INTERNAL PUBLIC AUDIT – AN ANALYSIS OF THE ROMANIAN REALITY

Constantin Strä‚puc () and Elena Hlaciuc ()
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Constantin Strä‚puc: "Ștefan cel Mare" University of Suceava, Romania
Elena Hlaciuc: "Ștefan cel Mare" University of Suceava, Romania

European Journal of Accounting, Finance & Business, 2023, vol. 11, issue 3, 31-39

Abstract: This paper is intended to be a photograph of the normative and institutional framework for the organization of internal public audit in public entities in Romania, the stage of implementation and the results obtained in fulfilling its function of support for the organization, by increasing the efficiency and effectiveness of risk management, internal control and governance processes.The investigative approach was carried out on three levels. A first level was represented by qualitative research in the field of internal public audit , by documenting the legislative framework, standards and guides of good practices, as well as the main opinions from the specialized literature. The second level materialized in a quantitative, empirical research on the implementation process and the current state of affairs of the internal public audit function in public entities, based on official data published by the Central Harmonization Unit for Internal Public Audit (CHUIPA) within the structure of the Ministry of Public Finance. On this occasion, the positive aspects were highlighted, but especially the weaknesses of the organization and implementation of the internal public audit function. Under these circumstances, a third level of research was approached, identifying the main causes of weaknesses, using the cause-effect diagram. Finally, conclusions and suggestions were made to overcome the shortcomings found.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ejafbu:v:11:y:2023:i:3:p:31-39

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