In close connection with the current evolutions of the economic situation, worldwide, as well as in our country, the financial auditor is the professional who contributes to a significant extent, to the sanitation of the economic climate and to the restoration of confidence in initiatives, honest and pertinent measures. economic crisis.
Through professionalism, attitude, independence and transparency in carrying out financial audit missions, by preparing quality reports, the financial auditor satisfies the public interest in the fairness of the business subject to its evaluation, while fulfilling an important social role.
The expectations of the business environment and in general of the beneficiaries of the audit reports towards the financial auditors are mainly related to the accomplishment of quality audit missions, in order to offer pertinent assurances regarding the reality and correctness of the information contained in the financial statements.
Thus, a very important message can be given regarding the state of health of the audited entities. In the world of business worldwide, the names of audit firms have sometimes been corroborated by failure or fraud in large-scale scandals1. Fortunately, such situations did not arise in our country, the Romanian financial auditors enjoying a good reputation.
In this context, the paper deals with the study of the general principles and professional norms of financial-accounting audit, both from a theoretical-conceptual point of view and from a practical-applied point of view. His methodological-didactic approach aims to offer those interested the most efficient ways to understand and deepen all aspects related to financial audit, to form a logical, independent thinking in practicing this profession, as well as the skills needed to audit financial statements.
From the issue of financial audit, the aspects regarding the principles and rules specific to financial audit were chosen and presented; the definition, objectives and regulations of the financial audit; the conceptual framework of financial audit missions; ethical principles of financial auditors; planning a financial audit mission; financial audit evidence and procedures for their collection; the stages of accomplishing a financial audit mission; the audit of the accounts included in the financial statements; fraud and error in the financial audit; documentation of financial audit works; the conclusions of the audit, the issuance of the opinion and the elaboration of the financial audit report.
In this sense, the paper is addressed, first of all, to those who in the faculties (bachelor's and master's) or other forms of professional training study the financial-accounting audit.
It is intended, secondly, for trainees and practitioners in the field of financial-accounting audit, accounting experts, financial analysts and other specialists who want to deepen the informational values of this field.
All of them are offered the issue of organizing, managing and carrying out within the limits of the international standards of (accounting and audit) and of the normative acts in the field elaborated in our country, of a financial audit commitment.
When writing the paper we used a rich foreign legislation and literature, but especially local. We thank the Romanian normalizers, the professional body (Chamber of Financial Auditors) in the field, for their efforts to create and then improve a competitive financial audit system.
We also appreciate the interest and professional competence of specialists in higher education, research and practice in the field of financial-accounting audit for books, studies and our own points of view that have seen the light of day and that have been of real use to us in writing. works.
We enjoyed the qualified support of the publishing house, the printing house, the editor and the word processors, who took care of the operative preparation and the appearance in the best conditions of the work, for which we thank them.
We thank, a priori, our readers, students (bachelor and master), trainees, teachers, specialists who will have the patience and interest to read and use this book.
We are aware that the work can be improved, that it can be the subject of critical reflections, suggestions and proposals. Therefore, we will be grateful to all for the submitted recommendations that we are waiting for with due attention and that we will receive with pleasure and distinguished consideration and we will consider them in a possible edition.
Bucharest, October 2015
On behalf of the authors,
Prof. univ. Dr. Victor Munteanu