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Auditor Liability In Period Of Financial Crisis


  • Nicolae Todea

    (1 Decembrie 1918 University of Alba Iulia)

  • Ionela Cornelia Stanciu

    (1 Decembrie 1918 University of Alba Iulia)


This paper deals with issues of how to take on the responsibility of the auditor, especiallyin this time of crisis that hits the whole society. Significant role of financial auditor and the lies that theauditor is unable to give reasonable assurance that financial statement are not tainted by fraud andmaterial errors. This results from International Standards on Auditing, which indicated that manyusers rely on financial statements as their primary source of information because they are unable toobtain additional information to meet specific information needs.

Suggested Citation

  • Nicolae Todea & Ionela Cornelia Stanciu, 2009. "Auditor Liability In Period Of Financial Crisis," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-21.
  • Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:21

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    Cited by:

    1. Mortură Laura-Alexandra, 2016. "The Influence of Available Cash Evaluation in the Issuing of Financial Auditor’s Opinion," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 570-576, February.
    2. Alina-Teodora CIUHUREANU, 2016. "Internal control and auditing – a necessity for responsible reporting and managerial usefulness of accounting information," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(144), pages 1349-1349.

    More about this item


    economic crisis; responsibility; economy; financial statements; error; fraud;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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