Cadrul normativ actual privind supravegherea publică a calităţii activităţii de audit în Republica Moldova

Abstract

The normative framework regarding the public supervision of the audit activity in the Republic of Moldova has been improved this year, with the approval of the various regulations whose purpose is to regulate the way of organizing and carrying out the external quality control. Through the present study it is proposed to present and disclose the new requirements of the normative framework regarding the quality assurance of the audit in order to prevent, detect and correct non-conformities in the process of auditing the financial statements. In the elaboration of this paper, as the research methodology, the analysis of the good European practices regarding the quality of the audit activity was applied, taking into account the commitment assumed by the Republic of Moldova to transpose into the national legislation the provisions of the Community acquis in this field. In this way it is proposed to clarify the performances obtained by the local regulatory authority in the development of the normative framework regarding the public supervision of the audit activity. The results obtained from the research carried out are of interest for business partners, audit entities, auditors, professional associations, as well as for the public oversight authority of the audit activity in the Republic of Moldova. JEL: M42.