Internationalization – a predictable stage in the audit evolution

Author:Adriana POLIVANEZ

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Keywords:multinational companies, audit, audit internationalization, international companies, international capital markets, international audit offer, audit firms

Abstract:
The international commerce expansion, the international financial relations development, considerable progresses in the information technology and the tendency for globalization manifested in the production and services areas, expanding this way the area of the specialized accounting, financial, audit and control services from national to international.\r\nAfter the first oil shock in 1973, the national economies experienced profound changes from the financial point of view. The changes were experienced at three level: disintermediation (which means a direct contact between fund owners and the applicants for their obtaining and the renounce to the banking intermediary services), deregulation (limitation of the restrictive regulations or their canceling) and internationalization. These changes occurred in the globalization context, concept which means the progressive homogeneity in all areas: economic, social, political, legal, cultural etc. The specialists considers the development of an international legal system, of some common monetary policies and of similar market strategies, and at the same time, appears the need of an international audit and accounting system.\r\nThe starting point in this endeavor is to ensure quality, transparent and with a higher reliability financial statements that allow every user of the information contained to make correct economic decisions.

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