THE ROMANIAN COURT OF ACCOUNTS, TRADITION AND ACTUALITY
THE ROMANIAN COURT OF ACCOUNTS, TRADITION AND ACTUALITY

Summary/Abstract: This article is an analysis of the financial control/audit activity organization and conduct in Romania, al the level of the Romanian Court of Accounts as of set up date and until now. The financial control/audit activity is conducted by virtue of the right of society to have the fundamental general interest defended. The necessity to organize and conduct financial control results from the fact that financial resources established and available to public administration belong to the overall society. Society is directly interested to ensure financial resources for the common needs, as well as their allotment in relation to priorities set by competent bodies for the use of public funds with maximum economic and social efficiency, harmonizing interests, sizing financial resources and, last but not least, their orientation towards various programmed destinations. In Romania, the institution habilitated based on legal provisions to implement the above mentioned object is the Romanian Court of Accounts.

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