Abstract
‘Public sector accounting, auditing and control in Romania’ by Adriana Tiron-Tudor presents a comprehensive overview of the organization of the country, its territorial structure and central and local government financing, to be proceeded with concise insights on the processes referring to formulation and execution of central government and local and regional self-government budgets. Special attention is given to an up-to-date description of accounting and financial reporting methodology and on audit and other oversight (supervision) practice. The chapter concludes with the notion of challenges and future development paths in public sector accounting and auditing in Romania that this EU country is likely to face with, where special attention is given to the challenge regarding transition to IPSAS/EPSAS.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
Notes
- 1.
The Official Gazette of Romania (“Monitorul Oficial al Romaniei”) is the official legal publication of the Romanian State, and it is available at: http://www.monitoruloficial.ro/?lang=hu.
- 2.
The order refers to the execution of the income and expenditure budget of the autonomous public institutions, of the public institutions financed entirely or partially by their revenues and by the activities which are wholly funded from their revenues.
- 3.
The Order regards the approval of the Methodological policies regarding the organizing and management of the accounting of public institutions, Accounts plan for public institutions and application instructions.
- 4.
The Ordinance refers to the re-evaluation of the fixed assets belonging to public institutions.
- 5.
The Order refers to the Methodological Norms on the revaluation and depreciation of the fixed assets in the patrimony of public institutions.
References
Anghelache, G., Panait, M., & Marinescu, R. (2017, January). Analysis Model of Financial Placements and Budget Execution of Romania in 2016. Romanian Statistical Review Supplement, Romanian Statistical Review, 65(1), 93–105.
Cioban, A. N., Hlaciuc, E., & Zaiceanu, A. M. (2015). The Impact and Results of the Internal Audit Activity Exercised in the Public Sector in Romania. Procedia Economics and Finance, 32, 394–399.
Council Directive 2011/85/EU on Requirements for Budgetary Frameworks of the Member States. Official Journal of the European Union L306/41.
Dascălu, E. D. (2016). Model for Dimensioning the Audit Structures in the Public Sector. Audit Financiar, 14(140), 909–917.
Dascalu, E. D., Marcu, N., & Hurjui, I. (2016). Performance Management and Monitoring of Internal Audit for the Public Sector in Romania. Amfiteatru Economic Journal, 18(43), 691–706.
Dima, B. (2009). Structură bicamerală sau unicamerală pentru Parlamentul României? Revista de Drept Public, Nr. 3.
Lazăr, D. T., & Inceu, A. M. (2004). Bugetul Funcţional (Line – Item Budget) şi Metoda Buget Bază Zero (Zero Base Budgeting – ZBB). Revista Transilvană de Ştiinţe Administrative, 2(11), 86–91.
Muraru, I., & Constantinescu, M. (2005). Drept parlamentar românesc. Bucureşti: Editura All Beck.
Popa, I. G., & Nasta, N. L. (2016). Study on the Public Financial Control in Romania. Land Forces Academy Review, 21(1), 77.
Profiroiu, M., & Profiroiu, A. (2006). Decentralization Process in Romania. Transylvanian Review of Administrative Sciences, 16, E/2006.
Profiroiu, C. M., Profiroiu, A. G., & Szabo, S. R. (2017). The Decentralization Process in Romania. In J. Ruano & M. Profiroiu (Eds.), The Palgrave Handbook of Decentralisation in Europe. Cham: Palgrave Macmillan.
PWC. (2013). Government Accounting and Reporting. Available via http://ceccar.ro/ro/wp-content/uploads/2013/11/Government-accounting-and-reporting-PWC.pdf. Accessed 22 January 2018.
Rusu, C. E., & Petrisor, M. B. (2017). Overviewing of Fiscal Decentralization in Romania. EuroEconomica, 36(1), 78–84.
Stefan, L., & Paunica, M. (2015). Romanian Public External Audit Integration in the European Union Acquis. Ovidius University Annals, Series Economic Sciences, 15(1), 123–128.
Tiron-Tudor, A. (2006, April 2). The Reform of the Romanian Local Public Governments Accounting in the Context of the European Integration. Available at SSRN: https://ssrn.com/abstract=924100 or http://dx.doi.org/10.2139/ssrn.924100.
Tiron-Tudor, A. (2007). Performance Audit in Public Sector Entities—A New Challenge for Eastern European Countries. Transylvanian Review of Administrative Sciences, 19E, 126–141.
Tiron-Tudor, A. (2011). Romanian Public Institutions Financial Statements on the Way of Harmonization with IPSAS. International Journal of Accounting & Information Management, 19(2).
Tiron-Tudor, A. (2017). Accrual Accounting. In Global Encyclopedia of Public Administration, Public Policy, and Governance (pp. 1–6). Cham: Springer International Publishing.
Useful Site
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Tiron-Tudor, A. (2019). Public Sector Accounting, Auditing and Control in Romania. In: Vašiček, V., Roje, G. (eds) Public Sector Accounting, Auditing and Control in South Eastern Europe. Public Sector Financial Management. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-03353-8_3
Download citation
DOI: https://doi.org/10.1007/978-3-030-03353-8_3
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-03352-1
Online ISBN: 978-3-030-03353-8
eBook Packages: Political Science and International StudiesPolitical Science and International Studies (R0)