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Effects Of The New Regulation And Corporate Governance Of The Audit Profession

Author

Listed:
  • Melinda Timea FÜLÖP

    (Babeș-Bolyai University, Faculty of Economics and Business Administration)

  • Mirela-Oana PINTEA

    (Babeș-Bolyai University, Faculty of Economics and Business Administration)

Abstract

Financial scandals of the last decade have had a negative effect upon the trust and perception of investors regarding auditor responsibility, firm performance and their part in fraud and error detection. The audit firms play an important role in the capital markets by verifying that auditors provide reliable information to the decision makers. The characteristic elements of the new economy require economic entities new performance standards that go beyond economics. These works’ aim is to explore the implication of the new regulation and corporate governance on the audit profession and audit quality. This study contributes to the literature as it provides a better understanding on how the auditor and audit firms react toward the additional requirements.

Suggested Citation

  • Melinda Timea FÜLÖP & Mirela-Oana PINTEA, 2014. "Effects Of The New Regulation And Corporate Governance Of The Audit Profession," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 545-554, July.
    • Handle: RePEc:cmj:seapas:y:2014:i:4:p:545-554
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    References listed on IDEAS

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    Cited by:

    1. Mirela-Oana PINTEA & Melinda Timea FÜLÖP, 2014. "Corporate Governance And Performance In The Context Of Sustainable Development," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 5, pages 519-526, November.

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    More about this item

    Keywords

    Regulation; Corporate governance; Audit;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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