Governance process improvement and development by audit consolitation

Adelina DUMITRESCU Peculea
Additional contact information
Adelina DUMITRESCU Peculea: The Institute for World Economy, Romanian Academy, Bucharest

Theoretical and Applied Economics, 2015, vol. XXII, issue 2(603), Summer, 215-222

Abstract: The necessity of governance process improvement for reaching strategic objectives represents a condition in the given macroeconomic context for society’s development reforms continuation. Starting from the legal framework ruling audit activities and from the role of specialized structures within the Ministry of Finance whose purpose is “the carrying out of audit missions of national interest with multi-sectorial implications”, one can easily observe the permanent preoccupation for increasing and improving the quality of audit activities, fact which is also demonstrated and enforced by literature. The paper analyses using a holistic approach the audit system and its importance for the management accountability in organizations, especially of public ones. The analysis supports administration process optimization and contributes to the consolidation of (internal) audit activities within organizations. The used research method is participative observation. This qualitative approach has a major role, by allowing the description and analysis of (internal) audit activities and the consolidation of its importance in the sustainable development of both the economy as well as the public administration by continuous improvement of governance processes. The results of the research will generate a set of conclusions about the importance of audit activities for the governance processes. Also, some propositions will be made, which help public audit fulfil the requirements of the Public Finance Ministry, and improve the governance and management of public entities.

Keywords: audit consolidation; governance processes; strategy and sustainable development. (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/1096.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1096&rid=119 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:2(603):p:215-222

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().