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Expanded Audit Reports and Audit Fees – A Content Analysis on the Romanian Banking Sector

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  • Oana-Marina BATAE

    (The Bucharest University of Economic Studies, Romania)

Abstract

Nowadays, the communication between the auditors and both shareholders and stakeholders has a significant role in delivering value. Therefore, the new format of the audit reports that will be analysed in the following chapters, has not only the role to improve the dialogue between shareholders and directors, but also to provide the key to the audit „black box” in order to explain in details what is the work performed by an auditor, leading to an increase in the trust placed in an auditor by the shareholders. This study has two main objectives, the first one being represented by the identification and analysis of the components of an audit report, while the second one is represented by identifying and analysing the key audit matters. The third objective which is an adjacent one is represented by a comparative analysis of the audit fees by taking into account different indicators, such as profit before tax or total assets.

Suggested Citation

  • Oana-Marina BATAE, 2019. "Expanded Audit Reports and Audit Fees – A Content Analysis on the Romanian Banking Sector," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 17(156), pages 653-653.
    • Handle: RePEc:aud:audfin:v:17:y:2019:i:156:p:653
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    References listed on IDEAS

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    More about this item

    Keywords

    banking sector; audit reports; key audit matters; voluntary disclosures; audit fees;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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