IDEAS home Printed from https://ideas.repec.org/a/brc/brccej/v4y2019i4p46-51.html
   My bibliography  Save this article

The Examination Of The Going Concern In A Mission Of Auditing The Annual Financial Statements

Author

Listed:
  • Laura-Alexandra MORTURA

    (”1st of December 1918” University of Alba Iulia, Romania)

Abstract

An important tool made available to the parties involved in a market economy in the era of globalization by economic practice, to provide end-users with assurance on the truthfulness and reliability of the information provided by the financial statements, is statutory audit. In addition, in order to increase the confidence of users in this information, the auditors should determine whether the audited entity complies with the principle of going concern, in which sense they must determine the bankruptcy status of the audited entity, respectively to determine the solvency level of it. In order to make this assessment, economic practice provides the necessary tools through the economic and financial analysis, using the scores method and applying the Altman model.

Suggested Citation

  • Laura-Alexandra MORTURA, 2019. "The Examination Of The Going Concern In A Mission Of Auditing The Annual Financial Statements," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(4), pages 46-51.
    • Handle: RePEc:brc:brccej:v:4:y:2019:i:4:p:46-51
    as

    Download full text from publisher

    File URL: http://www.revec.ro/papers/190406.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    audit; statutory audit; audit mission; going concern; Altman Model;
    All these keywords.

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:brccej:v:4:y:2019:i:4:p:46-51. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cristina GANESCU (email available below). General contact details of provider: http://www.univcb.ro/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.