PREFERENCE OF THE LISTED ENTITIES REGARDING THE SELECTION OF THE EXTERNAL AUDITOR

The present research aims to highlight the importance of the external auditing in supporting corporate governance and the preference of the listed entities to be audited by the big audit companies. Given the proposed objectives of the research, our scientific method is based on a deductive approach from general to particular that combines quantitative and qualitative studies. The role of the external audit was analyzed by conducting a study of literature on two levels: a theoretical-conceptual level in terms of economic theories and an empirical-practical level based on literature from which we extracted through a content analysis the defining elements of the audit work quality. Falling within the scope of the study, we evaluated the preference of the listed entities to be audited by the Big Four. To this end we used the content analysis of the publicly posted audit reports for the period 2005-2009. Our research results show that although we are a country with an emerging capital market development, the entities in the I-st category on the Bucharest Stock Exchange tend to an audit conducted by one of the big audit companies. Another result arising from our study is that the entities of the I-st category on the Bucharest Stock Exchange become more transparent from a year to another. Whether for the year 2005 we find only 12 audit reports publicly posted, in 2007 we can find 21 audit reports publicly posted. The trend of the large entities audited shows that the preference of the entities to be audited by one of the Big Four is higher from a year to another. The preparation of the financial statements and their audit must be done according to regulations for the currently period. The presumption found in the literature according to which the large entities are audited by the big audit companies which provide higher audit quality is confirmed in the case of our national country as well.external audit, audit report, opinion, listed companies, Big Four

Using the Laser Scanning Technology in the Evaluation of a Building Located on Ion Neculce Street from Cluj-Napoca

Laser scanning describes a method by which a surface is sampled or scanned using laser technology. The science of valuation has become more and more sophisticated as the development of society in general and of the economy in particular, in order to meet, eventually, complex information needs. The main idea of this project is to carry out scanning works in the framework of the evaluation report of a property. For this project, The Leica Scanstation C10 laser scanner was used and the following methods were applied for the scan operation: Backward Intersection Method, Deletion Method. For the valuation we used Market approach and Cost approach. The use of the laser scanner led to the expected results, namely the retrieval of an enormous volume of information collected from the field, of extremely high accuracy which subsequently helped to model a large number of details necessary to improve the evaluation process

Rigidity Influence of Suspended Cable on Free Vibration Modes

The problem of vibration control of overhead line conductors subjected to laminar transverse wind, inducing stationary vibrations by Karmán effect is of high importance due to consequences upon these structures lifetime and service. We consider the cable model as Euler-Bernoulli beam that include the influence of cable rigidity and that respect the author condition which detaches the suspended cable model of the beam model with viscous, hysteretic or dry friction internal damping hypothesis. The original analytical expression of the free vibration modes and the resonance frequencies equation for the cable with clamped extremities has produced. Some experimental aspects are underlined in the paper