Theoretical and Applied Economics
No. 9 / 2011 (562)
Limiting Civil Liability in the Sphere of Business Auditing
University “Petre Andrei”, Iaşi
Ionel BOSTAN
University “Petre Andrei”, Iaşi
Emil HOROMNEA
University “Petre Andrei”, Iaşi
Marcel COSTULEANU
University “Gr.T. Popa”, Iaşi
Carmen CODREANU
University “Petre Andrei”, Iaşi
Abstract. The statutory audit of business entities is represented by the audit of annual financial accounts or consolidated financial accounts, according to the Community legislation transposed in national regulations. Negligence or imprudence in performing the activities related to this type of audit entail special consequences. It is to some of the elements derived from this context that we refer in this paper, especially as there is often the underlying risk for the auditor to be held liable. It is worth noting that one cannot claim several compensations for the same action. Then, the auditor is not jointly liable with the other authors of the illicit actions which have caused damages. On the other hand, limited liability does not apply to the situations when it has been proven that the auditor has breached his professional duties with direct intent.
Contents
Corporate Governance in Emerging Economies: The Case of Romania
Banat-Crişana as Micro-destination – Elements of Tourism Image and Tourism Identity
News in Competition Regulation in Romania. Institutional Consolidation of the Competition Council
Education and the Characteristics of Public Goods. Overlaps and Differences
The Remittance-GDP Relationship in the Liberalized Regime of Bangladesh: Cointegration and Innovation Accounting
Limiting Civil Liability in the Sphere of Business Auditing
Analysis of the Possibility to Organize the Management Accounting through the Target Costing (TC) Method in the Romanian Entities
Enhancement of Cooperation and Communication between Universities and the Business Environment, Requirement for a Good Functioning of the Knowledge Triangle: Education, Research, Innovation
Predicting Bankruptcy in Pakistan
Analysis of the Correlation between GDP and the Final Consumption
German SMEs Affected by the World Crisis
Contributions to the Legislative Provisions Governing the Management of Waste Containing Asbestos in Romania and EU
Tourism Competitiveness Index – An Empirical Analysis Romania vs. Bulgaria
Socio-economic Models During the Period of Crisis