 ON FISCALITY AND FINANCIAL AUDITMorar Ioan Dan ()
Annals of Faculty of Economics, 2013, vol. 1, issue 2, 305-309 Abstract: This paper is an attempt to correlate fiscal problems with financial reporting accounting regulations, a correlation regarded in terms of financial audit. The subject of the present paper is an interdisciplinary one and it requires the understanding of three types of regulations, namely: fiscal regulations (The Fiscal Code), national and international accounting regulations (the accounting law, including the adjustments to date carried out through the Order of the Ministry of Public Finance 1286/2012and the International Accounting Standards â€" IAS), the International Financial Reporting Standards (IFRS)and the regulations of the National Securities Commission regarding the reporting concerning the financial statements of the entities quoted on the regulated securities market. The purpose of the paper is to synthetize the most important aspects of the financial reporting procedures in the conditions of applying for the first timeof the regulations contained in the International Financial Reporting Standards and the emphasis of the main procedure problems generated by the reporting process. The main source of the synthesis of the problems suggested comes from the synthesis of information and results of the audit activity of such financial statements and their comparison with the regulations in the field and the experience presented in the literature in the field. The result of the regulationsâ€(tm) compliance with the new procedures needed in the reporting process for the first time in the IFRS conditions is capitalized in procedures defined by the national legislation and by IFRS, necessary for the compatibility of financial information for the public entities and, in the same time, procedures adjusted for the auditing of such financial statements. The implications of settling out such procedures target the practical activity of preparing, publishing and auditing financial statements. In what follows, the author is trying to synthetize the problems in a procedural manner and to solve these correlations in a procedural manner necessary for the first steps in the application of the IFRS and, also, the author made his own financial statement auditing procedures of such patrimonial entities. Keywords: taxation; accounting; reporting standards; financial position. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2013:i:2:p:305-309 Access Statistics for this article More articles in Annals of Faculty of Economics from University of Oradea, Faculty of Economics Contact information at EDIRC. |
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