THE AUDIT MISSION IN THE BASE OF THE ISRS - STEPS TO STRENGTHEN INDIVIDUAL FINANCIAL STATEMENTS OF THE CONTRACTING COMPANY

In granting a credit the bank must be informed correctly about the client's financialsituation and the possibility of the existence of specific links between contractors and associatedcompanies of the group, thus lending decision must make a decision based on knowledge and risktaking by the bank to the whole group. This paper has as main objective the theoretical andpractical presentation of the stages of building the individual financial statements through themethod of global integration and consolidation process influence on the financial position andperformance of the entity that the auditor's opinion expressed in the audit report, with highlightinglimitations and directions to follow. The empirical study presented aims to present consolidatedfinancial statements summary highlighting the relevant information to users, information audited byan auditor and presented in a report issued under the International Standard on Related Services('ISRS') 4400 Engagements to achieve agreed procedures regarding financial information issued bythe International Federation of Accountants ("IFAC") and adopted by the CAFR and IFAC Code ofEthics.