Abstract:

The global economy is constantly changing and innovating, new situations are emerging and adaptability to these conditions is essential. Thus, the importance of the statutory auditor has become more and more accentuated, the value offered by him through the mission he carries out as well as through the opinion the issues is much more substantial than it is seen at first sight. This article aims to highlight the importance of the statutory auditor on the global economy in Romania. The image of the entities is transposed in an audit report and through a positive opinion it brings credibility, respect, prosperity and trust both economically and socially. The auditor offers perspectives and open doors to creditors, investors and collaborators and internally contributes to staff accountability, business transparency and devotion from stakeholders. In order to give credibility to the audit report, we need to know who prepares it, what are the skills and competencies required and what kind of training and professional experience is required to practice this profession. Through research on the conditions imposed by the legislation as well as on the path that an auditor must follow in order to acquire this quality, I will demonstrate the professionalism of the auditor as well as the value that he brings to the audited entity.