Evaluation of the methodological framework of the financial audit in the Republic of Moldova

Making an audit involves a complex of measures and application techniques for exhaustive reporting based on financial reports. Precisely for this reason, methodologies were approved that are applied in the framework of audits at institutions. The methodological framework is an aid to auditors and guidance for each type of audit. Over the years, the methodological framework has been adjusted and improved, so as to cope with the current requirements and at the same time assessing the risks, taking into account the up-to-date developments. By evaluating the methodological framework of the financial audit, the author aims to establish the compliance of the institution and/or the subdivisions responsible for the exercise of financial audits with the provisions of national and international standards regarding the method of carrying out both internal and external financial audits. The methodological framework is an official document approved by the institution authorized to perform audits. During the audit missions, the auditors apply the methodological framework, depending on the type of audit, its theme and complexity.