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Financial Audit vs. Corporate Governance Practices – A Viewpoint on Current Challenges and Perspectives in the Time of CoVid-19

Author

Listed:
  • Delia Deliu

    (West University of TimiÅŸoara)

Abstract

The focus on effective corporate governance and financial audit quality has expanded exponentially over the last two decades, but especially now, when the world is in a pandemic crisis, states, companies and citizens being in urgent need for strategies to fight, cope with and ease the pandemic, as well as to protect their societies and economies during and after this socio-economic crisis. The chosen topic for this paper lies in the challenges and perspectives of the (effective) corporate governance – (qualitative) financial audit relationship, with a particular emphasis on the factors that influence the relationship of interdependence between these two, respectively the (proactive!) role of the financial auditor, in the context of the new Coronavirus (Covid-19) pandemic. Endorsements outlined in this paper do not encompass an unequivocal statement of law, but epitomise the results of the exploratory and observation research, respectively the author’s best interpretation of where things stand as of the date of publishing this manuscript.

Suggested Citation

  • Delia Deliu, 2020. "Financial Audit vs. Corporate Governance Practices – A Viewpoint on Current Challenges and Perspectives in the Time of CoVid-19," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 909-918, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:909-918
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    References listed on IDEAS

    as
    1. Clark, Gordon L. & Wojcik, Dariusz, 2007. "The Geography of Finance: Corporate Governance in the Global Marketplace," OUP Catalogue, Oxford University Press, number 9780199213368, Decembrie.
    2. Sloan, Richard G., 2001. "Financial accounting and corporate governance: a discussion," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 335-347, December.
    3. Nicoleta Farcane & Delia Deliu & Eusebiu Bureană, 2019. "A Corporate Case Study: The Application of Rokeach’s Value System to Corporate Social Responsibility (CSR)," Sustainability, MDPI, vol. 11(23), pages 1-19, November.
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    More about this item

    Keywords

    corporate governance; financial audit; sensitive socio-economic context; CoVid-19;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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