THE RELATIONSHIP BETWEEN THE QUALITY OF EXTERNAL AUDIT AND THE FINANCIAL PERFORMANCE, THE ASSET QUALITY AND THE SOLVENCY OF BANKS FROM ROMANIA

The audit function plays a key role in the corporate mechanism, particularly through value addition provided the governance process, so who, over time, this issue was discussed in a series of assiduous studies and analysis on information transparency at the company level. The purpose of this article is to provide an analysis of possible relationships between external audit quality (assessed by membership the Big Four) and financial performance, asset quality and solvency of the banking system in Romania. Thus, we tried to find answers substantiated by empirical analysis results to the questions: "Influences and if so then what affect your performance affects the quality of external audit in the banking system? How is the quality of the external audit capital gains recorded in the credit institutions? " In order to test the hypotheses formulated, the research methodology used is predominantly quantitative, based on a statistical analysis deductive, whose starting point agency theory, aimed at testing and possible cause-effect links, and also deals significance level thereof.