Review article

An assessment of financial audit practices in the Romanian metallurgical industry

C. Boţa-Avram ; Babeş-Bolyai University, Faculty of Economics and Business Administration, Cluj-Napoca, Romania
P. R. Răchişan ; Babeş-Bolyai University, Faculty of Business, Cluj-Napoca, Romania
A. Groşanu ; Babeş-Bolyai University, Faculty of Economics and Business Administration, Cluj-Napoca, Romania

Abstract

The goal of this paper is to provide an assessment of financial audit practices of the largest metallurgical companies trading on Romanian capital market. Metallurgical industry represents a significant sector in the Romanian economy as a whole; therefore an evaluation of audit practices used by these companies could provide relevant information. Based on a well-documented literature review, with a focus on main findings concerning audit practices, especially in the context of corporate governance, there was selected a set of certain criteria that should be taken into consideration when referring to the best practices in the audit area.

Keywords

metallurgical industry of Romania; financial audit practices; scoring; corporate governance

Hrčak ID:

119559

URI

https://hrcak.srce.hr/119559

Publication date:

1.7.2014.

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