DOI: 10.36347/sjebm.2015.v02i08.0016

Pages: 889-893

This paper aims to present two complex selection techniques in financial auditing - the technique of testing systems and significant accounts, along with the ttechnique of examination of financial statements. Accounting and internal control systems need to be tested regularly and the financial auditor's work simply could not be performed without it. Furthermore, controls of the annual accounts (balance sheet, income statement and annexes) allow the auditor to obtain reliable information on which to draw conclusions about the company. Our main objective is to stress the importance of such selection techniques in the financial auditor's work, as well as to present basic guidelines for their use, their most important characteristics, the auditor's objectives and the use of analytical examination to achieve goals. The auditor aims to understand the accounting and internal control of the customer, to be informed of how these systems are designed and the way they operate. The financial auditor also needs to make sure the financial statements agree with current regulations and contain true information.