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State audit for strengthening the accountability in public funds management: Case of Republic of Macedonia

Jadranka Mrsik, Tome Nenovski () and Sanja Radenkovic
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Jadranka Mrsik: University American College Skopje, Republic of Macedonia
Sanja Radenkovic: Stopanska banka Ad Skopje, Skopje, Republic of Macedonia

Timisoara Journal of Economics and Business, 2016, vol. 9, issue 2, 81-94

Abstract: The aim of this paper is to analyze the role of the state audit in strengthening the accountability in managing the public funds. Appropriate and effective use of public funds ensures a healthy economic and financial management, as well as transparency, which leads towards a positive development of the society as a whole. We evaluated the operation of the state audit in Macedonia by analyzing the regularity audit performed on five state institutions from 2010 to 2014 and we compared the results with the state audits in two neighboring countries. Our findings suggest weaknesses in the use of public money by the institutions covered by this analysis and in the operation of the State Audit Office. The research will help in increasing the public awareness about the necessity of responsible management in the public sector.

Keywords: State audit; Public funds management; Supreme audit institution; Accountability; Republic of Macedonia. (search for similar items in EconPapers)
Date: 2016
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