THE GLOBAL FINANCIAL CRISIS AS INCENTIVE FOR ENHANCING
            ASSURANCE FOR FINANCIAL REPORTING

                               Monica Buga (Stancu), SC ”IMCF” SA
                              Oana Gherghinescu, University of Craiova
                               Sorin Vânătoru, University of Craiova


ABSTRACT: The article aims to analyze world-wide financial crisis’ impact and implications as
regards assurance for financial reporting, starting with and comparing reactions of international
accounting and audit professional organizations, as regards possible accounting professional’s
contributions to economical stability, and establishes the global crisis as incentive for enhancing
assurance for financial reporting.

Key words: assurance, financial reporting, economical global crisis;

JEL codes: G, Z, M;