THE PRICING OF AUDIT SERVICES: EVIDENCE FROM ROMANIA

The main objective of this study is to investigate factors influencing theamount of external audit fees in Romania. Of particular interest is the examination ofthe potential effect of the client size, client complexity, and the size of the audit firmon external audit fees. An audit fee model is used to examine the effect of audit clientsize, client complexity, and the size of the audit firm on the amount of audit fees for asample of audit engagements performed in the tow of Romanian major counties. Thestudy’s results indicate that the amount of external audit fees is significantlyinfluenced by the audit client size, by the amount of turnover, by the number ofemployees. This study is original since it is the first to empirically investigate factorsinfluencing the pricing of audit services in on Romanian audit fee market.Romania, Auditor’s fees, External auditing, Auditors, Modelling

THE FUTURE PERSPECTIVES OF THE INTERNAL AUDIT FUNCTION

The aim of the paper is to provide an overview over the challenges and opportunities thatinternal auditors are going to face with, in the context of current economic and financial worldwide crisis.Using fundamental type of research, but also combining inductive with deductive type of research, we haveidentified several key trends that will certainly influence next perspectives of internal audit function in thecoming period. Our findings show us that next future will give some important challenges for the internalauditors, consisting in developing skills in assessment the effectiveness of risk management which will helpto increase the added value provided by the internal audit, and most importantly, will increase internalaudit’s accountability. Even more the international professional bodies that coordinate internal auditactivity will have to make all necessary efforts for the development of practical guidelines for assessing theeffectiveness of risk management so internal auditors to be equipped with the necessary skills to face with thehigher and higher expectations that will characterize the future perspectives of the internal auditing.internal audit function, risk management, internal auditor, added value, internal audit standards

HARMONISIERUNG DER INTERNATIONALEN RECHNUNGSLEGUNGSYSTEMS

In the course of globalization, it has become necessary that Europe-based, globally active company debt and equity increasingly on international capital markets. Thus the efficiency in the procurement of capital can be secured, is a unifying of accounting standards make sense. The European Commission will support the standardization of accounting in the European market ahead. In the USA., the accounting is releasing under US-GAAP regulation, an internationally recognized framework

HARMONISIERUNG DER INTERNATIONALEN RECHNUNGSLEGUNGSYSTEMS

In the course of globalization, it has become necessary that Europe-based, globally active company debt and equity increasingly on international capital markets. Thus the efficiency in the procurement of capital can be secured, is a unifying of accountingharmonization, convergent, accounting system, guidelines

Statistical Instruments Used In The Audit Process

This study is about the importance of statistical instruments in the audit process. No theory has any value without a practical finality. If we are not using adequate tools and technologies to highlight the importance of the audits from a practical standpoint, we wouldn’t be able to improve on the audit systems. As in any emerging field we need a lot of feedback. The process starts by developing a theory, applying the theory in the field, analyzing the results, make needed changes and corrections, and then, if necessary, revise the theory. Thru this kind of process the statistical audit instruments (tools) are at the foundation of theories, analysis, continuing a cycle meant to bring improvements in this field. Considering that we can not analyze the whole audit process, the most utilized technique is poll-ing. In order for the results to be correct we need to ensure that we have a fair representation both as subject and as scale. We also have to keep in mind the human error margin. All the results are being analyzed by an auditor, who needs to be objective and very careful in handling the data. It is the audi-tor’s ultimate responsibility to ensure that the final conclusions drawn at the end of the audit process are correct and provide useful information to the customers."audit, statistical instruments

Assets. Biological Assets. The Seasonal Model in Agriculture

In order to support the agricultural exploitation we tried in this paper to develop a model that involves a seasonal component at entity’s level. Consequently, we made a study to an exploitation acting in the vegetal field by collecting accounting informations from the data base entity and by informations that were processed using different statistical functions. So, through the proposed model we try to make certain previsions taking into account the economic situation in which the agricultural exploitation works

Assets. Biological Assets. The Seasonal Model in Agriculture

In order to support the agricultural exploitation we tried in this paper to develop a model that involves a seasonal component at entity’s level. Consequently, we made a study to an exploitation acting in the vegetal field by collecting accounting informations from the data base entity and by informations that were processed using different statistical functions. So, through the proposed model we try to make certain previsions taking into account the economic situation in which the agricultural exploitation works.asset; biological asset; agricultural exploitation; seasonality.

Territorial Distribution of EU Funds Allocation for Developments of Rural Romania during 2014–2020

This study uses cross-section regressions and spatial econometrics techniques to identify determinants of rural development project implementation based on the Common Agriculture Policy (CAP) of the European Union. For this, we use 40 Romanian counties. Results show that agricultural land abundancy and land concentration degree are significant positive factors. On the contrary, the local human development level is a negative determinant, low values for this factor being an incentive to compensate the lack of own resources through European funding. No significant effects of the average salary or population density were depicted. Spatial analysis indicates contagion and diffusion processes for fund accession through projects. This behavior is like that in other financial sectors, in which human behavior is a decisive factor, such as the insurance one. A West–East clusterization process is identified for the total project value, conditioned by the identified factors