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
work in the frame of the singular European banking market, without the obligation of making
work units in different EU countries, benefiting of all rights and having all obligations (it is
only about the obligations supposed by the interbanking relations or the bank-client one) that
banking societies have towards the countries in which they activate, but submitting the
regulations and surveillance of their country’s National Bank. This situation involves specific
dimensions for each kind of activity, as for a commercial bank activity and, respectively, that
of an investment bank. The first will know new interbanking market values regarding credit
and the request for credit, and the banking activity of investment will be confronted with the
supplementary problems of the extending operating market.
Although one of the main implicit objectives of the unique European market is that to
attenuate the differences in the economical context between the member countries, so that for
the inhered modifications, and usually cyclic, in the national economic medium, to be as
possible, coordinated, to be able to speak of a concordance between the national economic
factors, that would find a common factor and a correspondent in the European economic
factors. Unfortunately this will not happen too soon, but instead will be a process in stages,
which will probably last for some decades. This is because the differences in economical
development and of law base between the member states were, in many cases, considerable
from the moment of the unifying debut and these differences will not attenuate too soon. Here
the example of United States can be mentioned where, even now, after a century of economic
development and more than two centuries since the unification, there are still some
differences in the economic potential between some areas, differences that the investors need
to take in consideration. Certainly, the founding of the European Union is substantially
different, firstly due to the economic starting level of every country, and yet the difficult
problem of law harmonization, procedural, normative and institutional will be a lasting
process because of the effect that they induce an the national level.
To put it in other words the three main activities which lead to the underlying of the
placement decision, as follows: the analyzing of the present economic situation, the
identication and dimensioning of the risks and the elaboration of the foresights, know at the
bank’s level, a complexity specific to bivalent trait, at least at the economic level, of European
Union, as follows:
* there is an economic context of the community which, correspondently, has influential
factors and personal tendencies;
* there are national economical contexts of the member states, which, similarly have
influential factors and specific tendencies;
This frame of the economic activities deployment, with the passing of time, it will surely
modify towards the amplification of communitarian context and in the disadvantage of the
national economic contexts. Even so, it should not be forgotten that for a long time from now
the national economic contexts will carry weight in the decisional process of the funds
placements. At the bank’s level this will transpose into the necessity of creating services
specific for permanent monitoring activities of the evolution of different communitarian
markets, looked upon as potential markets for funds and in the amplification of economical
analysis, risk analysis and foresight services to correspond the requirements of the operating
bank, in the conditions of capitalization and safety, in an economic environment in permanent
changing. It can be outlined that this situation of permanent changing of the economic
environment, created though the foundation of the European Union, will be from the
geographic point of view and/or from the communitarian acquis point of view a permanent
evolution, and from the economical performances point of view, like any other economic
environment, will have a cyclic evolution.
Besides the mentioned organizational changes, which the East and Central European banks
must gradually put into practice, in accordance with the apparition and development of the
operating possibilities on the European banking market, for every market it will be necessary
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