A NEW APPROACH IN THE AUDIT OF THE EU FUNDS

Viorica Braga () and Naftanaila Cristina Alina
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Naftanaila Cristina Alina: SPIRU HARET UNIVERSITY FACULTY OF ACCOUNTING AND FINANCE CAMPULUNG

Annals - Economy Series, 2014, vol. Special, 536-541

Abstract: According to the European Union norms, the operations financed from the European funds should be subject to the audit work. Until 2013 these activities are carried out according to the International Standard on Related Services (ISRS) 4400 Engagements to perform agreed upon procedures regarding the financial information; since 2014 will apply ISA 800 Audit of the financial statements prepared in accordance with special purpose frameworks and ISA 805 Audits of the individual components of the financial statements of the specific elements, accounts or other aspects of the financial statements. Therefore, in this paper I shall present the auditors responsibilities and the way of reporting in the new context, starting from some statistics that reflect the absorption situation of the European funds up to 2013.

Keywords: audit; operations financed from the European funds; audit report (search for similar items in EconPapers)
Date: 2014
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