The role of the extrajudicial accounting survey in reviewing and certifying financial statements. A case study

Abstract

As our society develops, transactions between companies become increasingly complex. The amount of data involved is bigger and bigger, while decision makers are more and more likely to receive incorrect information. In order to improve the reliability and relevancy of the information they use, decision makers resort to assurance services which can be performed by financial auditors, chartered accountants or other specialists. The contribution of the accounting survey to the prevention of damage, the preservation of the integrity of the cultural assets and the compliance with the law are efficient not only given their use as evidence in court, but also as a means to ground decisions or to guarantee the fact that the accounting balance sheet offers a true, clear and complete view over the assets, financial statements, the profit (loss) for the period. These financial and accounting analyses and certifications of the assets and the possibility of the economic agent to make profit and, consequently, to be financially efficient, represents a proof of reliability for the other economic agents when establishing sound economic rapports.