Template-Type: ReDIF-Article 1.0 Author-Name: Liliana FELEAGA Author-Email:liliana.feleaga@cig.ase.ro Author-Workplace-Name: Bucharest University of Economic Studies Author-Name: Ioana NEAC?U Author-Email:neacsu_ioana2007@yahoo.com Author-Workplace-Name: Bucharest University of Economic Studies Title: Transfer pricing documentation – an efficient measure for combating the base erosion and profit shifting? Abstract: The setting up of groups of companies has become a  large scale phenomenon, dominating the global  economy. These groups have set up subsidiaries in  different countries, leading to the occurrence of issues  regarding the taxation of the results within the group,  and to the development of the transfer pricing concept,  respectively. This concept has been used over the time  by multinational corporations to move their profits in low- tax jurisdictions. For this reason, globally, there have  been concerns regarding the adoption of a legislation  that could combat the base erosion and profit shifting.  This article analyses whether the adoption of a  legislation which provides the transfer pricing  documentation requirement represents an efficient  measure for the blurring of the base erosion and profit  shifting phenomenon. The research was performed at  the level of the member countries of the Organisation for  Economic Co-operation and Development. The article  also aims to clarify certain aspects regarding transfer  pricing and to provide a practical approach of the  associated mechanisms. The novelty, originality and  impact of the article on the accounting profession are  represented by the fact that the transfer pricing concept  is relatively new for the specialists from Romania and  also for the tax authorities. Classification-JEL: M40 Keywords: transfer pricing, arm’s length principle,  affiliation relationships, double taxation of results,  manipulation of results, transfer pricing documentation Pages: 183 Volume: 14 Issue: 134 Year: 2016 Month: January File-URL: http://revista.cafr.ro/temp/Article_9455.pdf File-Format: Application/pdf Handle: RePEc:aud:audfin:v:134:y:2016:i:14:p:183 Template-Type: ReDIF-Article 1.0 Author-Name: Daniela MARDIROS, Author-Email:mardirosdanielajob@gmail.com Author-Workplace-Name: Alexandru Ioan Cuza University of Iasi Author-Name: Roxana DICU Author-Email:rm.dicu@yahoo.com Author-Workplace-Name: Alexandru Ioan Cuza University of Iasi Author-Name: Mihai CARP Author-Email:mihai.carp@feaa.uaic.ro Author-Workplace-Name: Alexandru Ioan Cuza University of Iasi Title: Human capital reporting in Romania: from corporate costs to social responsability and vocational training Abstract: All forms of capitals that are found in an entity or within  an economy owe their existence and their development  to creativity, to innovation and to the work undertaken by  the human capital. “The living resource of the economy”  is the engine that determines the value creation, which is  reflected in turnover, gross domestic product and profit.  If Romania intends to be competitive on the global  market, the human capital should be used and  appreciated. In this regard, education and continuing  vocational training must target the demand on the labor  market, the latter contributing to human capital  development by providing a work environment that  allows covering both the financial needs of employees  and their personal development. The analysis of the  Romanian situation showed that our country is in line  with the European trend through the national programs  developed. The same cannot be said about the  employees’ compensations. Classification-JEL: I25, J21, M48 Keywords: human capital, responsibility, non- discrimination, continuous vocational training Pages: 195 Volume: 14 Issue: 134 Year: 2016 Month: January File-URL: http://revista.cafr.ro/temp/Article_9456.pdf File-Format: Application/pdf Handle: RePEc:aud:audfin:v:134:y:2016:i:14:p:195 Template-Type: ReDIF-Article 1.0 Author-Name: Florin DOBRE Author-Email:flndobre@gmail.com Author-Workplace-Name: Bucharest University of Economic Studies Title: Interdependencies between corporate governance and financial audit: evidence from the Romanian Stock Exchange Abstract: The purpose of this research is to provide evidence about the relationship between the financial audit and corporate governance indicators. The study uses data from entities listed on the Bucharest Stock Exchange in Romania, which have both a one-tier system and a two-tier system management. The study aims to detect the interdependencies between financial audit (measured through the audit fees) and specific corporate governance indicators, such as the CEO/chair duality, the existence of the audit committee, the number of executive members from the board of directors or other characteristics of the board that are part of the corporate governance process. As