Investigation indicators for preparing an audit report

Author:PhD. Alexandru RUSOVICI, PhD. Gheorghe RUSU

JEL:

DOI:

Keywords:investors, stock exchange, procedures, criteria, requirements

Abstract:
There are several month since the institutions of the financial and capital markets, the listed companies and many other entities prepare financial statements in accordance with the International Financial Reporting Standards (IFRS) and the financial statements audit is conducted in accordance with the International Standards on Auditing (ISA). Investors, managers, accountants, stock exchange operators together with experts, analysts and financial agents have knowledge and prepare the financial statements for the first semester of 2006 in accordance with the new accounting norms and the auditors adapt and test their software to the new requirements of the IFRS accounting, to the new auditing standards and to the new prudential norms of promoting the honesty and correctness in managing the public money. \r\n\r\nThe scope of the audit engagement – as it is well known – is focused on the auditor’s attention and concentration on the material activities, transactions and events, and after that, if it is the case, on those of a less significant importance. This orientation could be seen in the transferring the engagement objectives in the Audit Plan. \r\n\r\nHowever, even the first paragraphs of the auditing standards are meant to direct the audit activity to the precise objectives he/she has to accomplish, objectives which should be found in the Audit Plan.\r\n

---