Theoretical and Applied Economics
No. 9 / 2011 (562)
Limiting Civil Liability in the Sphere of Business Auditing
University “Petre Andrei”, Iaşi
Ionel BOSTAN
University “Petre Andrei”, Iaşi
Emil HOROMNEA
University “Petre Andrei”, Iaşi
Marcel COSTULEANU
University “Gr.T. Popa”, Iaşi
Carmen CODREANU
University “Petre Andrei”, Iaşi
Abstract. The statutory audit of business entities is represented by the audit of annual financial accounts or consolidated financial accounts, according to the Community legislation transposed in national regulations. Negligence or imprudence in performing the activities related to this type of audit entail special consequences. It is to some of the elements derived from this context that we refer in this paper, especially as there is often the underlying risk for the auditor to be held liable. It is worth noting that one cannot claim several compensations for the same action. Then, the auditor is not jointly liable with the other authors of the illicit actions which have caused damages. On the other hand, limited liability does not apply to the situations when it has been proven that the auditor has breached his professional duties with direct intent.
Keywords: auditing contract; insurance; negligence/imprudence in the performance of duties; civil liability; faults; offences; damages.
Contents
- Corporate Governance in Emerging Economies: The Case of Romania
Niculae FELEAGĂ
Liliana FELEAGĂ
Voicu Dan DRAGOMIR
Adrian Doru BIGIOI
- Banat-Crişana as Micro-destination –
Elements of Tourism Image and Tourism Identity
Aurelia-Felicia STĂNCIOIU
Nicolae TEODORESCU
Anca-Daniela VLĂDOI
Codruţa BĂLTESCU
Marilena STOIAN
- News in Competition Regulation in Romania.
Institutional Consolidation of the Competition Council
Cornelia LEFTER
Oana OPREA (TEODORESCU)
- Education and the Characteristics of Public Goods.
Overlaps and Differences
Tatiana MOŞTEANU
Georgiana Camelia CREŢAN
- The Remittance-GDP Relationship in the Liberalized
Regime of Bangladesh:
Cointegration and Innovation Accounting
Biru Paksha PAUL
Anupam DAS
- Limiting Civil Liability in the Sphere of Business Auditing
Carmen COSTULEANU
Ionel BOSTAN
Emil HOROMNEA
Marcel COSTULEANU
Carmen CODREANU
- Enhancement of Cooperation and Communication
between Universities and the Business Environment,
Requirement for a Good Functioning of the Knowledge
Triangle: Education, Research, Innovation
Laura DINDIRE
Mihaela ASANDEI
Cristina GĂNESCU
- Predicting Bankruptcy in Pakistan
Abdul RASHID
Qaiser ABBAS
- Analysis of the Correlation between GDP
and the Final Consumption
Constantin ANGHELACHE
- German SMEs Affected by the World Crisis
Roxana Gabriela HODOROGEL
- Contributions to the Legislative Provisions Governing
the Management of Waste Containing Asbestos
in Romania and EU
Silvian IONESCU
- Socio-economic Models
During the Period of Crisis
Elena MANOLESCU