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Audit et comptabilité pour les entreprises roumaines d'état-réserves et observations

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  • Costel Istrate

    (UAIC - Alexandru Ioan Cuza University of Iași = Universitatea Alexandru Ioan Cuza din Iași)

Abstract

Starting with 2016, the Romanian authorities stated that 17 state owned companies have to apply IFRS. The objective of this paper is to analyse these companies in light of how auditors confirm compliance with the accounting standard and to highlight the main justification of modified audit opinions as well as of emphasis of matters paragraphs – the period analysed is 2010-2016. The main findings are: the weight of Big 4 auditors is quite limited, but in line with others Romanian companies; the modified opinion are in majority (more than 70%). The main justifications of the modified opinions are the non-observance of the accounting rules on provisions, followed by the approximate application of the assets/liabilities recognition criteria, as well as other possible consequences of the prudence principle. Emphasis of matters paragraphs is also present in more than 50% of the audit reports analysed, and the main explanation are related to going concern matters and to a specific matter – the dependence of these companies to public authorities decisions

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  • Costel Istrate, 2018. "Audit et comptabilité pour les entreprises roumaines d'état-réserves et observations," Post-Print hal-01907906, HAL.
    • Handle: RePEc:hal:journl:hal-01907906
    Note: View the original document on HAL open archive server: https://hal.science/hal-01907906
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    References listed on IDEAS

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    1. Alvaro Cuervo-Cazurra & Andrew Inkpen & Aldo Musacchio & Kannan Ramaswamy, 2014. "Governments as owners: State-owned multinational companies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 45(8), pages 919-942, October.
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    Keywords

    state owned companies; audit reports; modified opinions; emphasis of matter paragraph; firmes d’état; rapport d’audit; opinions modifiées; paragraphe d’observations;
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