Modern provisions concerning disclosure of information in financial statements, especially in extraordinary circumstances, dictate increased requirements for the quality of audit at the present stage. IAASB has developed draft changes to quality management standards for both the audit firm and the audit of financial statements. This article analyzes the provisions of changes in quality management standards in terms of management's responsibility for conducting audits, ethical requirements, including those related to independence, acceptance and continuation of relationships with clients, acceptance and performance of certain tasks, appointment of audit teams and documentation.