Audits: The Silver Bullet to Transform an Entire Economy. Why Romania needs an audit revolution? Romania is a country with many challenges and opportunities, but also with many problems and inefficiencies. One of the main sources of these problems is the lack of transparency and accountability in the public and private sectors. Corruption, fraud, mismanagement, waste and abuse of power are rampant and undermine the trust and confidence of the citizens, investors and partners. How can Romania address these issues and improve its governance, performance and reputation? One possible solution is to adopt a culture of audit, based on the principles of independence, professionalism, integrity and quality. Audit is not only a tool for compliance and control, but also for improvement and innovation. Audit can help identify and prevent risks, detect and correct errors, improve processes and systems, enhance efficiency and effectiveness, and provide assurance and credibility. However, not a...
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