The public-law nature of audit-related services as an integral part of the audit activity

the article explores the legal nature and essence of audit-related services, which are an integral part of the audit activity. The relevance of the topic is conditioned by the significant potential of audit-related services in their use within the framework of independent financial control of public financial statements of business entities, along with the audit, in the exercise by audit firms of their financial and control powers, implemented in order to protect the rights of society, the state and business to obtain reliable financial information on the economic activities of certain private entities, especially significant for the economic system of the country. The article considers and analyses the cases of mandatory checks of financial statements of certain economic entities established by law, conducted in the form of audit-related services. On the basis of the conducted research, the author proposes to classify the audit-related services into mandatory and initiative ones, and also concludes that there is a public-law component in the content of mandatory audit-related services. Theoretical and practical significance of the research lies in the fact that this work is one of the first to raise the issue of determining the place of audit-related services in the Russian legal system and substantiates the inclusion of mandatory audit-related services in the subject of public financial law.

audit activity, audit services, audit, audit-related services, mandatory audit-related services, financial control, audit control