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European Funds And The Need For Audit Authority To Verify The Use Of These Funds


  • Gadau, Liana

    () (Spiru Haret, Facultatea de Management Financiar Contabil)


During 2007-2013, Romania will benefit from grants of around 28-30 billion euros from the European Union. Therefore, as a member of the European Union, Romania had urgent need for institutional structures in a body that is responsible for tracking and verifying the spending of these funds. Audit Authority is the only national authority to make external public audit, in accordance with Community and national law of the grant funds awarded through the pre-accession programs PHARE, ISPA, SAPARD, of the structural funds and cohesion, of the European Guarantee Fund in Agriculture, of the European Fund for Agriculture and Rural Development, of the European Fisheries Fund and the funds will be granted in Romania after accession. To start a business that is recommended to first do an analysis of opportunities, strengths and weaknesses, disadvantages which offers the investment. You can use various methods of analysis, example SWOT method. “In the SWOT analysis for Romanian SMEs, the authors enumerate, as weaknesses, the low rate of SMEs in accessing European funds (the SMEs have been inclined to obtain the funds allocated by the State).

Suggested Citation

  • Gadau, Liana, 2009. "European Funds And The Need For Audit Authority To Verify The Use Of These Funds," Papers 2009/92, Osterreichish-Rumanischer Akademischer Verein.
  • Handle: RePEc:ris:sphedp:2009_092

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    More about this item


    grants; Audit Authority; audit external public; structural funds and cohesion;

    JEL classification:

    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation


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