E-Knjižnica FET "Dr. Mijo Mirković"

Internal audit and control trends in the public sector of transition countries

Dragija, Martina and Vašiček, Vesna and Hladika, Mirjana (2011) Internal audit and control trends in the public sector of transition countries. In: The 5th International Scientific Conference "Entrepreneurship and Macroeconomic Management: Reflections on the World in Turmoil".

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The need for effective and efficient management in public sector has led to increased role of internal audit and control. Performance budgeting, accrual accounting and accountability for results require different type of audit and control than in the past. Internal audit and control in modern conditions demand more than reconciliation with the normative framework. Therefore, it is necessary to move towars controlling and auditing for results. Thereby, improvement of internal audit and internal control systems is crucial to help public managers in achieving results and make government management more efficient and effective. In order to achieve noted goals, it is necessary to implement Public Internal Financial Control (PIFC) in government entities. PIFC is set of principles internal financial controls system established for the purpose of controlling, auditing, supervising of the use of national budget and European Union budget and funds, but the goals and purpose of PIFC can be set up broader. General goals include performing business activities in a correct, ethic, economic, efficient and effective way; conformity of business with legislative framework; protection of assets and other resources from losses caused by bad governance, unjustified using and discontinuity and fraud; strengthening accountability for the successful realization of the tasks; and timeliness financial reporting and monitoring operating results. PIFC must be understood as completed and consolidated system of internal supervision that includes both internal audit and internal control. This paper aims to examine current practice and trends in developing internal audit and control in the public sector of selected transition countries: Croatia, Slovenia, Serbia and Bosnia and Herzegovina. Precisely, we will give comparison of main characteristics of internal audit and internal control in selected countries. The primary focus will be on the following parameters: types of internal audit and internal control, human resources, legislative framework and systems of funding. The main result of this paper will be to highlight the current situation in developing internal audit and internal control in selected countries and distinguishing certain similarities and differences that are significant for further development of internal supervision in these countries.

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Tip objekta: Materijal konferencije ili radionice (Paper)
Dodatne informacije: 5/2011
Ključni pojmovi: public sector, internal audit and control, transition countries, public management
Teme: 6 Tehnologija (primijenjene znanosti) > 65 Menadžment i organizacija industrije, trgovine i komunikacija > 657 Računovodstvo
Odjeli: Odjel za ekonomiju i turizam "Dr. Mijo Mirković"
Datum pohrane: 08 Jan 2013 07:14
Zadnja promjena: 08 Jan 2013 07:14
URI: http://eknjiznica.unipu.hr/id/eprint/1762

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