Digital transformation of auditing services in Russia

Subject. This article examines the state of the auditing services market in Russia in the crisis conditions caused by the COVID-19 pandemic and the sanctions regime, and also determines the trends in its development. Objectives. The article aims to analyze the state of the audit services market in Russia based on the data of the Big Four auditing companies (Deloitte, PwC, Ernst & Young, KPMG) in the crisis conditions caused by the COVID-19 pandemic and the sanctions regime, and develop a number of recommendations for overcoming these crises. Methods. For the study, we used analysis and synthesis, and observation. Results. Based on the analysis of the consequences of the pandemic and sanctions, as well as the impact of digitalization on the auditing services market, the article presents certain recommendations for eliminating the negative crisis effects and improving the economic security of the country. Conclusions. The introduction of advanced information technologies into import substituting software will help both overcome the crisis and gain a competitive advantage over advanced solutions of the world market. Together with the State's incentives for firms subject to mandatory audits to digitalize more rapidly, this will help overcome the crisis and significantly reduce the negative effect of the sanctions regime. The results of the study can be used both in practical activities to transform audit processes and for future scientific research.