Dimensions of Financial Audit in Romania and Spain

The main objective of this paper is to realize a comparative study regarding the theory and practice of financial audit in Ro mania and Spain. To achieve this goal, we performed a documentary research of the main papers in this area and of the applicable regulations research that allowed us to identify convergences and differences as concerns the financial audit in Romania and Spain. There are many divergences, on different levels: the perimeter of regulations, the conditions for becoming a financial auditor, but also regarding the evolution of the financial audit markets, the mandatory limits for auditing the financial statements, etc. Although Spain has a longer tradition in the area of financial audit, in Romania, there were also conducted financial audit missions in accordance with the international audit standards since the recognition of this activity, in 1999