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Audit evidence – top argument for final audit opinion

Author

Listed:
  • Ana MORARIU
  • Tanti CERCEL
  • Gabriela Felicia CIOCODEI
  • Flavia STOIAN
  • Horatiu ROTARU

    (Academy of Economic Studies Bucharest)

Abstract

The following research aims to emphasize the importance of audit evidences, their quality characteristics and the professional judgment used to measure and to evaluate them in order to express their final audit opinion. There is no mathematical formula, neither a specific model in order to evaluate the quality of audit evidences. Their quality depends upon the professional judgment concerning the audit technical standards, the accounting references and nevertheless upon the auditor’s ethics. This is one of the reasons for which the financial audit is one of the edges of economical research, highlighting the credibility of financial statements.

Suggested Citation

  • Ana MORARIU & Tanti CERCEL & Gabriela Felicia CIOCODEI & Flavia STOIAN & Horatiu ROTARU, 2008. "Audit evidence – top argument for final audit opinion," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(36), pages 501-507, may.
  • Handle: RePEc:aio:aucsse:v:2:y:2008:i:11:p:501-507
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    File URL: http://feaa.ucv.ro/AUCSSE/0036v2-005.pdf
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    Citations

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    Cited by:

    1. Mohamed Zakari & Karim Menacere, 2012. "The challenges of the quality of audit evidence in Libya," African Journal of Accounting, Auditing and Finance, Inderscience Enterprises Ltd, vol. 1(1), pages 3-24.

    More about this item

    Keywords

    audit evidence; documentation; quality characteristics; audit procedures; professional judgment.;

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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