System of public internal financial control in the Republic of Macedonia-achievements and improvements
System of public internal financial control in the Republic of Macedonia-achievements and improvements

Summary/Abstract: Public financial management is a very responsible and sensitive area which is preconditioned by a number of interrelated factors, one of them being the proper implementation of the concept of Public Internal Financial Control (PIFC). The concept of PIFC was developed by the European Commission during the second half of the 1990s and is nowadays used to guide and support EU accession candidate countries, as it is the Republic of Macedonia, in their attempt to develop modern public internal control systems. This concept is an internal control framework for the public sector, which the candidate countries must accept to meet the requirement of Chapter 32, of the accession negotiations. Therefore, these requirements are also an obligation to our country.Given the significance of this issue for the Macedonian public sector, I have decided to devote a major part of my research papers to the system of Public Internal Financial Control in the Republic of Macedonia. The paper gives an overview of topics, core elements and the developments in this area. The purpose of it is to assess the current state of this concept in practice and to give conclusions and recommendations for further improvements.

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