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The Audit Of Financial Situations – Particularities Of The Control Of The Levy And Tax Accounts

Author

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  • Elena Ioniță

    (Romanian-American University, Bucharest)

Abstract

The financial situations of an enterprise represent the main source of data and information meant to satisfy the needs of a large variety of users, because they are among the few documents which are made public. Financial situations represent the synthesis of all modifications which take place within the activity developed by the respective company, being the product of accountancy. The accounting specialist deals with the production of accounting information, while the censor and the financial auditor are garanties of the quality of this information. The financial auditor is the natural or legal person who has acquired this quality after a well established and carefully controlled procedure and who develops the activity of financial audit. Audit appeared as a consequence of the conflict of interests between those who prepare the accounting information and its users, who can determine a distortion of the information and reduce the credibility. The audit’s necessity refers to the fact that managers, as well as shareholders, wish an increased credibility of the firm’s financial situations.

Suggested Citation

  • Elena Ioniță, 2013. "The Audit Of Financial Situations – Particularities Of The Control Of The Levy And Tax Accounts," Romanian Economic Business Review, Romanian-American University, vol. 8(2), pages 16-21, June.
    • Handle: RePEc:rau:journl:v:8:y:2013:i:2:p:16-21
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