IREK – AESM: Institutional Repository of Economic Knowledge

Dealing with Key Audit Matter Assertions in the Context of Reporting Engagements

Show simple item record Iachimovschi, Anatolie 2024-02-29T07:38:45Z 2024-02-29T07:38:45Z 2023-09
dc.identifier.isbn 978-9975-167-39-0 (PDF).
dc.description IACHIMOVSCHI, Anatolie. Dealing with Key Audit Matter Assertions in the Context of Reporting Engagements. In: Competitiveness and Innovation in the Knowledge Economy [online]: 27th International Scientific Conference: Conference Proceeding, September 22-23, 2023. Chişinău: ASEM, 2023, pp. 358-365. ISBN 978-9975-167-39-0 (PDF). en_US
dc.description.abstract The objective of the study is to analyze the professional requirements related to the treatment of assertions regarding the key aspects of the audit in the context of reporting missions. During the audit missions, they must monitor whether the data collection and processing procedures are well established and permanently applied. The idea that it is the duty of the auditor to detect violations of the legislation is unanimously shared. At the same time, the auditor cannot be expected to report issues that do not belong to his competence. Mistakes in financial statements can be committed not only because of non-compliance with the principles of accounting standards, but also for other reasons explained in the article. In order to discover the errors and frauds listed above, the procedures recommended by the International Auditing Standards and those proposed in this paper can be extended. Presentations or disclosures made by an entity's management through financial reports are treated in various ways, which are not limited to the accuracy with which accounting information is processed. Affirming that the information in the financial statements is presented in accordance with the provisions of the accounting and financial reporting framework respectively, it can be concluded that the management, implicitly or explicitly, assumes responsibility for the recognition, evaluation, quantification, presentation and disclosure of the various elements in the statement financial statements and related explanatory notes. In practice, all cases of incorrect financial reporting a serious problem for accountants who want to properly apply accounting provisions, but it is also a challenge for independent auditors. The objective of an audit mission is to provide an assurance that the financial position and financial performance are adequately presented in the financial statements taking into account the provisions of the financial reporting standards. It is important that when starting the audit, the auditor will first of all obtain a sufficient understanding of the terms and conditions of the engagement. DOI:; UDC: 657.6:006.44; JEL: M42 en_US
dc.language.iso en en_US
dc.publisher ASEM en_US
dc.subject financial statements en_US
dc.subject international auditing standards en_US
dc.subject key aspects of the audit en_US
dc.subject policy monitoring en_US
dc.subject reporting missions en_US
dc.title Dealing with Key Audit Matter Assertions in the Context of Reporting Engagements en_US
dc.type Article en_US

Files in this item

This item appears in the following Collection(s)

Show simple item record

Search DSpace

Advanced Search


My Account