AUDITING THE PERFORMANCE OF A WINE FIRM

In a knowledge society, a company's economic and financial performance status is a stringent issue, becoming a barometer of a manager's arsenal of information that can help him in detecting the most effective practices. The performance audit is carried out through the three E's: the economic efficiency of administrative activities, the efficiency of the use of human and financial resources and the effectiveness of the achievements. A performance audit will focus on resources, achievements, results and impacts, as well as on the two pillars, namely financial and compliance audit. Companies in the field of wine-growing and not only should be evaluated taking into account their ability to provide reliable financial statements and to manage resources in accordance with the relevant regulations in force as well as to demonstrate the achievement of their objectives under conditions of efficiency and effectiveness. In this paper the authors try to combine the theoretical and practical elements regarding the achievement of a performance audit within a wine- growing company located in Iasi County.