Financial Audit Report-The Sound Base of the Management Decision
Financial Audit Report-The Sound Base of the Management Decision
Author(s): Ana Morariu, Gabriela UngureanuSubject(s): Business Economy / Management, Micro-Economics, Accounting - Business Administration
Published by: EDITURA ASE
Keywords: managerial decisions; financial information; the management’s evaluation; financial audit; statutory audit; independent auditor; audited entity; objectivity and confidentiality; the investors;
Summary/Abstract: The shareholders and the investors shall be informed about the actions of the company’s management and their results. The management evaluation constitutes the base for the dialogue between managers and shareholders. The auditor is in charge with the evaluation of the degree of adequacy and implementation of the financial information performed for the management with a view to acknowledge the reality of the entity. The audit team and the manager shall be considered as partners not as opponents, as they share the same goals, namely the management effectiveness. The audit involves the checking of financial statements performed by an independent and responsible person, as well as verifying the compliance with the rules and the legal provisions. Auditing the financial statements is made up the credible evidence of the economic transactions. The aim of financial audit is to increase of the credibility of information provide by the financial statement useful for the future management decision.
Journal: Revista de Management Comparat Internațional
- Issue Year: 10/2009
- Issue No: S2
- Page Range: 961-968
- Page Count: 8
- Language: English