{"id":9967,"date":"2025-05-29T20:47:03","date_gmt":"2025-05-29T20:47:03","guid":{"rendered":"https:\/\/revista.isfin.ro\/?p=9967"},"modified":"2025-12-18T16:01:11","modified_gmt":"2025-12-18T16:01:11","slug":"optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas","status":"publish","type":"post","link":"https:\/\/revista.isfin.ro\/en\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/","title":{"rendered":"OPTIMIZING AUDITORS’ DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS"},"content":{"rendered":"
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Author: Nicolai Russu<\/p>

Vol. 10 \u2022 Special Issue \u2022 2025<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tView abstract PDF\t\t\t\t\t<\/a>\n\t\t\t\t<\/h6>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tView article PDF\t\t\t\t\t<\/a>\n\t\t\t\t<\/h6>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Abstract<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

The audit of financial liabilities is an essential process for verifying the transparency and reliability of financial statements, with the objective of rigorously analysing how financial statements are recognized, measured and presented within entities. However, factors such as the existence of conflicts of interest, lack of professional due diligence, economic pressures and ineffective internal controls can lead to ethical dilemmas that influence audit quality. This research investigates the ethical challenges specific to the audit of financial liabilities based on the provisions of International Standards on Auditing and National Accounting Standards. The study combines a theoretical and applied perspective, based on a critical literature review and examination of relevant case studies from financial audit practice and interviews with professional auditors, designed to provide a thorough understanding of the difficulties encountered in applying audit procedures. The findings of this study highlight the complex interplay between risk factors and the effectiveness of audit procedures applied at each stage of the audit. The results highlight that a systematic and adaptive implementation of these procedures can mitigate ethical risks and strengthen the reliability of financial statements. On this basis, the research develops a theoretical conceptual model that incorporates the ethical dimension into the audit framework, contributing to strengthening the professional independence of auditors and enhancing the confidence of users of financial information.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Keywords: <\/strong>audit of financial liabilities, audit procedure, audit quality, decision-making process, ethical dilemma, International Standards on Auditing, risk factors.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

JEL Classification:<\/strong> M42.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

DOI: <\/strong>10.55654\/JFS.2025.10.SP.25<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t
\n\n \n\n
\n\n \n BACK<\/span>\n\n <\/div>\n <\/a>\n <\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Author: Nicolai Russu Vol. 10 \u2022 Special Issue \u2022 2025 View abstract PDF View article PDF Abstract The audit of financial liabilities is an essential process for verifying the transparency and reliability of financial statements, with the objective of rigorously analysing how financial statements are recognized, measured and presented within entities. However, factors such as …<\/p>\n

OPTIMIZING AUDITORS’ DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS<\/span> Read More »<\/a><\/p>","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[185],"tags":[],"yoast_head":"OPTIMIZING AUDITORS' DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS - Revista de Studii Financiare<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/revista.isfin.ro\/en\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPTIMIZING AUDITORS' DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS - Revista de Studii Financiare\" \/>\n<meta property=\"og:description\" content=\"Author: Nicolai Russu Vol. 10 \u2022 Special Issue \u2022 2025 View abstract PDF View article PDF Abstract The audit of financial liabilities is an essential process for verifying the transparency and reliability of financial statements, with the objective of rigorously analysing how financial statements are recognized, measured and presented within entities. However, factors such as … OPTIMIZING AUDITORS’ DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/revista.isfin.ro\/en\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/\" \/>\n<meta property=\"og:site_name\" content=\"Revista de Studii Financiare\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-29T20:47:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-18T16:01:11+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ri_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/revista.isfin.ro\/#website\",\"url\":\"https:\/\/revista.isfin.ro\/\",\"name\":\"Revista de Studii Financiare\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/revista.isfin.ro\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/#webpage\",\"url\":\"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/\",\"name\":\"OPTIMIZING AUDITORS' DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS - Revista de Studii Financiare\",\"isPartOf\":{\"@id\":\"https:\/\/revista.isfin.ro\/#website\"},\"datePublished\":\"2025-05-29T20:47:03+00:00\",\"dateModified\":\"2025-12-18T16:01:11+00:00\",\"author\":{\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\"},\"breadcrumb\":{\"@id\":\"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Prima pagin\\u0103\",\"item\":\"https:\/\/revista.isfin.ro\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OPTIMIZING AUDITORS’ DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\",\"name\":\"ri_admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/revista.isfin.ro\/#personlogo\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g\",\"caption\":\"ri_admin\"},\"sameAs\":[\"http:\/\/Revista%20ISFIN\"],\"url\":\"https:\/\/revista.isfin.ro\/en\/author\/ri_admin\/\"}]}<\/script>","yoast_head_json":{"title":"OPTIMIZING AUDITORS' DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS - Revista de Studii Financiare","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/revista.isfin.ro\/en\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/","og_locale":"en_GB","og_type":"article","og_title":"OPTIMIZING AUDITORS' DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS - Revista de Studii Financiare","og_description":"Author: Nicolai Russu Vol. 10 \u2022 Special Issue \u2022 2025 View abstract PDF View article PDF Abstract The audit of financial liabilities is an essential process for verifying the transparency and reliability of financial statements, with the objective of rigorously analysing how financial statements are recognized, measured and presented within entities. However, factors such as … OPTIMIZING AUDITORS’ DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS Read More »","og_url":"https:\/\/revista.isfin.ro\/en\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/","og_site_name":"Revista de Studii Financiare","article_published_time":"2025-05-29T20:47:03+00:00","article_modified_time":"2025-12-18T16:01:11+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ri_admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/revista.isfin.ro\/#website","url":"https:\/\/revista.isfin.ro\/","name":"Revista de Studii Financiare","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/revista.isfin.ro\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/#webpage","url":"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/","name":"OPTIMIZING AUDITORS' DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS - Revista de Studii Financiare","isPartOf":{"@id":"https:\/\/revista.isfin.ro\/#website"},"datePublished":"2025-05-29T20:47:03+00:00","dateModified":"2025-12-18T16:01:11+00:00","author":{"@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c"},"breadcrumb":{"@id":"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/revista.isfin.ro\/2025\/05\/29\/optimizing-auditors-decision-making-in-assessing-financial-liability-risks-and-managing-ethical-dilemmas\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Prima pagin\u0103","item":"https:\/\/revista.isfin.ro\/"},{"@type":"ListItem","position":2,"name":"OPTIMIZING AUDITORS’ DECISION-MAKING IN ASSESSING FINANCIAL LIABILITY RISKS AND MANAGING ETHICAL DILEMMAS"}]},{"@type":"Person","@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c","name":"ri_admin","image":{"@type":"ImageObject","@id":"https:\/\/revista.isfin.ro\/#personlogo","inLanguage":"en-GB","url":"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g","caption":"ri_admin"},"sameAs":["http:\/\/Revista%20ISFIN"],"url":"https:\/\/revista.isfin.ro\/en\/author\/ri_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/9967"}],"collection":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/comments?post=9967"}],"version-history":[{"count":22,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/9967\/revisions"}],"predecessor-version":[{"id":10907,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/9967\/revisions\/10907"}],"wp:attachment":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/media?parent=9967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/categories?post=9967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/tags?post=9967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}