Summary: | Given the current economic uncertainties in the capital market, there is a heightened need for
quality audit engagements to maintain the credibility of financial statements and the trust of users.
In these circumstances, it is important to use the best practices in order to carry out quality audit
engagements, in accordance with professional standards. Aligned with the global push for
accounting harmonization through IFRS adoption, our study evaluates how implementing IFRS
impacts financial audit quality, focusing on auditor opinions and key audit matters. The research
was carried out on a sample of companies listed on the Bucharest Stock Exchange, both in the main
and AeRO segments, whose annual reports were studied for the period 2016-2022. Preliminary
results reveal that the application of IFRS has a significant influence on the quality of financial audit
in Romania in terms of audit opinion and key audit matters.
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