The Internal Control Management Development Strategy in Romania
The Internal Control Management Development Strategy in Romania

Author(s): Marin Popescu, Silvia Mihaela Popescu, Maria Daniela Gâlcă
Subject(s): Economy
Published by: Scientia Moralitas Research Institute
Keywords: internal control management system; operational procedure, system procedure; risks registry; internal control standards; risk management
Summary/Abstract: The internal control management means all the forms of control exercised at the public entity, including internal audit, established by the management in accordance with its objectives and legal regulations in order to provide fund administration economically, efficiently and effectively; it also includes the organizational structures, methods, and procedures. The phrase, “internal control management” emphasizes the responsibility of all hierarchical levels for controlling all internal processes undertaken in order to achieve its general and specific objectives.The internal control management development strategy prioritizes managerial responsibility and ensures that the implemented internal control management systems are adequate and prevent or limit errors and fraud.

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