Development and Regulatory Factor of Professional Bodies in the Audit Activity

The audit activity is seen as a process in a continuous modelling and alignment to the requirements imposed by economic space. This paper aims to highlight the need to provide accurate and complete information by members of the relevant professional bodies that can guarantee a high professional training and competence of the active working team. The auditing process represents and integrated multi-stage approach, legislation, instruments with an individually specific corpus for the audit but also instruments supplied by other sources such as accounting (through the financial statements and the importance of the accounting methods), finances (the financial and banking relationships), management both at a micro and a macro-environment, share markets, taxation etc. The purpose of this paper is to point out first the independent existence of professional bodies as a set of base knowledge and then expand the amount of information for proper auditing services, highlighting the importance of rigor in the regulation of these activities.