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This article explores the evolving risks and challenges in the auditing profession due to global economic interdependence.

December 20, 2025Municipal economy of citiesOpen Access

New Risks for Auditing in the Conditions of Economic Interdependence of Countries in the 21st Century

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The article reveals new audit risks in financial reporting amid economic interdependence and geopolitical instability.

This article explores the evolving risks and challenges in the auditing profession due to global economic interdependence.
Analysis of new categories of audit risk during wartime
Review of the International Code of Ethics for Professional Accountants
Case studies from Ukrainian state enterprises and Big Four firms
Military conflicts and sanctions complicate the reliability of financial reporting
New audit risks include loss of documentation and heightened fraud risks
The profession must adapt using alternative procedures and enhanced analytical methods

A 2025 study studied this question.

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