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Roles And Responsibilities In The Proper Implementation And Functioning Of Internal Control Of Public Entities

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Listed:
  • HUSERAŞ Alin Teodor

    (Lucian Blaga University of Sibiu, Romania)

  • GRIGOROI Lilia

    (Academy of Economic Studies of Moldova)

Abstract

The notion of performance is associated with an ideology of progress, of always doing better. As far as the performance of public entities is concerned, this is harder to quantify than for example, the performance of a company. However, in order for the public sector not to face a budget deficit with inappropriate management or inappropriate resource use, internal control can help with solutions for improving its activities, solutions to reduce inefficient spending and ways to use resources as efficiently as possible. This paper attempts to capture the links and interfaces between the best known and current models that can help organizations to define, design, implement, and develop risk management and the internal control system. This is "The COSO Cube" model presented in 2013 in the COSO Framework & SOX Compliance paper and the "THREE LINES OF DEFENSE IN EFFECTIVE RISK MANAGEMENT AND CONTROL" presented by The Institute of Internal Auditors in January 2013.

Suggested Citation

  • HUSERAŞ Alin Teodor & GRIGOROI Lilia, 2019. "Roles And Responsibilities In The Proper Implementation And Functioning Of Internal Control Of Public Entities," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 71(1), pages 51-67, March.
    • Handle: RePEc:blg:reveco:v:71:y:2019:i:1:p:51-67
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/71106huseras&grigoroi.pdf
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    More about this item

    Keywords

    Performance; internal control; internal/external public audit; efficiency; economics;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • H89 - Public Economics - - Miscellaneous Issues - - - Other
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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