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

Jadranka Mrsik, Tome Nenovski () and Sanja Radenkovic
Additional contact information
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
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.tjeb.ro/index.php/tjeb/article/download ... vol9-iss2-art1-81-94 (application/pdf)
http://www.tjeb.ro/index.php/tjeb/article/view/TJEB9-2-81to94 (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:wun:timjeb:tjeb:v09:y2016:i02:a01

Ordering information: This journal article can be ordered from
16 J. H. Pestalozzi Street, 300115 Timisoara Romania
http://www.tjeb.ro

Access Statistics for this article

Timisoara Journal of Economics and Business is currently edited by Mihaela Neamtu and Camelia Margea

More articles in Timisoara Journal of Economics and Business from West University of Timisoara, Romania, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Romeo Margea ().