Direcțiile prioritare de modernizare a activității de audit financiar în Republica Moldova

Abstract

The modernization of the audit quality management system in the Republic of Moldova and its connection to international requirements will lead to an increase in the prestige and recognition of audit professionalism on the domestic market. It is possible to discuss on this topic about an obscure reality that will determine the development of the current concept regarding the evaluation of the quality of financial audit missions. It is often stated that the audit ecosystem is facing increasing expectations of modern society in performing quality management systems that are proactive and adaptable to the needs of users of financial information. The study aims to analyze the current situation of the profession and express itself regarding the advantages and disadvantages of these developments at the stage of harmonizing the auditor profession with international practices. By carrying out an investigation of the professional framework, as well as of international good practices in the exercise of the audit, it is aimed to highlight the role of reforms in ensuring the quality of services in this field. The research is aimed at emphasizing the importance of legislative reforms in order to increase the prestige and the recognition of the professionalism of financial audit activities in the Republic of Moldova, by connecting to the good international audit practices. CZU: 657.6:005.915(478); JEL: M42; DOI: https://doi.org/10.53486/isca2023.24