AUDITOR`S REQUIREMENTS AND EUROPEAN FUNDSJournal: The Journal CONTEMPORARY ECONOMY (Vol.1, No. 4)
Publication Date: 2016-12-31
Authors : Daniel-Petru VÂRTEIU;
Page : 75-83
Keywords : European funds; auditing European funds; ethical principles; requirements of the independent financial.;
European funds are an important source of financing both the private and public institutions that make capital investments of national interest. After accessing some European projects, auditing is mandatory and is performed by auditors authorized by the Chamber of Financial Auditors of Romania. The reference framework which underpins the auditing of European projects is ISRS 4400 "Missions on agreed upon procedures regarding financial information" and The Code of Ethics emitted by the International Federation of Accountants. The Code of Ethics presents the fundamental ethical principles that a professional must comply when offering his services and these are: integrity, objectivity, professional competence, confidentiality, professional behavior.
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