IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

The Entrepreneur`s Role in the Performance Growth of the Financial Audit Activity in Romania

Listed author(s):
  • Cristina Raluca Popescu

    ()

    (Bucharest University of Economic Studie)

  • Veronica Adriana Popescu

    (Bucharest University of Economic Studie)

  • Gheorghe N. Popescu

    (Bucharest University of Economic Studie)

Registered author(s):

    For the study of entrepreneurship, a cornerstone of modern competitive economy, perhaps there is no liberal profession better suited to be analysed than the financial audit. The financial auditor is meant to be an entrepreneur, to take his destiny into his own hands, because, in order to be independent, a demand induced by the ethical code provides that he cannot work as an employee of his services’ users. This paper proposes a research for identifying and presenting the entrepreneur’s role in the performance growth in the financial audit. The main objective of the conducted research is to present an overview of the entrepreneurship environment, to identify opportunities and challenges faced by the entrepreneur involved in the financial auditing of the level of development reached by the auditing market in Romania, by analysing representative statistical indicators in the market development and financial management of the audit activity. The proposed research methodology focuses on the collection, processing and analysis of statistical data on entrepreneurship of financial audit activity, based on official data published by the Chamber of Financial Auditors of Romania (CAFR), and on the identification of the main factors leading to the development of supply and demand of financial auditing and of the shortcomings the financial audit contractor involved in his own surveys is facing. Being a fairly new regulated profession, I had the privilege to analyse the developments in the entrepreneurship activity of the financial audit market for the entire period of existence: 1999-2013, showing the dynamic structure of supply and demand of financial auditing, the development and characteristics of the business environment during the period under review, the specificity of the financial audit entrepreneurship and I could outline a sketch of the entrepreneur involved in the financial audit activity. The research results show that the number of financial auditors, individuals and legal entities, had experienced a continuous growth, reflecting on one hand the attraction for the new profession and, on the other hand the role of modelling highlighted of the new professions, especially, the effects of organizational or regulatory measures such as the introduction of the three years stage in 2002, or the ability to harness the social and economic entrepreneurial opportunities induced by the economic and financial crisis, which imposed the necessity of audit entities to be subject to restructuring, or else becoming insolvent. The major role of entrepreneurship in developing the financial audit activity in Romania is revealed by empowering entrepreneurs, auditors, able to contribute to the growth and diversification of demand, audits reaching from 197 in 2001 to 6,588 in 2013. The research analyses in the end the dynamics of performance in audit work by defining specific performance indicators which show, synthetically, the entrepreneur`s role in the improvement of the financial audit activity, and the growth of its performance.

    If 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.

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_2382.pdf
    Download Restriction: no

    Article provided by Academy of Economic Studies - Bucharest, Romania in its journal The AMFITEATRU ECONOMIC journal.

    Volume (Year): 17 (2015)
    Issue (Month): 38 (February)
    Pages: 228-228

    as
    in new window

    Handle: RePEc:aes:amfeco:v:38:y:2015:i:17:p:228
    Contact details of provider: Postal:
    6 ROMANA PLACE, 70167 - BUCHAREST

    Phone: 0040-01-2112650
    Fax: 0040-01-3129549
    Web page: http://amfiteatrueconomic.ase.ro/
    Email:


    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as
    in new window


    1. Ioana Cecilia Popescu & Ionel Dumitru & Calin Veghes & Camelia Kailani, 2013. "Marketing communication as a vector of the Romanian small businesses sustainable development," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(Special 7), pages 671-686, November.
    2. Vasile Dinu, 2010. "Commercial Activity And The Sustainable Development," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(27), pages 5-7, February.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:38:y:2015:i:17:p:228. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valentin Dumitru)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.