Considerations Regarding the Audit of Small Enterprises
Author:
Univ. prof., PhD. Marioara AVRAM, Univ. prof., PhD. Veronel AVRAM
JEL:
DOI:
Keywords:
small enterprises, audit, international standards
Abstract:
The audit of small enterprises means respectind the International Audit Standards elaborated by the International Federation of Accountants (IFAC) by the mean of the Council for the International Audit and Assurance Standards, standards that are appliable to any type pf entity, indifferent of its juridical state, size, property type, structure of leadership and nature of the activity.\r\nHowever, the international professional organism IFAC admits that the auditory of small and middle enterprises means the existence of some special aspects and characteristics that must be solved by financial audit durring the audit process.\r\nThe audit of small enterprises signifies taking the same steps like in the case of large enterprises, and the auditor will take into consideration during his mission the norms and recommendations published by IFAC, but also the national regulations in the domain of audit elaborated by the professional national structure, that are based on the International Audit Standards.