HYPERION ECONOMIC JOURNAL

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• Ana-Maria COMANDARU (ANDREI), Ph.D. Student, Affiliation: Valahia University of Targoviste, Romania.

The financial scandals that have shaken the international economic environment of the last decades have had negative consequences on a profession that must protect the public interest, the accounting profession. The identification of creative accounting as the main cause for declaring major bankruptcies has affected the image and reputation of the professional accountant, known as rigid and impartial, and the confidence in the accounting profession has been considerably diminished. In this context, the profession of financial auditor has often been accused of failing to comply with the status of guarantor of the quality of the information provided by the financial statements prepared by the audited company.
In this scientific approach, I set out to analyze the effect of financial scandals on the accounting profession, highlighting in particular the responsibility and role of the financial auditor in detecting creative accounting techniques, techniques that may underlie accounting fraud. In order to carry out this study, I resorted to the revision of the specialized literature, as well as to the analysis of the legislation in force, of the accounting norms and of the audit standards.

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