The financial auditor’s credibility in postcrisis economic policies

Florin Dobre, Adriana Florina Popa and Laura Brad
Additional contact information
Florin Dobre: Bucharest University of Economic Studies
Adriana Florina Popa: Bucharest University of Economic Studies
Laura Brad: Bucharest University of Economic Studies

Theoretical and Applied Economics, 2014, vol. XXI, issue 2(591), 87-98

Abstract: Given the nowadays economic instability, we might consider that financial auditors could have been one of the important triggers for the economic crisis. Companies that, shortly after undergoing financial audits and publishing their financial statements, seemed to display a viable and true and fair view of their performance in the financial statements – endorsed by financial auditors – faced economic tribulations and needed financial aid to be able to survive on the market, banks’ case included. Scholars believe that the banks and investment companies decisively contributed to the unfolding of the financial crisis. This study presents the important role played by the financial auditors in deploying the economic crisis, as well as solutions for re-instating the financial audit activity, as we outline a discrepancy between expectations and results. The role of financial auditors and of corporate governance should shape the economic re-launch by means of differentiated and finely-tuned approaches and be correlated, as well as proportional, with the dimension and characteristics of the audited company.

Keywords: audit; crisis; credibility; corporate governance; financial institutions. (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/955.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=955&rid=107 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxi:y:2014:i:2(591):p:87-98

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().