The audit risk associated to the depreciation adjustments of the tangible assets during the financial instability period

The research object of this article is the connection between the presentations of the tangible fixed assets at the fair value, according to the international standards for the presentation of the financial statements, especially during the crises periods, and the audit risks taken by the financial auditors and by the users of the audited financial statements. The results of the research are a few suggestions related to the change of the assessment method for audit risks, as well as the elaboration of certain reduction measures of these audit risks.tangible fixed assets, fair value, audit risk, measuring the audit risk

Considerations regarding the influence of the base leading rate over actualization rate of investment projects financed by EU funds

The investment process is a complex economic process that implies risks. Allotting capital resources in an investment project without using an adequate discount rate of the cash flows, which will take into account the evolution of the base leading rate of NBR (National Bank of Romania), can lead to the total or partial loss of the invested capital by the European Union, by Romania’s government and by the applicants. There is a permanent concern from the experts to find an adequate indicator to calculate the discount rate of the cash flows, which will be able to provide an accurate image of the efficiency of an investment project and that will allow to make the right decision regarding the existent financing or capital investment alternatives.base lending rate, investment projects, capital resources

DECISIONS REGARDING INVESTMENTS IN RENEWABLE ENERGY

The article approaches issues regarding the decisions to invest in projects concerningthe area of renewable energy resources. The decisions have been taken on the basis of the cost-benefit analysis. The central issue, that arises inhere, concerns the foundation of the investmentdecision in terms of an EU funded project through structural funds, if the financial analysisindicators are sufficiently relevant for the decision, or when it should or should not resort toindicators of economic analysis for this, even for private investors, as if these projects should not befinanced solely by public beneficiaries as infrastructure projects and not in the context of economiccompetitiveness, respectively.renewable energy, cost-benefit analysis, IRR, NPV, investment decision

THE PUBLIC INTERNAL AUDIT COMMITTEE IN THE SOCIAL HEALTH INSURANCE SECTOR- A NECESSITY IN ROMANIA

Health care reform and health system financing required to meet population needsand current financial constraints proved to be a major challenge worldwide. In these conditions therole of Public Internal Audit Committee in the public system is extremely important. It is known thatthe requirement to provide proposals to the Board, to the overall management and grant supportrequired for their implementation has led to these structures.audit committee, internal audit, corporate governance, risk management, healthcare

CONSIDERATIONS ON AUDIT OF GROUP FINANCIAL STATEMENTS

The objective of this paper is to present a comparative analysis of the consolidatedfinancial statements according to the International Financial Reporting Standards or the EuropeanDirectives and see how such accounting alternative affect the explanatory notes to the consolidatedfinancial statements, especially regarding to the revaluation basis of the assets. The study seeks todetermine if the accounting diversity influences the work of the financial auditor. The resultsindicate that the two frameworks in elaborating the consolidated financial statements have asignificant ascendancy on the audit of the group financial statements.Consolidated Financial Statements, The 7th European Directive, Financial Audit

CONSIDERATIONS REGARDING THE INFLUENCE OF THE BASE LEADING RATE OVER INVESTMENT PROJECTS FINANCED BY EU FUNDS

The investment process is a complex economic process that implies risks. Allottingcapital resources in an investment project without using an adequate discount rate of the cashflows, which will take into account the evolution of the base leading rate of NBR (National Bank ofRomania), can lead to the total or partial loss of the invested capital by the European Union, byRomania’s government and by the applicants. There is a permanent concern from the experts tofind an adequate indicator to calculate the discount rate of the cash flows, which will be able toprovide an accurate image of the efficiency of an investment project and that will allow to make theright decision regarding the existent financing or capital investment alternatives.discount rate, base leading rate, internal rate of return (IRR), net present value (NPV)

Harmonic Contrast-Enhanced Ultrasound (CEUS) of Kidney Tumors

Nowadays, kidney tumor diagnosis benefits from large and highly accurate imagistic methods. A new imagistic method is contrast-enhanced ultrasound (CEUS) that accurately depicts the circulatory pattern of tumors. In kidney pathology, any mass or even capsular deformation depicted by B mode ultrasound represents an indication for CEUS. The kidney is completely and uniformly vascularized. In cystic tumors, there is a lack of contrast loading. In “impure” cystic masses (Bosnian 3 and 4), CEUS reveals vascularized septa and walls. In malignant tumors, accelerated and heterogeneous loading of contrast agent is observed in arterial phase followed by early, inhomogeneous washout of the contrast agent compared to normal renal parenchyma. In the abscesses, the appearance is the early loading of the walls associated with moderate hyperemia of the normal circulatory bed. This chapter details the CEUS in kidney tumor pathology, emphasizing the accurate information for the circulatory pattern of renal masses. It requires correlations with clinical data and information provided by other imaging explorations to make a final diagnosis

Noninvasive Evaluation of Microcirculation under Normal and Pathological Conditions Using Contrast-Enhanced Ultrasonography (CEUS)

The present chapter highlights the most important information about microcirculation and its evaluation using contrast-enhanced ultrasonography (CEUS). In the beginning it outlines some general considerations about microcirculation, together with its morphological and physiological particularities under normal and pathological circumstances. The ultrasonographic (US) evaluation of vascularity is based on the Doppler technique and the harmonic technique using contrast agents. Then it presents briefly the Doppler ultrasound (DUS) and discusses its most important current and emerging indications. CEUS is presented extensively, covering the fundamentals of sonographic contrast agents, harmonic imaging and quantification techniques. A special focus is placed not only on the current and emerging indications of CEUS but also on the advantages and limitations of the method. This chapter also incorporates information about experimental CEUS applications and future perspectives. CEUS is the recommended US method for the characterization of microcirculation. The results of the examination are displayed in real-time, under the eyes of the examiner, while the quantitative assessment of the contrast agent kinetics parameters is easy to perform. This method allows a precise definition of the healthy or pathologic state of an organ and the follow-up of treatment response