Considerations on the General Framework of Tailored Accounting Procedures

Author:Professor Maria MANOLESCU, Ph. D., Associate Prof. Aureliana-Geta ROMAN, Ph. D., Mihaela MOCANU, Ph. D. Student

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Keywords:strategy, accounting procedure, accounting policy, economic benefits, discount rates, internal control, statutory auditor

Abstract:
The objective of the present article is to discuss a very topical and also extremely important issue in the field of accounting –accounting procedures. Starting from concrete aspects of the practice in the field this legal requirement is dealt with from the perspective of the relationship strategy – accounting procedure – accounting policy and from the perspective of the compulsory character of elaborating, approving and permanently updating accounting procedures. Last but not least, it is pointed out the need that the accounting procedures are tailored and suitable for the size and characteristic features of each entity. At the same time, the role of the statutory audit in this respect is emphasized.\r\n\r\n

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