A NEW WAY OF AUDITING – AUDIT IN KNOWLEADGE BASED ...

Annals of the University “Constantin Brâncuşi”of Tg-Jiu, No. 1/2008, Volume 3,
ISSN: 1842-4856
and they will gradually substitute the existent IAS. This action had been established at the
first reunion of the IASB, to ensure permanent connection with IASC and IFAC.
At the moment, the IAS accounting standards can be considered as a group of shared
standards, approved, independent and complete. Therefore, one can understand why the
European Commission chose to refer to the IAS in relation to how the balance sheets of the
European economic entities had been elaborated and edited.
On the other hand, the European Commission could have decided upon the elaboration of a
set of accounting standards, which could have had determine an accounting harmonization
within the EU market. At the same time, these accounting standards within a unique European
context would have inevitably become different from the international accounting standards.
This could have had excluded Europe from the international accounting harmonization
process, even more, it could have blocked the possibilities of European companies to obtain
resources from the global markets.
Bibliography:
1. Mateş D. , Matiş D,- Contabilitatea financiară a entităţilor economice, Editura Mirton ,
Timişoara, 2006.
2. Ristea M. - Contabilitatea financiară a întreprinderii, Editura Universitară, Bucureşti,
2005.
3. Gazeta Oficială a U.E nr. 392/2004.
4. Gazeta Oficială a U.E nr. 299/2005.
5. Regulamentul nr.1602/2002 al C.E.
6. Regulamentul nr.1564/2005 al C.E
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