The Analysis of the Audit Report and Possibilities of Its Improvement

Author:Ioana Iuliana POP (GRIGORESCU), Ph. D. Student

JEL:M 42

DOI:

Keywords:statutory audit, audit report, reasonable assistance, modified opinion, the role of the auditor

Abstract:
The present article analyses the audit report as a final result of the external auditor’s work, so as to contribute to a better financial stability in the actual context of the economic crises.\r\nFrom this perspective, in the first part the article realises a synthesis of the opinions connected to the role that the audit report plays in the communication between the actors of the economic life.\r\nFurthermore, the author presents the lacks of the actual reporting system, as they are seen by the users of the audited accounting information, trying to explain that the difficulties which come across understanding the social efficacy of the audit are because of the lack of understanding of their objectives or limitations.\r\nIn the last part of the article the author is trying to identify some possibilities of improving the audit report, as an answer to the problems generated in the domain of financial audit by the actual economic crises. The strength of the audit is essential to re-establish the trust in market.\r\n\r\n

---