Makeieva O. Organizational aspects and institutional factors of establishment of the auditor profession in Ukraine

This dissertation explores and defines the audit profession in the framework of institutional approach and defines the notions of institution, formal and informal components of institutional development, investigates establishment of public oversight authority as a separate component of the institute of audit. Main attention is paid to determination and description of the state of audit, audit activity and audit profession in Ukraine, generalization of experience of institute of audit functioning in the world liberal economies. According to the results of the studies, we can state that the institute of audit in Ukraine has successfully finished the stage of formal establishment, but it requires serious reformation in accordance with modern requirements and the acquis communautaires of the EU. Insofar as there are several effectively acting models of audit in the world (private, state and mixed), comparison of them with the current state of auditing in Ukraine enabled to find and describe organizational forms and institutional factors of audit modernization and auditor profession authorization. In the result of system approach implementation there was developed and scientifically founded audit institute reformation strategy according to the requirements of Directive 2006/43/EU by means of reformatting the existing system of audit activity regulation (recognition of the Audit Chamber of Ukraine as public supervision authority and delegation of separate certification and quality control functions to professional organizations), which will increase confidence of investors and society to the profession of auditor, and also provide opportunity to acknowledge the developed institute of audit model to be equivalent to the EU requirements.