Auditing Under Martial Law

Анотація

Purpose: The article examines the influence of martial law on the economy and social policy and presents the consequences for auditing. Design/Methodology/Approach: A quantitative research strategy was used to study the financing of audit firms at the macro level. A purposive sampling method was applied to select 100 audit firms across 24 regions of Ukraine, representing diverse operational conditions. Data analysis involved statistical techniques to compare expenditures and revenues from 2021 to 2023, highlighting the impact of martial law on financial performance. Research Limitation: Data was obtained on a 25% reduction in the number of audits in 2023 due to economic pressure on the audit sector. Findings: The findings reveal that auditing during martial law in Ukraine underwent significant adaptation to sustain operations amid war-induced disruptions. Audit firms shifted towards digital tools like ACL and IDEA, enabling efficient remote auditing despite restricted site access. Modular systems and flexible schedules mitigated operational challenges such as relocations, delays, and increased risks. Practical Implication: This research benefits the industry by providing insights into practical strategies for maintaining operational continuity, addressing emerging risks, and leveraging technological tools to improve audit quality and efficiency. Social Implication: The analysis emphasised societal benefits, including increased resilience in financial reporting, enhanced data security, and improved accountability mechanisms, which collectively contribute to the country's economic recovery and stability. Originality/ Value: This study's novelty lies in its focus on the unique integration of digital platforms during active hostilities, which provides a model for adapting audit practices in crisis conditions.

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