ACCOUNTING FUNCTIONS IN THE AUDITOR’S PROFESSION

Accounting means an information and evaluation system that aims to provide its users with financial, physical and productivity statements and analyzes regarding the entity being accounted for. An information system comprises an articulated set of data, accumulation techniques, adjustments and report editing that allow addressing information of a repetitive nature with maximum relevance and minimum … Read more

GLOSSARY OF TERMS USED IN AUDITING

his glossary clarifies the meaning of words used in literature and texts dealing with auditing. A component of the CBOK-IIA Study Aggregate value The value is added by improving opportunities to achieve organizational objectives, identify operational improvements and / or reduce risk exposure through assessment and consultancy services. Assessment Services An objective examination of evidence in order to provide … Read more

DEFINITION OF FISCAL AND TAX AUDITING

The activity of fiscal and tax auditing is very dynamic and is constantly changing, which requires great attention from the specific bodies linked to this area, in order to standardize and define procedures, strengthening the audit and tax system, thus giving , greater security for investors in companies and for society itself. Such activity comprises the … Read more

HOW TO PLAN A FISCAL AND TAX AUDIT

The auditor must plan the review work in order to establish strategies that allow him to achieve the objectives effectively; to do so, he must have prior knowledge of the entity, its field of activity, the business explored, the organization, the accounting system employed, the operational characteristics, the nature of the assets, liabilities, revenues and expenses … Read more

What is the difference between auditing and accounting expertise?

Generally, in business, auditing and accounting expertise go hand in hand, especially when it comes to improving an organization’s processes. Both can be implemented by the company for better risk management and decision making. Although accounting translates into a very broad field, ranging from the organization to  Generally, in business, auditing and accounting expertise go hand in hand, especially … Read more

Why do you need an audit?

According to the Law, auditing is an entrepreneurial activity for the independent verification of the accounting and reporting of organizations in order to express an opinion on the reliability of financial statements and the compliance of financial and business transactions with legislation. However, in our practice, we are constantly faced with the fact that today there is no … Read more