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Professional reasoning in expressing the auditor's opinion


  • Bunget, Ovidiu-Constantin
  • David Sobolevschi, Iulia-Maria
  • Petcu, Monica


Unlike other information, assertions and conclusions made during the audit process, the auditor's opinion expressed in the report on the accuracy of the financial statements in terms of the company’s image is available to all users. The result of a series of professional judgments based on complex theoretical and practical knowledge developed within the referential framework generated by the accounting and audit standards in order to detect misstatements, typological classifications and their correction, the opinion expressed by the auditor may have significant consequences. An inadequate opinion may alter the image of the entity in relation with all stakeholders, with serious implications on the continuity of the business. To the other extreme, an inadequate opinion may encourage unsustainable actions, with severe consequences both on own activity and on third parties.

Suggested Citation

  • Bunget, Ovidiu-Constantin & David Sobolevschi, Iulia-Maria & Petcu, Monica, 2009. "Professional reasoning in expressing the auditor's opinion," MPRA Paper 18186, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18186

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    professional reasoning; opinion; significance; distorting;

    JEL classification:

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

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