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The Impact Of European Integration On Romania'S Audit Sector

Author

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  • Radu-Daniel Loghin

Abstract

It can be argued that maintaining the competitiveness of the audit market is of paramount importance to standard setters since the quality of financial statements prepared by public companies depends on a fair and transparent competition among auditors. Since Romania has joined the European Union in 2007 a lot of effort has been put into the preservation and expansion of a competitive audit market. Some would question whether joining the European Union has impacted in any discernable way the Romanian audit market which is distinguishable from that of its non-European Union counterparts. The current paper is dedicated to exploring these trends by combining an extensive literature review with empirical data gathered during the first nine years of Romania’s European journey.

Suggested Citation

  • Radu-Daniel Loghin, 2017. "The Impact Of European Integration On Romania'S Audit Sector," Management Strategies Journal, Constantin Brancoveanu University, vol. 35(1), pages 91-98.
    • Handle: RePEc:brc:journl:v:35:y:2017:i:1:p:91-98
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    File URL: http://www.strategiimanageriale.ro/papers/170112.pdf
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    References listed on IDEAS

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    5. DeFond, Mark L. & Wong, T. J. & Li, Shuhua, 1999. "The impact of improved auditor independence on audit market concentration in China," Journal of Accounting and Economics, Elsevier, vol. 28(3), pages 269-305, December.
    6. Francis, Jere R., 1984. "The effect of audit firm size on audit prices : A study of the Australian Market," Journal of Accounting and Economics, Elsevier, vol. 6(2), pages 133-151, August.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    auditing; European Union; Romania; market structure;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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