Ethics in Audit in the Context of Financial Crisis

Author:Professor Dumitru MATIŞ, Ph. D., Lecturer Cristina Alexandrina ŞTEFĂNESCU, Ph. D., Ovidiu CERNEA, Ph. D. Student

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Keywords:financial audit, ethics, independence, quality

Abstract:
The present article highlights the special importance that should be given to ethical principles in financial audit and the increasing interest of promoting them in our country as a consequence of numerous international financial scandals and the worldwide crisis that we still live.\r\nThrough an original empirical study conducted in Romania in comparison with the United States of America for the period 2005-2009, authors highlighted the increasing concern of professional accountants and auditors from our country regarding the importance of ethics in audit work.\r\nThe article demonstrates that, the number of papers dealing with issues related to auditor independence and quality of work undertaken by them, published in the most representative Romanian audit journal ("Financial Audit") was increasingly large, while worldwide financial crisis period begun.\r\nThe situation turned out to be different at international level, where interest for ethics in audit remained the same, as papers on this subject published in "International Journal of Auditing" reveal.\r\n\r\n

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