Study Concerning Exercising an Adequate Professional Reasoning in Developing the Evaluation and Audit

Abstract

Economical –financial information represent the key to substantiating the economical – financial decisions, made by different categories of users, both for macroeconomic and microeconomic levels. In order to be able to have a well grounded base in decision making, the information must respect the quality requirements, and this thing is only possible if the patrimonial items, to which this information refers to, are subjected to a process of pertinent evaluation. Even though there are regulations which clearly specify the way in which an evaluation process, respectively an adequate audit process must take place, for a good management of encountered situations and difficulties, the evaluator, respectively the auditor must exercise an adequate professional reasoning.

Keywords

• professional reasoning
• evaluation
• audit
• economical – financial information