there is a correlation between audit and corporate governance indicators, the research is conducted using a simultaneous equation model for the listed entities that have an obligation to report their individual financial statements using the IFRS approach. The data is manually collected from both the entity’s individual financial statements and corporate governance statement. The results showed mixt evidence. While there is a negative relationship between the audit fees and the number of executive board members, ambiguous results are found for the other board characteristics. The explanation can be attributed to the fact that there is an important problem regarding data availability on the Romanian market and to a lack of transparency in the reporting process. Classification-JEL: M42, G34 Keywords: audit fees, corporate governance, tier management system, Romania, Board characteristics, IFRS approach Pages: 206 Volume: 14 Issue: 134 Year: 2016 Month: January File-URL: http://revista.cafr.ro/temp/Article_9457.pdf File-Format: Application/pdf Handle: RePEc:aud:audfin:v:134:y:2016:i:14:p:206 Template-Type: ReDIF-Article 1.0 Author-Name: Laura-Diana RADU Author-Email:glaura@uaic.ro Author-Workplace-Name: Alexandru Ioan Cuza University of Iasi Title: The impact of auditing on green information and communication technologies Abstract: The main purpose of this paper is to identify how auditors can contribute to supporting the protection of natural environment, without this being subject to their engagement. The interest in the topic was determined, on the one hand, by the infiltration of the information and communication technologies (ICT) in the auditors’ work and, on the other hand, by the significant increase of the concerns for environmental protection. The intersection of the two areas has led to the concept of green ICT auditing, approached by the present study. Within it, we argued the importance of establishing positive connections between auditing, environment and ICT for the society. We provided a brief presentation of the green ICT concept, as a result of the selection and study of the most relevant opinions from the specific literature. Next, in the most important part of the paper, we presented in detail how auditing can contribute to augmenting the favourable influences of green ICT on the environment, the latter being regarded both as a subject and as an object of auditing. Based on the information collected while performing the study, we concluded that auditors can have a significant role in decreasing the influence of ICT on the environment, but only if their endeavours are supported and sustained by the companies subject to audit engagements. Classification-JEL: M42, Q56, F64, L86 Keywords: auditing, environment, green ICT, ecosystem Pages: 217 Volume: 14 Issue: 134 Year: 2016 Month: January File-URL: http://revista.cafr.ro/temp/Article_9458.pdf File-Format: Application/pdf Handle: RePEc:aud:audfin:v:134:y:2016:i:14:p:217 Template-Type: ReDIF-Article 1.0 Author-Name: Madalina DUMITRU Author-Email:Madalina.Dumitru@cig.ase.ro Author-Workplace-Name: Bucharest University of Economic Studies Author-Name: Raluca-Gina GU?E Author-Email:GGuse@cig.ase.ro Author-Workplace-Name: Bucharest University of Economic Studies Title: ASSURANCE OF INTEGRATED REPORTS: THE STATE OF THE ART Abstract: The focus of this paper is the issue of assurance of different sustainability, social, environmental or governance sections of companies’ annual reports, which fall under the umbrella of integrated reports. The main research questions are: which are the sections assured; to what extent are the accounting and audit professionals involved in the assurance process of integrated reports; and which are the standards used in the assurance missions. We explore the integrated reports issued in 2014 by 98 companies included in the International Integrated Reporting Council’s Pilot Programme. Our main conclusions are that most of the companies obtain assurance only for a part of the information disclosed in the integrated reports, most of the reports are assured by the accountancy companies and the most used standard is ISAE 3000. The article is important for the accounting practitioners as it presents new opportunities for the development of the profession. From the academic point of view, the discrepancy between our results and the results of the studies based on sustainability reports proves that the assurance of the integrated reports is a specific theme, which should be studied separately. Classification-JEL: M14, Q56 Keywords: assurance, accounting professionals, integrated reporting, Pilot Programme, assurance standards Pages: 227 Volume: 14 Issue: 134 Year: 2016 Month: January File-URL: http://revista.cafr.ro/temp/Article_9459.pdf File-Format: Application/pdf Handle: RePEc:aud:audfin:v:134:y:2016:i:14:p:227