Comparative analysis of the development of audit markets in Russia and China

As an important part of the market economic system, audit not only directly relates to optimization resource allocation function entire but also determines actual status and development space industry in social development. This article uses historical data on markets Russia China for period 2006–2020 conducts a comparative analysis influencing factors such as changes laws regulations field, technology, international convergence auditing standards, independence principles, auditor ethics, current state activities reveal differentiated China. The shows that continuous improvement these have played positive role socioeconomic China, suffers many challenges slow digital transformation, small share local organizations, decreasing non-audit revenue year by year. To promote healthy Chinese market, this proposes organizations individual auditors must strictly adhere bottom line professional vigorously improve quality services, enhance brand building, strengthen professionalism team, competitiveness firms.