Sufficiency and Appropriateness in Application of ISA 210 Requirements

Author:Univ. Prof. Laurențiu DOBROȚEANU, Ph. D.; Urania MOLDOVANU; Univ. Reader Camelia Liliana DOBROȚEANU, Ph. D.

JEL:M420, M480

DOI:

Keywords:ISA 210, sufficiency, appropriateness, oversight, inspection procedures, audit,CSIPPC, CAFR

Abstract:
During the last decade, the public oversight authorities of audit profession all over the world have continued to gain an increasing role in securing a high quality of audit services through undertaking the effective performance of quality reviews from the professional organizations. On these grounds, the present study was conducted by making use of applied research methods with a view to explain the forthcoming approach of the Romanian public oversight authority towards the quality reviews in relation with the requirements of ISA 210. The key outcome of our research suggests that along with the transfer of the accountability and performance of inspections, a significant change of approach should be expected in the forthcoming future: the oversight authority is decided to focus its quality reviews on both sufficiency and appropriateness of audit documentation prepared by auditors providing services to public interest entities. \r\n

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