Abstract:
Financial audit is the examination activity in the expression of an opinion of the auditors on the financial statements in
accordance with international auditing standards of the International Federation of Accountants. Annual financial
statements prepared by legal persons are audited according to law. They are subject to statutory audit. Financial audit is
above all a rigorous process of identifying problems: gap correction, prevention and blocking risks to achieve. It applies
to all independent coherent procedures and rules examination in order to assess adequate, relevant, security and
operation of all or part of a body of actions by reference to a norm. Companies whose securities are admitted to trading
on a regulated market as defined capital market, prepare annual financial statements with 5 components, regardless of
total assets, net turnover and average number of employees. In practice there are requirements on the audit, namely:
statutory audit (audit of annual financial statements or consolidated annual financial statements, under EU law),
auditing the request (is auditing financial statements or of parts prepared by an economic entity in accordance with
national accounting regulations and other reporting frameworks required by users of the audit report), internal audit (for
independent, objective assurance that gives an entity in terms of control over work done).
