Enhancing the performance of financial statement auditing in the context of globalization. Summary of the Doctoral Thesis in Economic Sciences

Abstract

Relevance of the research topic and importance of the issue addressed. Recent changes have highlighted the importance of financial statement audits in response to financial scandals and global economic crises that have eroded public trust and the reputation of the auditing profession. In this context, an international debate has emerged regarding the quality of audit services and the need for improvement, given the increasing complexity of regulations and the varied and complex goals of auditors. Reforming the risk-based quality assurance system is essential for restoring public confidence and recognizing auditors' professionalism. Additionally, economic development has necessitated alignment with European, international, and national standards. Financial scandals have prompted some countries to adopt measures to strengthen auditors' independence. Given the importance of reliable financial information for decision-making, the focus has shifted from routine audits to quality-oriented audits aimed at restoring confidence in the financial statements of audited entities. Audit practices are continuously evolving, addressing risks with precision and adapting to frequent changes in the field. Given the need for accurate and complete information, financial statement audits ensure high levels of trust for stakeholders and provide reasonable assurance. Since users' trust depends on the perceived quality of audit services, auditors must adhere to International Standards on Auditing (ISA) and professional ethics to maintain a high level of quality. In this context, it is crucial to research how professional competencies and ethical dilemmas impact the effectiveness of audit strategies and the integrity of results. Economic and financial reforms have adopted methodologies aligned with recognized European and international standards and practices, ensuring coherence and compatibility with the globalized economic environment. In this context, audit plays a vital role, providing necessary assurances to support the decision-making process. Globalization drives the development and application of international standards, demanding a high level of professionalism. Therefore, it is important to investigate the historical and theoretical foundations of auditing, including its evolution as a profession and activity, both internationally and in Moldova and Romania. The research aims to address contemporary challenges such as globalization, digitalization, and artificial intelligence, emphasizing the need for professional bodies capable of establishing behavioral rules. It also seeks to explore how current trends in the profession, including improving behavioral and technological skills, contribute to managing ethical dilemmas and applying professional skepticism.