Abstract—Audit is an independent inspection of the financial statement of the audited person and expresses the opinion of an auditor on the reliability of this statement. The auditor’s activity (auditor’s service) is realized by auditing organizations, individual auditors in connection to conduction of an audit and rendering of audit accompanying services. The profession of auditor means a high level of responsibility for rendered service. Results of decisions made by information users depend on the quality of the auditor’s conclusion. Owners, investors, creditors, and society rely on the opinion of the auditor under the condition that inspection was conducted with good quality. Therefore, the existence of the well- functioning audit quality control system for the administering of the audit is an important issue. An efficient audit quality control system is a substantial challenge that many countries face worldwide, especially those states where these systems are being formed within the respective reform program. The presented article reflects on the best practices of the leading countries, the assumptions and recommendations for the financial accounting, reporting and audit; current reforms in Georgia are made based on this comparative analysis. Keywords—Audit quality control, audit program, financial statement, perspective analysis. I. INTRODUCTION OREIGN scholars imply that the quality of audit is defined by the reliability and sufficient level of trust of auditor’s customers in reference to the auditor's opinions regarding the reliability of the information of the client’s financial statements [13]. Thus, the auditor’s qualified professional opinion is an independent and objective viewpoint that strengthens the consumer confidence in the implementation of their economic activity [7]. The audit quality implies the orientation of the audit firm on satisfaction of market requirements. In our opinion, the advantages should be given to consumers’ evaluation, study of the nature of requirements and the identification of quality indicators, which is of paramount importance for those who use the final result of audit inspection. According to International Audit Standards, audit quality is an audit that meets international standards, national standards or practices used. Based on the international research, we can conclude that L. Sabauri (Professor) is with the Ivane Javakhishvili Tbilisi State University, Georgia (e-mail: sabaurilevan@gmail.com). the quality of audit is determined by the object, its characteristics and information about the satisfaction of customers’ requirements [12]. II. AUDIT QUALITY CONTROL The audit quality object is an audit inspection, which consists of the contacts with the examining entities and other organizations (checking the documents, collecting evidence, etc.) Characteristics are the features of audit as a type of service, which are distinguished by the individuality defined by the intellectual capacity of the service provider. The qualitative characteristics of the audit are evaluated based on such qualitative indicators as auditors’ professionalism, their independence and conscientiousness; the completeness and thoroughness of internal documents prepared by the auditors and internal standards; professionalism in leadership. The requirements as elements of quality audit represent the information contained in the audit report. The information requirement is the interest of the user to receive information on the credibility of the financial statements of the economic entity. Thus, the quality of the audit is the compliance of the inspection processes with the customers’ requirements for information entered in the audit report [1]. The quality assurance system is being developed based on detailed perspective analysis, forecasting the changes in external and internal conditions. The development of this system in an audit firm is related to the problems of assessment of the required characteristics of factors affecting on the audit quality. In the audit organization, the individual auditor is obliged to establish and maintain the internal control rules of work quality. The quality control system must strengthen the belief that the given audit organization and its employees conduct audits and provide appropriate services in accordance with the requirements of the applicable laws. The internal control of the quality consists of three types of control: preliminary, current and further control [4]. The preliminary control of audit quality is an important element of the control system. It is carried out before performing controlling operations. The preliminary control is being carried out in the form of approbation of new standards and methods. This may comprise an analysis of various standards, based on which, the decisions are made for the Ways for the Development of the Audit Quality Control System through the Analysis of Ongoing Problems, Experience and Challenges: Example of the Republic of Georgia Levan Sabauri F World Academy of Science, Engineering and Technology International Journal of Economics and Management Engineering Vol:13, No:6, 2019 827 International Scholarly and Scientific Research & Innovation 13(6) 2019 ISNI:0000000091950263 Open Science Index, Economics and Management Engineering Vol:13, No:6, 2019 waset.org/Publication/10010462