EFFICIENT MANAGEMENT OF PUBLIC EXPENDITURE BY CONTROL AND AUDIT

Abstract

The alignment of the policies of the Republic of Moldova with the objectives on sustainable development promoted by the United Nations demonstrates the openness of our country to these issues. However, the data from the practical activity demonstrate a number of problems regarding public expenditures management. Having an essential role, the internal public financial control is analysed in more detail from the perspective of the internal managerial control system and the relations with the internal and external audit. Theoretical and regulatory information was exemplified on the basis of audit reports and Statements of Management Responsibility prepared by the Court of Auditors. In this perspective, the Court of Auditors' audit reports are examined to highlight these issues.

Keywords

• public expenditure management
• sustainable development objectives
• external audit
• management control systems
• public internal financial control