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Internal Control Principles That Must Be Promoted In Public Sector Organisations

Author

Listed:
  • Mariana JOITA (LEAFU)

    (”Valahia” University of Targoviste, Romania)

  • Nicoleta Aura DRAGNEA (ALECSANDRESCU)

    (”Valahia” University of Targoviste, Romania)

Abstract

Management controls are a set of practices now recognized as one of the essential components of effective management in organizations of all sizes, both in the public and private sectors, around the world. Management controls can be succinctly defined as rules and procedures designed to ensure that government programs achieve their intended results, that the resources used to carry out these programs are consistent with the stated goals and objectives of the organizations concerned, that these programs are protected against waste, fraud and mismanagement, and that decision making is based on the timely collection, recording, communication and use of reliable information. Clearly, the existence of effective management controls is essential to the success and proper functioning of public administrations. They are both a safeguard against waste, abuse and fraud and a means of ensuring that the rules set by managers are correctly applied at all levels of the organisation.

Suggested Citation

  • Mariana JOITA (LEAFU) & Nicoleta Aura DRAGNEA (ALECSANDRESCU), 2022. "Internal Control Principles That Must Be Promoted In Public Sector Organisations," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(4), pages 205-212.
    • Handle: RePEc:brc:brccej:v:7:y:2022:i:4:p:205-212
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    References listed on IDEAS

    as
    1. Anna M. Costello & Regina Wittenberg‐Moerman*, 2011. "The Impact of Financial Reporting Quality on Debt Contracting: Evidence from Internal Control Weakness Reports," Journal of Accounting Research, Wiley Blackwell, vol. 49(1), pages 97-136, March.
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    More about this item

    Keywords

    internal control; management; organisation; manager;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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