Reflections on the Functioning of the Supervision System of the Audit Activity in the Republic of Moldova

Abstract

In the Republic of Moldova, there is no a single professional and independent body that would include all audit entities and independent auditors, these being dispersed in several associations, and a significant part did not even join the existing bodies. This research discusses some topics related to the existence of a single professional body, which would defend the rights of audit entities and to which all audit entities should be members, the analysis of the international situation regarding professional bodies and their comparison with the situation in Republic of Moldova and commenting on changes in legislation in the field of obtaining the qualification certificate by auditors and the creation of the public audit supervisory board. The legislation of the Republic of Moldova, the opinions of scholars and certified auditors in the field, as well as the reports and publications of international bodies on this subject served as a guide in addressing these issues.

Keywords

• audit
• supervision
• control
• mission
• organization
• qualification