The Role Of Audit In Improving The Quality Of Information Presented In The Financial Statements
AbstractThe general objective of financial statements is to provide information about the financial position, performance and cash flows of an enterprise that is useful for a wide range of users in making economic of business decisions. The financial statements also present the results of resources management by the company’s management. For this reason, financial statements prepared and published by organizations are of interest for a wide range of users: investors, managers, employees, customers, creditors, bankers, government and its institutions, citizens. Experience has shown explicitly that there is a conflict of interest between those who collect, process and agregate accounting information and the information users. Often, users show a lack of confidence in accounting information, because the users who produce this information usually are not independent from the operations and the situations presented. Possible major economic consequences that may result have determined as necessary interposing financial auditors with the main objective of increasing credibility of the financial statements published by companies.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Romanian-American University in its journal Romanian Economic and Business Review.
Volume (Year): 6 (2011)
Issue (Month): 3 (September)
financial statements; true and fair view ; creative accounting; reasonable assurance; random sampling and statistical techniques; computerassisted techniques.;
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alex Tabusca).
If references are entirely missing, you can add them using this form.