The Public Institutions Accounting Policies and Procedures Manual – The Entities Accounting Professionals’ or the Specialized Firms’ Design?
The Public Institutions Accounting Policies and Procedures Manual – The Entities Accounting Professionals’ or the Specialized Firms’ Design?

Summary/Abstract: The accounting regulations in force, by OMFP no.1917/2005 with their subsequent changes and completions, namely OUG no.37/2011 modifying and completing the Accountancy Law no.82/1991, foresee, for public institutions, the elaboration and the approval of an Accounting Policies and Procedures Manual, respecting the specific of the activity undertaken by each public entity. Given its approval by credit sequencers, an Accounting Policies and Procedures Manual can assure the unitary application of the legal provisions, also reducing the possibility of error occurrence. Going step by step through the structures included in the manual, the present material aims to identify whether it can be designed by the accounting professionals in each public institution – who know well the reality and the specific of each entity – or the simpler solution of its acquisition from specialized firms should be adopted. At the same time, by the distribution of a questionnaire in the administrative-territorial units/county councils/other public institutions of Dâmboviţa, Argeș and Prahova County, we tried to identify the actual situation in the local public sector entities.

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