Email this article 
Hide
Show all
THE FINANCIAL IMPACT OF SAIS’ ACTIVITIES ON THE PUBLIC SECTOR’S RESOURCES. THE CASE OF ROMANIA
Abstract
Supreme audit institutions are key actors in ensuring, through their specific external public audit activities, the accountability for public resources’ management. Their goals are defined by each state’s constitution and generally entail examining and reporting on the lawful, efficient, effective and economical use of public finances and assets. Since SAIs must continuously strive to demonstrate their added value to stakeholders, while also providing an institutional model beyond reproach, quantifying their impact on public finances is of the utmost importance both for SAIs and the entire society. The research aims to analyze the regulatory and reporting framework of the Romanian Court of Accounts from the audit results indicators standpoint, providing a correlational analysis with certain intrinsic and extrinsic variables. The research results are useful for both the professional and the socio-economic environment concerned with assuring the optimal management of public resources, providing insights into a result-based approach.
Keywords
References
Adams, K.A., Lawrence, E.K. (2018). Research Methods, Statistics, and Applications – Second Edition, SAGE Publishing.
Bonollo, E. (2019). Measuring supreme audit institutions? Outcomes: current literature and future insights. Public Money & Management, Vol. 39, Issue 7, p. 468-477.
Calu, D.A., Dumitru, M., Gușe, R.G., Pitulice, C.I., Ștefănescu, A., Țurlea, E. (2011). Coordinates of the Accounting in Romania. Historical and Current Perspectives. Ed. ALPHA MDN, Buzău.
Cordery, C.J., Hay, D. (2019), Supreme audit institutions and public value: Demonstrating relevance, Financial Accountability & Management, Volume 35, Issue 2, p. 128-142.
European Court of Auditors. Public audit in the European Union. Available online:
https://op.europa.eu/webpub/eca/book-state-audit/en/ (accessed on 10 April 2021).
Johnsen, A. (2019), Public sector audit in contemporary society: A short review and introduction, Financial Accountability & Management, 35(2), p. 121-127.
Johnsen, A., Reichborn-Kjennerud, K., Carrington, T., Jeppesen, K.K., Taro, K., Vakkuri, J. (2019). Supreme audit institutions in a high-impact context: A comparative analysis of performance audit in four Nordic countries, Financial Accountability & Management, Volume 35, Issue 2, p. 158-181.
Kontogeorga, G.N. (2019). Juggling between ex-ante and ex-post audit in Greece: A difficult transition to a new era. International Journal of Auditing, Vol. 23, Issue 1, pp. 86-94.
Marcu, N. (2018). Principles and Ethical Values in Public External Audit Activity. Current Issues in Corporate Social Responsibility. Springer International Publishing AG 2018, pp. 185-194.
Ministry of Regional Development and Public Administration, Income and expenses for territorial administrative units. Available online: http://www.dpfbl.mdrap.ro/sit_ven_si_chelt_uat.html (accessed on 15 March 2021)
Morin, D. (2008). Auditors general's universe revisited: An exploratory study of the influence they exert on public administration through their value for money audits, Managerial Auditing Journal, Vol. 23, No. 7, pp. 697-720.
Oțetea, A., Tița (Bătușaru), C.M., Ungureanu, M.A. (2015). The Performance Impact of the Supreme Audit Institutions on National Budgets. Great Britain and Romania Case – Comparative Study, 22nd International Economic Conference – IECS 2015 “Economic Prospects in the Context of Growing Global and Regional Independencies”, IECS 2015.
Parliament of Romania. Law no. 94/1992 on the organization and operation of the Romanian Court of Accounts, republished, with the subsequent amendments and additions.
Politt, C., Girre, X., Londsdale, J., Mul, R., Summa, H., Waerness, M. (1999). Performance or Compliance? Performance audit and public management in five countries, Oxford University Press, New York.
Reichborn-Kjennerud, K. (2014). Performance audit and the importance of the public debate, Evaluation, Volume 20, Issue 3, p. 368-385.
Reichborn-Kjennerud, K., Johnsen, A. (2018). Performance Audits and Supreme Audit Institutions’ Impact on Public Administration: The Case of the Office of the Auditor General in Norway, Administration & Society, Vol. 50(10), p. 1422-1446.
Romanian Court of Accounts – www.curteadeconturi.ro (accessed on 19 February 2021)
Romanian Court of Accounts. Regulation on the Organization and Conduct of the Court of Accounts’ Specific Activities as well as on the Resulting Documents Follow-Up, Bucharest, Romania, published in 2014, with the subsequent amendments and additions.
Romanian Court of Accounts. Local Public Finance Reports for 2019 (for each territorial structure). Available online: http://www.curteadeconturi.ro/Publicatii_locale.aspx?categ=3/1/2021%2010:52:00%20AM (accessed on 19 February 2021)
Romanian Court of Accounts. The Public Report for 2019. Available online: http://www.curteadeconturi.ro/Publicatii/Raportul%20public%20pe%20anul%202019.pdf (accessed on 21 February 2021)
Romanian Court of Accounts. The Public Report for 2018. Available online: http://www.curteadeconturi.ro/Publicatii/Raportul%20public%20pe%20anul%202018.pdf (accessed on 23 February 2021)
Romanian Court of Accounts. The Public Report for 2017. Available online: http://www.curteadeconturi.ro/Publicatii/Raportul%20public%20pe%20anul%202017.pdf (accessed on 25 February 2021)
Romanian Court of Accounts. The Public Report for 2016. Available online: http://www.curteadeconturi.ro/Publicatii/Raportul%20public%20pe%20anul%202016.pdf (accessed on 27 February 2021)
Romanian Court of Accounts. The Public Report for 2015. Available online: http://www.curteadeconturi.ro/Publicatii/Raportul%20public%20pe%20anul%202015.pdf (accessed on 28 February 2021)
Romanian Court of Accounts. The Public Report for 2014. Available online: http://www.curteadeconturi.ro/Publicatii/Raport_public_2014.pdf (accessed on 28 February 2021)
Romanian Court of Accounts. The Public Report for 2013. Available online: http://www.curteadeconturi.ro/Publicatii/Raport%20Public%202013.pdf (accessed on 2 March 2021)
Romanian Court of Accounts. Strategy on the institutional development of the Romanian Court of Accounts. Available online:
http://www.curteadeconturi.ro/Prezentare/STRATEGIA_RCC_2016_2020.pdf (accessed on 19 February 2021)
Torres, L., Yetano, A., Pina, V. (2019). Are Performance Audits Useful? A Comparison of EU Practices, Administration & Society, Volume 51, Issue 3, p. 431-462.
Umor, S., Zakaria, Z., Sulaiman, N.A. (2016). Follow-up Audit as an Accountability Mechanism of Public Sector Performance Auditing, 3rd International Conference on Accounting Studies (ICAS), 15-18 August 2016, Malaysia.
This work is licensed under a Creative Commons Attribution 3.0 License.