期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2010
卷号：10
期号：2
语种：English
出版社：Ovidius University Press
摘要：The spillover of the credit crisis into a broader global economic downturn brings with it a number of accounting and financial reporting related issues and risks in financial audit area. In their run to show a big profit,in order to attract investors,the assets were over valuated by the companies and validated by the financial auditors. The key problem is the true and fair value shown in financial statements. Thus,financial auditors are the ones to legitimate the accounting information output,by means of their signature,which certifies the fact that the financial statements are authentic and reflect accurately,and fair the result of the transactions of the entity for the audited fiscal year,compliant to IFRS.
关键词：financial risk;global economic crisis;true and fair value;audit risk;auditors’ ethical standards
