The Accounting Information: between Handling and Audit Quality

The entire evolution of human society is based on the permanent amplification of the information ability. The transformation of knowledge into a “treasury” has become possible by the permanent transmission of the information, gathered from one generation to another, in an interrupted chain, for centuries and millenniums. Accounting discipline guides the economic life to profitable alternatives and, through the financial statements it provides the most important source of information for both the management and for stakeholders. Audit helps to improve the quality of this particular information, verifying and certifying that the given information is consistent with reality, while auditors are true guarantors for the providing of quality accounting information. In the undertaken study, we have attempted to demonstrate the importance of accounting information in the contemporary world, by reading the through history, from its appearance until the need for certification.