PRAGUL DE SEMNIFICATIE, FACTOR DECIZIONAL ÎN AUDITUL
                   FINANCIAR – CONTABIL /
   THE SIGNIFICATION LIMIT, DECISIONAL FACTOR IN FINANCIAL
                      ACCOUNTING AUDIT

 Doctorand: Crasoveanu (Oprean) Theodora - Universitatea Valahia Targoviste, Facutatea De
                                   Stiinte Economice

        Abstract: In accordance with the Standard of Audit 320” The target of an audit of the
financial situations is to permit to the listener to express opinions, adequated to it, the financial
situations were written down taking into account all the essential aspects in accordance with a
general financial identified frame.
        The adopted signification limit will consist in the value reported to the mistakes, the
omissions and the errors identified in accounts, considerate individual or cumulated, indicates if
those accounts offer a loyal, exact and complete image of the result of the financial situations and
of the enterprise’s actives.
        Generally, the signification limit is the level, the size of a sum which the listener considers
that a mistake, error or omission can affect the regularity and sincerity of the financial situations
and the loyal image of the result, of the financial situation and the enterprise’s actives. In other
words, the signification limit represents what in the Anglo-Saxon accounting is called „the
materiality”, the errors level under which the understanding and the interpretation of the financial
situations won’t be affected significantly.

       Keywords: signification limit, level, financial situations.

       JEL Codes: M42.