Audit in S. Tome and Principe: actual situation and future perspective

• Autor(a) principal: Cruz, Adelino Lopes de Ceita da Vera
• Data de Publicação: 2012
• Outros Autores: Inácio, Helena Coelho
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: https://doi.org/10.34624/ei.v0i4.6280

S. Tome and Principe has no securities market, but has a growing business sector. It should be noted, too, the development of tourism in recent years, and future prospects of oil extraction, construction of a deep-water port and the creation of free zones.Thus, the relevance of the financial audit as an essential factor for information credibility presents itself also as one of the ways of attracting investment, creating conditions for economic and social development.there was stagnation in private sector audit development, after the auditing profession legislation. Being that there is need for reform of the law that gave rise to the exercise of financial audit and, consequently, the institutionalization of the profession.Aiming to assess the importance attached to the audit we have done a questionnaire to Chief Financial in S. Tome and Principe firms. The results showed that the activity is underdeveloped. However, about half of the companies surveyed audit their accounts, and of those, half do it voluntarily. They also recognize advantages on financial audit existence. We concluded that there are conditions that provide the evolution of the financial audit in S. Tome and Principe.