Financial audit – feckless for economic re-launch

The credibility of financial audit suffered an important decrease upon the economic crisis has been released. Even though solutions for its improvement were conferred, such as the Green Paper code, it continues to be a feckless tool for overcoming upon the recent financial crisis. This research prov...

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Bibliographic Details
Published in:Theoretical and applied economics 2015-06, Vol.XXII (2), p.151-162
Main Authors: Elena DOBRE, Laura BRAD
Format: Article
Language:English
Subjects:
economic re-launch
financial audit
financial crisis
Romania
transparency
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Summary:The credibility of financial audit suffered an important decrease upon the economic crisis has been released. Even though solutions for its improvement were conferred, such as the Green Paper code, it continues to be a feckless tool for overcoming upon the recent financial crisis. This research provides evidence about the characteristics of financial audit of listed Romanian entities and about the correlation with entities’ evolution. The results emphasize that the lack of transparency in financial reporting is a key element to economic re-launch.
ISSN:1841-8678
1844-0029