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THE SCOPE AND INFLUENCE ON THE QUALITY OF STATUTORY AUDIT OF ACCOUNTING INFORMATION IN ROMANIA
Abstract
The audit objective has evolved to detect fraud and error, a process which involved a thorough check of all economic transactions and the filing of accounts, to express an opinion on the true and fair view of the assets, liabilities, financial position and results achieved by the company. It aims, in this respect, as the information recorded in the accounts reflect economic events that occurred in a certain time and efforts are intensified auditor to identify possible manipulations of information provided by the financial system to prevent cases of creative accounting. Moving in this direction or whether we want to be objective, we come inevitably to creative accounting ability. For many it may seem paradoxical, but it happens! ... And still frequently! ... We can say that the way financial communication policy is constructed of an organization with its universe is more than predictable. Thus, the formation of results, the presentation of their public may aim to influence the perception and behavior of stakeholders. Building on the achievements of financial engineering aims to use flexible reporting and accounting referentials to publish information in the best possible forms for the purposes of optimistic if not adventurous / utopian, from the perspective of the entity's management. Generalizing, we could consider full audit as a means to support a communication performance - while a part is particularly concerned receptors outside the organization; the other part of the audit is rather "staring" on the internal management and the managers. Finally, for better clarification of the financial position of agents in the communication of an organization, we adhere to the ideas that the gap must be reduced further in terms of expectations between what the public believes, in general, users of financial statements that would have the role of audit profession and what it actually means.
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