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Analytical Procedures Used In Financial Audit For Thevaluation Of Portfolio Performances €“ Case Of Financial Investment Companies

  • Tatiana Danescu

    (Petru Maior University of Tirgu Mures)

  • Ovidiu Spatacean

    (Petru Maior University of Tirgu Mures)

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    Conducting financial audit engagements for Financial Investment Companies is basedin a significant measure on the conception and performance of analytical procedures that assist theauditor in the process of elaborating general conclusions regarding the performances of themanaged portfolios. In connection with the issue of construction a system of indicators forassessing the portfolio performances, we remark the approach from the perspective of portfoliomanagers, though it is not explored their usefulness as analytical procedures used in a financialaudit engagement conducted in investment companies. The approach to scientific research hasconsidered, mainly, the analysis of financial statements published1 by the five Financial InvestmentCompanies in the period 2006-2008, the comparison of portfolio performances in correlation withthe reported net asset value, as well as the inspection of trading reports issued by the marketoperator Bucharest Stock Exchange and analysis reports issued by the Romanian Association ofFund Managers.

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    Article provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.

    Volume (Year): 1 (2009)
    Issue (Month): 11 ()
    Pages: 2

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    Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:2
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