"Convergence And Divergence Between The European Directives And European Countries` Financial Audit Legislation: Evidence From Romania And Republic Of Moldova "

Abstract

Financial audit, by its object, is a mean of helping to stabilize the economyat national and international level, and a special concern is given to professional bodies,national and European authorities in developing regulations to improve, facilitate and, in at thesame time, to standardize financial audit procedures. Each European country adopts laws,codes, ordinances, and practices that aim to comply with European standards. Drawing fromthis consideration, we conducted research on the basis of analyzing and comparing the financialaudit legislation of two countries in the European geographical area, one member of theEuropean Union (Romania) and one outside the EU area (Republic of Moldova), but withaspirations for integration in the European Union. The objective of this research is to identifyand to analyze the convergences and divergences between the norms found in the two states inaccordance with European directives.