A study on the evolution of the audit in the rm in the context of economic regulations

Abstract

According to the latest ascents of international and national economic realities, the responsibility assigned to the audit activity becomes a premise for ensuring correct, objective, transparent, and especially comparable financial-accounting information, on the basis of which the best possible economic decision can be made. In this context, the general accounting and auditing framework is continuously improving the quality of its accounting information by applying accounting regulations in line with European Union Directives. Thus, the European Union seeks to align European accounting standards with International Financial Reporting Standards (IFRS) and, at the same time, use a single language in conducting business by finding a point of convergence. As a result, entities must increase their parameters of information competitiveness in relation to competitors in the domestic and international market, because information is the only inexhaustible resource and becomes a real power factor, a good that directly influences the degree of prosperity of an entity. Taking into account the frequent changes in the legislation, we considered important an analysis of the audit entities from the perspective of knowing the current situation of the audit activity in the Republic of Moldova. For this purpose, we conducted a research at the level of audit entities in the Republic of Moldova. From the methods of collecting and systematizing the information, a quantitative research method was chosen, based on a questionnaire. An online questionnaire (Google form) was developed to conduct the research. In this regard, 22 questions were asked, with several options for answers. The design of the questionnaire and the formulation of the questions aimed at observing the main objective of the paper on the evolution of the audit in order to determine the development trends of the profession and adaptability to the current context by identifying the main challenges and skills needed for auditors, the priorities of the audit entities and the advantages of the technology in carrying out the audit missions.