Profitability - Vector Sustainable Development, Progress and Viable Accounting Normalization Requirements - Going Statutory Audit and Regulations

Tudose Geanina Gabriela (), Petroianu Grazia-Oana () and Dãucianu (Avram) Mihaela ()
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Tudose Geanina Gabriela: "Constantin Brancoveanu" University of Pitesti
Petroianu Grazia-Oana: The Doctoral School of The Bucharest University of Economic Studies
Dãucianu (Avram) Mihaela: The Doctoral School of The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 759-764

Abstract: In a market economy, profitability is a sine qua non for the very existence of businesses [3] and entrepreneurs professionalism correlation result, the material and technical and financial resources invested, the motivation of employees and social dialogue amid scientific and technical progress and development requirements ensuring sustainable. Managers must obtain return entities considering the requirements of accounting policy, that should take into account the conventions of prudence, independence period and consistent methods with the basis of accounting logic continuity rule. Moreover, the return must be the result of combining rational interests stockholds, observing continuity requirements in terms of quality standards and accounting standards, under the rule of statutory audit criteria. Quality audit firm comes to sustainability by giving the results of conformity assessment processes and outcomes of these processes (products, services) with a specific standard or other normative document; assessment of the quality management system compliance with specified requirements.

Keywords: profitability; economic efficiency; business continuity; accounting normalization statutory; regulatory audit; audit quality management system; quality strategies (search for similar items in EconPapers)
JEL-codes: M41 M42 P47 (search for similar items in EconPapers)
Date: 2014
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