Implementation of International Standards on Auditing in the EU- Objective Necessity

Þugui Valentina ()
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Þugui Valentina: “Valahia” University of Târgoviºte

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 2195-2200

Abstract: The purpose of this article is to highlight the need to implement the Inter-Audit standards in Europe along with their international adoption. Thus we start from the necessity of adopting these tools at European level normalization as their main purposes strengthening the accounting profession and professional standards aimed at stimulating the basis of the auditors. We believe that conducting an audit in accordance with International Auditing Standards involves compliance by auditors to audit all relevant standards, understanding their correct and full text of the application. ISA adoption should be considered as one of the priority measures to restore confidence in the underlying economic recovery. Then continue and show that although there are assumptions that the introduction of international auditing standards will bring great benefits to the European audit market there are still impediments to their convergence.

Keywords: implementation; convergence; financial statements; users; financial audit (search for similar items in EconPapers)
JEL-codes: G01 M42 P41 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:2195-2200

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