INTERNATIONAL PRACTICES IN AUDIT SUPERVISION

The supervision of audit activity can be performed through different regulatory models. Depending on the specifics of each country, it uses its own model or regulatory system. In this article, the author describes several models for regulating the systems of audit activity supervision, lists some problematic aspects, presents different legislative provisions and highlights the opinions of several specialists in this field. Therefore, here are researched the significant differences between countries regarding the mode of public audit supervision, is analyzed the problem of financing the systems of audit activity supervision in different countries and is studied the obligativity of auditing financial statements through the regulations of the Republic of Moldova, EU and the USA.