GLOBALIZATION OF FINANCIAL AND AUDITING SERVICES- FINANCIAL IMPLICATIONS FOR ROMANIAN COMPANIES

The scope of this paper is to provide insights into the financial globalization phenomenon that we are currently witnessing. We shall focus on presenting the results of a study performed on a set of Romanian companies, with the intention to identify the main influencing factors and the costs of financial globalization in Romania. The study performed on the Romanian companies will approach different signs of globalization, such as international stock exchange listing, the obtaining of foreign loans or the engaging in foreign financial investments, the degree of foreign investors control of the company capital, the preparation of reports under IFRS/GAAP.