Journal of Accounting and Management Information Systems (JAMIS)

Possibilities of perfecting of the exercise in the mission of financial audit

Supp/2006 ,   p573..577

Cristian DRAGAN

Keywords:   information, audit, responsibility, opinion

The auditing of the annual financial statements by an external independent professional constitutes a complex and systematic process with significant implications on the quality of the information offered through them, contributing on the increase of their credibility.
The realization of a mission of financial audit in our country is realized with the respect of the International Standards of Audit, which confers the general frame adequate to such a step. The practical activity proved however that the actual realization of the mission involves detail elements which, at the extent at which they are considered, can contribute to the increase of the quality of the audit in its entirety.
Having as premise the ones exposed, within the present work we debate aspects like the assumption of some increased responsibilities and exigencies in exerting the mission, the reduction of the risk regarding the incorrect information as well as the influence exerted by the particularities of the sector of activity of the entity audited that in our opinion have to be considered by the auditors during the entire duration of the mission assumed.