Theoretical and Applied Economics
No. 2 / 2015 (603), Summer
Governance process improvement and development by audit consolitation
The Institute for World Economy, Romanian Academy, Bucharest
Abstract. The necessity of governance process improvement for reaching strategic objectives represents a condition in the given macroeconomic context for society’s development reforms continuation. Starting from the legal framework ruling audit activities and from the role of specialized structures within the Ministry of Finance whose purpose is “the carrying out of audit missions of national interest with multi-sectorial implications”, one can easily observe the permanent preoccupation for increasing and improving the quality of audit activities, fact which is also demonstrated and enforced by literature. The paper analyses using a holistic approach the audit system and its importance for the management accountability in organizations, especially of public ones. The analysis supports administration process optimization and contributes to the consolidation of (internal) audit activities within organizations.
The used research method is participative observation. This qualitative approach has a major role, by allowing the description and analysis of (internal) audit activities and the consolidation of its importance in the sustainable development of both the economy as well as the public administration by continuous improvement of governance processes. The results of the research will generate a set of conclusions about the importance of audit activities for the governance processes. Also, some propositions will be made, which help public audit fulfil the requirements of the Public Finance Ministry, and improve the governance and management of public entities.
Contents
Instruments and practices concerning the absorption and use of structural and cohesion funds in Romania
Foreign direct investment and income inequality in Central and Eastern Europe
Exports – trends and impacts on Romania’s economic growth process
Innovation and regional performance in Romania
A multidisciplinary approach of communication
The issue of “true” money in front of the BitCoin's offensive
Public choice and the social beneficiary
Stock market – economy growth nexus in an emerging country. The case of Romania
Determinants of savings in the APEC countries
The status of Romanian agriculture and some measures to take
Education and society: an institutional approach
Financial audit – feckless for economic re-launch
Empirical evidence on the Ricardian equivalence in Romania
Minimum wage – labour market rigidity factor
Regional convergence. Case of Romania
The exchange rate volatility in the Central and Eastern European Countries
A study of the impossible trinity in Romania
Governance process improvement and development by audit consolitation
Analysis of the evolution of foreign direct investment in the European Union, amid the global economic crisis
Types of international cooperation at the local level Bucharest city hall case study
Short-run determinants of the USD/PLN exchange rate and policy implications
The use of behavioral economics in promoting public policy
New paradigms imposed by the global financial crisis
Are financial audit elements and corporate governance policies solutions for the economic crisis?
The kids are alright? A note on parental satisfaction in Germany
Technological revolution, labor markets and income distribution in the knowledge economy
The effects of competition regulations on mobile telecommunication markets
National convergence policy in education. Case study Romania