Modern Risk Management Strategies for the Romanian State Treasury

Dorin Cosma and Octavian Cosma

MPRA Paper from University Library of Munich, Germany

Abstract: This paper is exploring the introduction and modernization of corporative governance in public institutions, specifically in the Romanian State Treasury, by standardizing the risk evaluation in audit (RBIA). The authors are considering that achieving results in the country's progress is impossible by only implementing imported external solutions - for optimal results adjustments to internal and external historical characteristics and local interests are required. This requirement is reinforced by analyzing the economical devlopments that have taken place during the last 20 years (since migrating the economy from a centralized state to free markets), which also supports the authors' premise that further significant development is possible if the proper methods are put in place.

Keywords: governance; risk; evaluation; management; audit; analysis (search for similar items in EconPapers)
JEL-codes: B40 C10 D81 G32 G38 H83 (search for similar items in EconPapers)
Date: 2009-11-10, Revised 2009-11-23
New Economics Papers: this item is included in nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20425

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