INTERNAL CONTROL IN ROMANIA MALFUNCTIONS – PERSPECTIVES
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Authors:
• Silvia Mihaela POPESCU , email: mihaela.popescu@gov.ro , Afiliation: Valahia University from Târgovişte
• Dănuț Petrișor GRUIA, email: gruia.petrisor@yahoo.it , Afiliation: Valahia University from TârgoviştePages:
• 70|78 -
Keywords: internal control, management, entity, risks
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Abstract:
The phrase "internal control" highlights the responsibility of all hierarchical levels for the management of all internal processes carried out to achieve the general and specific objectives. The implementation and development of a solid internal control system is a time-consuming process adapted to the legislation, organizational, personnel, financing etc. of each individual public entity and which requires significant efforts from the entire staff of the entity and, in particular, from the employees with leading positions. The internal control system of any public entity operates with a variety of procedures, means, actions, provisions that address all aspects of the entity's activities, being established and implemented by the entity's management in order to have good control over the entity’s activity as a whole as well as over each activity / operation.
