State audit for strengthening the accountability in public funds management: Case of Republic of Macedonia

Authors

  • Jadranka Mrsik University American College Skopje
  • Tome Nenovski University American College Skopje
  • Sanja Radenkovic Stopanska banka Ad Skopje

Keywords:

state audit, public funds management, supreme audit institution, accountability, Republic of Macedonia

Abstract

The aim of this paper is to analyze the role of the state audit in strengthening the accountability in managing the public funds. Appropriate and effective use of public funds  ensurs a healthy economic and financial management, as well as transparency, which leads towards a positive development of the society as a whole.

We evaluated the operation of the state audit in Macedonia by analyzing the regularity audit performed on five state institutions from 2010 to 2014 and we compared the results with the state audits in two neighboring countries. Our findings suggest weaknesses in the use of public money by the institutions covered by this analysis and in the operation of the State Audit Office. The research will help in increasing the public awareness about the necessity of responsible management in the public sector.

Author Biographies

  • Tome Nenovski, University American College Skopje
    PhD
  • Sanja Radenkovic, Stopanska banka Ad Skopje
    MSc

References

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Published

2017-11-09

Issue

Vol. 9 No. 2 (2016)

Section

Articles

License

Creative Commons LicenseLicensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
(CC BY-NC-ND 3.0) (Since 2014)

How to Cite

State audit for strengthening the accountability in public funds management: Case of Republic of Macedonia. (2017). Timisoara Journal of Economics and Business, 9(2), 81-94. https://www.tjeb.ro/index.php/tjeb/article/view/TJEB9-2-81to94