The Importance Of Financial Audit and Reporting On The Predictions Of Companies’ Performance On The Bucharest Stock Exchange

Popa Adriana Florina (), Dobre Florin () and Laura Brad
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Popa Adriana Florina: The Bucharest University of Economic Studies
Dobre Florin: The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 1318-1323

Abstract: The problem regarding the financial performance of the companies is related not only with the critical examination of them, but also with the evaluation realized by the audit team regarding company’s financial statements. As a fact, the lower the financial performance is, more importance to audit practices is conferred. This study is going to evaluate the performance of companies by calculating the Z score using the Anghel Function. The sample is used by evaluating the companies from the BSE (Bucharest Stock Exchange). As the model is pointing out the companies that obtained higher or lower performance, the financial audit is also important to the present context.

Keywords: key words financial audit; financial performance; accounting principles; discriminant analysis; z score (search for similar items in EconPapers)
JEL-codes: M40 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1318-1323

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