An audit can be performed by either the organization's own specialists (internal audit) or by third-party audit firms commissioned by the company (independent audit).
The document harmonizes national practice with European standards, protects the interests of investors, and describes rules for public interest entities.
The law defines the rights, obligations, and requirements for independent auditors and audit firms, and regulates the work of the Public Audit Oversight Council.
According to Accounting Law No. 287/2017, large and medium-sized companies (e.g., joint-stock companies, as well as enterprises exceeding established limits on assets, revenue, and number of employees) are subject to mandatory audit.
Public Interest Entities: These include banks, insurance companies, investment funds, and companies listed on the stock exchange.In Moldova, the activities of IT parks are regulated by Law No. 77/2016 on Information Technology Parks.
According to Moldovan legislation, all Moldova IT Park residents are required to undergo an annual financial statement audit. This is necessary to confirm that the company complies with tax incentives, correctly applies the single tax regime (7%), and maintains accounting records in accordance with standards.
Key stages of an audit:
A non-profit, autonomous, non-governmental organization of public interest, the purpose of which is to coordinate the activities of qualified specialists in the field of accounting and auditing, and to promote the management of the accounting profession in the Republic of Moldova.
What it does: Training, professional development, and international certification of accountants (CAP and CIPA programs), as well as protecting the interests of the profession.
More information about training and examinations can be found on the "Training" page of the ACAP Moldova website.
A professional, autonomous, non-profit, and self-governing organization created by the free will of auditors, audit firms, and individual auditors.
AFAM's mission is to develop the auditing profession, protect the rights and interests of auditors and audit firms, and improve the quality of audit services in the Republic of Moldova.
More information about auditor training can be found on the website of the Center for Professional Training of Auditors - CIPAM.
