COULD BE THE FISCAL RISK MINIMIZED THROUGH FINANCIAL AUDIT?
Authors: Alina DOMNIŞOR, Daniela Nicoleta MEDINȚU, Radu PRODAN
Number of views: 217
The article approaches a useful theme,for the academic
environment, specialists in tax and accounting regulations,but also for the practitioners in the
private sector. Our scientific aim is to demonstrate
the usefulness of the financial audit for the fiscal
component also of the entities which, at present,have no
legal requirement to audit the financial statements.
Why such a research? Because the fiscal size of businesses represents a continuous risk on the agenda of the management and our empirical study will demonstrate the hypothesis according to which the fiscal risk
is minimized through financial audit.
The true and fair view of the financial statements depends also of the auditor’s objectives as concerns the
total tax summary.
It is a new approach of the financial audit that the entities may audit only the components in the financial statements,where these show high risks.
It is an approach for the entities that, at present,
have no legal requirements of auditing due to the fact that they do not fulfil the size criteria for audit.
The scientific step shall be centred on the analysis of
the salary, fiscal and social costs by using the financial audit.