The Role and Importance of Governance for the Public Sector. Case Study for Romania
The Role and Importance of Governance for the Public Sector. Case Study for Romania

Summary/Abstract: The development and modernization of public administration under restricted budgetary resources imposes a rigorous control on the spending of public funds. In this regard the modified law of internal public audit underlines the necessity for institutional governance in the public sector. The paper starts from these changes of the Romanian internal public audit law analyzing the relationship between audit and management, and the importance of governance in the public sector. The used method of research is based on the qualitative analysis of internal audit activities which are meant to add value to management processes in public entities. The originality of the paper consists in the qualitative study based on interpretative methods for understanding the effects of governance on management and audit. The conclusions of the study are presenting in the paper by a governance model for the public sector and can act as starting point for future research.

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