Abstract:

Any individual or public investor wants to know which are the risks of the business he invests his money in, the depreciation methods and the politics of his investment, the correspondence between  accountancy and taxation and its implication in the business, so that the risk of distorting the real image of the patrimony to be minimum. In this context, the absence of a long term tradition in auditing the intangible assets accounted through integrated systems of evidence makes the modern auditor the main reference and guarantee for the investor as regards the intangible assets. As the auditor to get to reasonable conclusions he needs to obtain enough appropriate audit evidences. The main audit evidences as regards the intangible assets are invoices, receipts, agreements, delivery-receipt protocols, confirmations from third parties, primary documents obtained from physical observations, partial or total  evaluations, the registry of fixed assets, the card of the fixed assets, centralised balance sheets, notes from the conversations with the managers or with the staff from the entity.

Any mission of audit implies risks, but their identification, from the planning stage of the works, is one of the main objectives of the auditor. It should be specified that it is a difficult activity and it doesn’t offer absolute safety. To provide a result regarding the risk level first it’s necessary to identify them.