ASSESSING GOING CONCERN ASSUMPTION BY USING RATING
  VALUATION MODELS BASED UPON ANALYTICAL PROCEDURES IN
         CASE OF FINANCIAL INVESTMENT COMPANIES

                   Tatiana Dănescu,”Petru Maior” University of Târgu Mureş
                   Ovidiu Spătăcean, „Petru Maior” University of Târgu Mureş
                     Paula Nistor, „Petru Maior” University of Târgu Mureş
               Andrea Cristina Dănescu, ”1Decembrie 1918” University of Alba Iulia


ABSTRACT: Designing and performing analytical procedures aimed to assess the rating of the
Financial Investment Companies are essential activities both in the phase of planning a financial
audit mission and in the phase of issuing conclusions regarding the suitability of using by the
management and other persons responsible for governance of going concern, as the basis for
preparation and disclosure of financial statements. The paper aims to examine the usefulness of
recognized models used in the practice of financial standing, for the purpose of designing and
applying analytical procedures specific to financial audit missions performed within Financial
Investment Companies. This approach can serve as a basis in designing and developing specific
financial audit programs for capital investments.

Key words: audit planning, Financial Investment Companies, analytical procedures, rating valuation, rating
models, going concern.

JEL Code: M42