditors remains unreasonably low and does not correspond to the professional competencies, knowledge and experience of auditors. The lack of a unified position on this problem negatively affects the development of audit activities, as it leads to an unreasonable and uncontrolled reduction in prices for audit services and the loss of the significance of the audit. The article substantiates the need to adopt a unified pricing approach in auditing.

audit, responsibility, pricing, audit services, audit activities