<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Our entire research concerning audit of the adequacy degree for the principle of continuity in the activity of an entity is based on the personal experience in auditing the financial statements and mainly on looking for a plausible answer to the following question: „Does the auditor opinion expressed in an Audit Report totally support the credibility assessment of financial statements?” The answer for this question is that „the Auditor report supports the assessment of financial statements but is not a warranty regarding the future viability of the economic agent”. This warranty, if the timing is not too optimistic, is insured by the action undertaken by the auditor in the direction of auditing of the degree of adequacy of the principle of activity continuity.</p></abstract>

Our entire research concerning audit of the adequacy degree for the principle of continuity in the activity of an entity is based on the personal experience in auditing the financial statements and mainly on looking for a plausible answer to the following question: „Does the auditor opinion expressed in an Audit Report totally support the credibility assessment of financial statements?” The answer for this question is that „the Auditor report supports the assessment of financial statements but is not a warranty regarding the future viability of the economic agent”. This warranty, if the timing is not too optimistic, is insured by the action undertaken by the auditor in the direction of auditing of the degree of adequacy of the principle of activity continuity.

Audit Of The Adequacy Degree For The Principle Of Activity Continuity

“Spiru Haret” University, Bucharest, Romania

International conference KNOWLEDGE-BASED ORGANIZATION

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Audit Of The Adequacy Degree For The Principle Of Activity Continuity"}

Our entire research concerning audit of the adequacy degree for the principle of continuity in the activity of an entity is based on the personal experience in...

Audit Of The Adequacy Degree For The Principle Of Activity Continuity

Published Online: Nov 24, 2015

Page range: 325 - 330

DOI: https://doi.org/10.1515/kbo-2015-0054

Keywords
financial statement audit, the auditor's opinion, audit report, activity going concern, the auditor's responsibility

© 2015 Cicilia Ionescu, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Audit Of The Adequacy Degree For The Principle Of Activity Continuity

Published Online: Nov 24, 2015

Page range: 325 - 330

DOI: https://doi.org/10.1515/kbo-2015-0054

Keywordsfinancial statement audit, the auditor's opinion, audit report, activity going concern, the auditor's responsibility

© 2015 Cicilia Ionescu, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
financial statement audit, the auditor's opinion, audit report, activity going concern, the auditor's responsibility