INTERNATIONAL PRACTICE OF EXTERNAL AUDIT / ԱՐՏԱՔԻՆ ԱՈՒԴԻՏԻ ՄԻՋԱԶԳԱՅԻՆ ՓՈՐՁԸ

Currently, in the of globalization and development of international economic relations, it is especially important to study the factors influencing the development of those relations. The formation of international practice of financial reporting and auditing allows the latter to be more standardized and comparable in different countries and legislations. Regardless of geography, organizations are able to compete with innovations, efficiency and financial indicators. The growth of competitiveness and entry into new markets is further facilitated by the credibility and reliability of financial data, the assurance of which is provided by the conclusions issued by external independent auditors. The development of international auditing standards is aimed at the internationalization of auditing, which allow audit conclusions to be made comparable, and international investors are able to make more grounded decisions when comparing future investments in different companies. On the other hand, the auditor's profession is also undergoing changes related to technologies and innovations, such as artificial intelligence, blockchain technologies. Studying international auditing practice allows to be in line with current trends, apply new methods to increase the efficiency of the auditor's work, and find solutions to local difficulties and issues specific to a given region.