Financial Accountability as a Condition for EU Memebership
Financial Accountability as a Condition for EU Memebership

Author(s): Aleksandra Rabrenović
Subject(s): Economy, National Economy, Supranational / Global Economy, EU-Approach / EU-Accession / EU-Development, Financial Markets, Socio-Economic Research, EU-Legislation
Published by: Institut za uporedno pravo
Keywords: Financial Accountability; EU Membership; Public Expenditure; Audit and Control Mechanisms; Serbian Reform
Summary/Abstract: The study Financial Accountability as a Condition for EU Membership appears before readers at the right time. The global economic crisis which we are currently attempting to overcome has shed strong light on this field. Assessment of a significant part of the American public, cited by Holzer and Callahan, that „the US public administration is a generalised failure and danger“ – is still valid in many other countries. This opinion is formed primarily because of inappropriate and often extravagant management of public expenditure. Effective budget control not only substantially reduces state expenses but also has a direct impact on genuine, public administration reform. The author has made an important research endeavour with ease and surprisingly elegant style. A careful reader notices similarities and differences between the financial accountability systems of the United Kingdom, France and Serbia, and understands the essence of the European Union’s eclectic system. The obvious objective of the author has been accomplished: to introduce our professional and scientific audience with systems of financial accountability in other countries and in the European Union in a clear manner. Not less important are the proposed normative and organisational recommendations which should have an impact on the financial discipline in Serbia.

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