FUNCTIONALITY OF THE THREE LINES OF DEFENSE MODEL IN THE CASE OF PUBLIC FINANCIAL AUDIT IN THE REPUBLIC OF MOLDOVA

Abstract

Both, the alignment with the European vector of development, as well as the new challenges and demands made by the public to the public authorities determine the need to take over and adapt some effective mechanisms of public governance in the Republic of Moldova. Among them, the model of the Three Lines of Defence that forms the analytical framework for the integrated approach to internal public financial control and external public audit stands out. This article, applying specific research methods, first of all, the examination of national legislation and international practice, aims to achieve the specifics of the model of the Three Lines of Defence in the public institutions of the Republic of Moldova, identifying the most pronounced constraints and problems in its operation. In order for the monitoring of the activity of public institutions in the Republic of Moldova to be effective, it is necessary to develop and apply an integrated approach to internal control and public external audit.

Keywords

• public audit
• public financial control
• court of auditors
• three lines of defence
• public institution
• public governance