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Managerial Accountability – a Key Factor in the Implementation of Internal Control Systems

Author

Listed:
  • Elena Doina Dascãlu

    (”Spiru Haret” University, The Faculty of Economics)

  • Laura Nasta

    (Bucharest University of Economic Studies, Doctoral School in Economics)

Abstract

Internal/managerial control is a key instrument for the implementation and development of managerial accountability in the public sector. The INTOSAI Subcommittee issued, in 1992, the ”Guidelines for Internal Control Standards for the Public Sector” (INTOSAI GOV 9100), defining a control framework in this sector and ensuring an objective criterion to assess public entities’ internal/managerial control systems adequacy and functionality. In this perspective, the article introduces a series of conclusions of the authors, devolving from the results of a research conducted at INTOSAI level, on public sector internal/managerial control, as well as relating to the model of the three defence lines (- operational management, - risk and compliance management, - internal audit) which aims at enhancing the way risk management and internal control are understood, by delimiting and clarifying roles and competences.

Suggested Citation

  • Elena Doina Dascãlu & Laura Nasta, 2015. "Managerial Accountability – a Key Factor in the Implementation of Internal Control Systems," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 229-235, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:229-235
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    More about this item

    Keywords

    managerial internal control system; managerial accountability; risk management and control; three lines of defence model;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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