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.
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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.
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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
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