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Court Of Auditors - The Assessment Of Internal Control System In The Public Sector In Romania. Case Study Bihor County

Author

Listed:
  • Gherai Dana Simona

    () (Universitatea din Oradea, Stiinte Economice)

  • Tara Ioan Gheorghe

    () (Universitatea din Oradea, Stiinte Economice)

Abstract

Since resources in the public sector generally represent public money and their use in the public interest generally requires special care, the significance of safeguarding resources in the public sector needs to be underlined. The public romanian sector is characterized by an descendant trend of public resources, limitation of expenses and new risks horizons, this is way the ability to anticipate threats or opportunities is the most important objective of internal control sistem. The internal control is a dynamic process which continuously adjusts to the changes faced by an entity, with the direct involvement of the management and staff at all levels of the organization, to identify and address risks and to resonably ensure that the entities\' mission and the general objectives have been fulfilled. Regardless of the nature or the size of entities, the efforts given by the application of internal control are much related to the implementation of good practices, monitoring, evaluation, adaptation and updating of their implementation. Which is the level and the current state of the system of internal control in the Romanian system? Do we understand and respect the notion of Public Internal Financial Control? To all these questions we try to answer in this paper, primarily through the presentation of general principles and objectives of the internal control and analysis of the report to the Bihor Board of Auditors for the year 2010. As a result of the study, a number of flaws and errors revealed, both of organization and coordination, in order to be able tooffer some measures of solving the developed.

Suggested Citation

  • Gherai Dana Simona & Tara Ioan Gheorghe, 2012. "Court Of Auditors - The Assessment Of Internal Control System In The Public Sector In Romania. Case Study Bihor County," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 925-930, July.
  • Handle: RePEc:ora:journl:v:1:y:2012:i:1:p:925-930
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n1/134.pdf
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    More about this item

    Keywords

    external public audit; internal control; public sector; risk;

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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