3 research outputs found
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 internalauditâs 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
STUDY REGARDING THE QUALITY OF THE TRUE AND FAIR VIEW SUPPLIED BY THE FINANCIAL STATEMENTS FROM FINANCIAL AUDITOR'S POINT OF VIEW
The concept of "true and fair view" is a very subjective one , which didn't find yet the definition general accepted and in this way we can't say that there are relevant instruments for measuring the level of the fidelity reflected in the financial statements. The financial audit plays an important role for delimitating the true and fair view supplied by the financial statements and despite the fact that the financial auditors are consciences that there isn't a mathematical formula or other kind of formula through which could be possible to measure the level of the fidelity and the true and fair view of the financial statement, they consider that they have the possibility to identify the situations in which the financial statements didn't present the reality true and fair, using the professional though to determine the level of the financial statements to give a true and fair view We have made an empirical survey which permits us to analyze the quality of the true and fair view supplied by the financial statements from the point of view of the financial auditor, without having the pretentious of using all the significant aspects.true and fair view, financial audit, survey, financial auditor, financial statements
STUDY REGARDING THE QUALITY OF THE TRUE AND FAIR VIEW SUPPLIED BY THE FINANCIAL STATEMENTS FROM FINANCIAL AUDITORâS POINT OF VIEW
The concept of âtrue and fair viewâ is a very subjective one , which didnât find yet the definition general accepted and in this way we canât say that there are relevant instruments for measuring the level of the fidelity reflected in the financial statements. The financial audit plays an important role for delimitating the true and fair view supplied by the financial statements and despite the fact that the financial auditors are consciences that there isnât a mathematical formula or other kind of formula through which could be possible to measure the level of the fidelity and the true and fair view of the financial statement, they consider that they have the possibility to identify the situations in which the financial statements didnât present the reality true and fair, using the professional though to determine the level of the financial statements to give a true and fair view We have made an empirical survey which permits us to analyze the quality of the true and fair view supplied by the financial statements from the point of view of the financial auditor, without having the pretentious of using all the significant aspects