Statutory Audit of Informatized Environments – between Responsibility and Risk

Author:Professor Gheorghe POPESCU, Ph. D., Associate Professor Gheorghe LEPĂDATU, Ph. D., Lecturer Veronica Adriana POPESCU, Ph. D., Assistant Cristina Raluca POPESCU, Ph. D.

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Keywords:statutory audit, informatized environments, responsibility, audit risk, misrepresentation risk

Abstract:
New requirements and responsibilities were issued for the statutory auditors contributing to the growth to the audit activity risk. Along with the integration on a large scale of the informational technologies, at the level of the economic activities developed by the organizations, an analysis is necessary to be made over their impact on the statutory audit engagements, in order to asses the risks and for reaching some keys for adaptation to the new conditions of the activities carried out by the statutory auditors. \r\nThe present article aims the reconsideration of the audit risk in the light of the requirements of new audit standards, “clarified standards”, and of the integration on a large scale of the informational technologies to the level of the economical activities developed by organizations. Based on the study of the international audit standards, on the specialized literature, on the theoretical and practical researches, this article provides the financial auditors with a few practical benchmarks in order to minimize the risks and accomplish the audit objectives within the complex informational environments. \r\n

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