 ENSURING THE LEGALITY AND PERFORMANCE IN USING PUBLIC FUNDSFlorina-Maria Bobeş
Romanian Economic Business Review, 2012, vol. 7, issue 1, 40-49 Abstract: At this stage, when the public entities are promoting the efficiency criterion, any public entity leader is interested to operatively know how the available public funds are being managed so as to achieve maximum results with lowest costs. This knowledge can not be achieved without the contribution of the internal audit, an activity that provides important information regarding the financial management and the heritage state, thereby contributing to achieving the objectives of the institution. The external public audit work done by the Court of Accounts, as the supreme audit institution in our country, is essential for ensuring accountability on the management of public funds. The responsibility for using the public money under legal and performance conditions is, of course, entitled to the officers of public budgets, but the public audit is the one that assesses the financial management of the entities and that issues recommendations that stay behind taking managerial decisions aimed at a better use of the funds. Keywords: public funds; public audit; performance audit; legality (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:7:y:2012:i:1:p:40-49 Access Statistics for this article More articles in Romanian Economic Business Review from Romanian-American University Contact information at EDIRC. |
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