Romanian accounting harmonization process to the European Directives and to the International Accounting Standards

Author:university professor, PhD. Maria MANOLESCU

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Keywords:Program for Private Sector Adjusting, acquis communitaire, framework, accounting regulations

Abstract:
The accounting system reform was initiated in 1990 and considered the assimilation of the accounting principle and regulation stated in the European Directives and in the International Accounting Standards, as well as the establishment of the priority objectives on short, medium and long term, in order to implement a system of financial statement preparation and presentation which offer the users relevant and reliable financial – accounting information.\r\n\r\nWe consider that the efforts made until now as far as concerns the compatibility of the accounting regulations with the European and international regulations are and should be supported with a higher exigency by the two organizations of the accounting professionals, the expert and licensed accountants, on the one hand and the financial auditors on the other hand as factors directly involved in the process of producing quality financial – accounting information.\r\n

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