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Assessment of Adequate Use of Public Funds and Ensuring Institutional Performance

Author

Listed:
  • Adriana Alina Spatariu

    (National University of Political Studies and Public Administration)

Abstract

In this paper I intend to present the Supreme Audit Institution’s involvement efforts, through specific mechanisms, for the proper use of public resources at the level of public administration entities. Through the use of qualitative methods of document analysis, in conjunction with the descriptive case study, we identified the link between the specific aspects of the study unit and the advanced theory, providing an overview of the evolution of auditing entities in Romania, in the period 2015-2020, to understand how external public audit contributes to respect the principles of efficiency, effectiveness and economicity in the use of public funds and to ensure institutional performance. The results of the research highlight the need to improve the audit system in the public administration of Romania, in order to impact good financial management at the level of public entities, by properly applying the principles of economicity, effectiveness and efficiency in the use of public funds and in the management of public assets, a conclusion supported by audit reports, documents and regulations published by competent bodies.

Suggested Citation

  • Adriana Alina Spatariu, 2021. "Assessment of Adequate Use of Public Funds and Ensuring Institutional Performance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 512-519, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:512-519
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    References listed on IDEAS

    as
    1. Elisa Bonollo, 2019. "Measuring supreme audit institutions’ outcomes: current literature and future insights," Public Money & Management, Taylor & Francis Journals, vol. 39(7), pages 468-477, October.
    2. Cristina-Petrina Drăgușin (Trincu-Drăgușin) & Ileana Cosmina Pitulice & Aurelia Ștefănescu, 2021. "Harmonisation and Emergence Concerning the Performance Audit of the EU Member States’ Public Sector. Romania’s Case," Sustainability, MDPI, vol. 13(7), pages 1-18, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    efficiency; economy; effectiveness; external audit;
    All these keywords.

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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