The current economic world is dominated by market globalization. The economic and social development presupposes an economic balance and cultural globalization. These manifestations also influence the business common language, that of accountancy and determine the company way of thinking and expressing, the entity management, the control and administration of their resources, as well as its principles, accountancy methods and specific practices of elaborating and presenting financial statements. The business globalization recommends and obliges the entity management to implement corporation governance and calls for statutory audit to offer, in general, the users a guarantee that the financial statement is correct and credible. Moreover, the entire accountancy process, by which a financial statement is obtained and which must be transparent for the users, is totally grounded starting from the idea of investment protection and of a credible management for the users. The accountancy logic starts and permanently has in view to apply correctly the prudence principle—a basis for accountancy conventions and a condition of provisional character of accountancy offered by going concern.
CITATION STYLE
Ionescu, B., Stoian, F., Gabrela, T. G., & Petroianu, G. O. (2016). Assurance of a Credible Financial Information: A Product of Convergence Between Prudence and Continuity by Statutory Audit and a Good Corporation Governance. In Eurasian Studies in Business and Economics (pp. 113–126). Springer Science and Business Media B.V. https://doi.org/10.1007/978-3-319-27573-4_7
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