Vulnerabilities and Risks in Romanian Public Financial Accounting

Vulnerabilities and Risks in Romanian Public Financial Accounting

Blog Article

Internal audit plays an important contributive role in the economic credibility of flex 4 heartworm test an economy.By improving, the quality of internal audit and control in public institutions we can increase the efficiency of public spending and the whole economy in general.The aim of our paper is to identify the main vulnerabilities and risks in Romanian public sector after based upon the analysis performed by the Romanian Court of Accounts.

Based upon the annual reports of the Romanian Court of Accounts from 2009 to 2016, we identify several issues and risks in the Romanian public sector, and especially in the local government financial accounting.In order to prevent more deviations taylor te400 and errors and to improve the quality of internal auditing and internal control systems, in the Romanian public sector, this paper proposes a series of measures in this matter.