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Internal Controls in Local Governments

Author

Listed:
  • Benedek, Mária
  • Tubak Szenténé, Klára
  • Béres, Dániel

Abstract

The State Audit Office of Hungary has audited 100 local governments in 2012 and 2013 as for the development of internal controls - the aim of this study is to highlight the main deficiencies. According to the findings, the content of the organizational and operational rule is not properly specified in the 84% of the audited local governments. Besides, the lack of, or inadequate content of other control environment elements typifies almost 20% of the examined local governments. Therefore, the complex control elements such as risk management and monitoring that are based on the basic control components (control environment) are functioning inappropriately (more than 80% of the cases). Satisfactory functioning of internal controls of local governments should be enhanced by identifying and distributing the best practices.

Suggested Citation

  • Benedek, Mária & Tubak Szenténé, Klára & Béres, Dániel, 2014. "Internal Controls in Local Governments," Public Finance Quarterly, Corvinus University of Budapest, vol. 59(3), pages 296-309.
    • Handle: RePEc:pfq:journl:v:59:y:2014:i:3:p:296-309
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    File URL: https://unipub.lib.uni-corvinus.hu/8876/
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    More about this item

    Keywords

    local governments; municipalities; internal control; control element; control model;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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