ISA 2005, permanently to date

Author:PhD. Alexandru RUSOVICI, PhD. Gheorghe RUSU

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Keywords:International Standards on Auditing, Assurance and Ethics, IFAC system, IFAC referential, financial audit, corporate governance

Abstract:
Long time ago, at the beginning of this year, looking on Internet searching some professional information, besides other news of interest for us, I found a news which captured our attention, namely, „IFAC issues the 2005 Handbook on International Standard son Auditing, Assurance and Code of Ethics”, a title followed by some information on the format, volume and publication both in electronic form and as bound volume.\r\n\r\nBy the end of April, the „Accountancy” Magazine, the prestigious „the leading magazine for the accountancy world”, as they call themselves, dedicates the whole page 57 to the information on 2005 edition of the „ Handbook of International Auditing, Assurance and Ethics Pronouncements”. In the „Introduction” to the short presentation of this paper, among other thing there are some remarks about the following: „In 2003 the European Union approached the new regulation on the statutory audit of all the companies all over the Europe (which apply IFRS) with effect of 1 January 2005. Every company with the headquarters in Europe, including those subsidiaries of the bog companies from abroad (listed or not) should be audited in accordance with the standards issued by IAASB.\r\n

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