ABSTRACT
The aim of the present work consists in the methodological study of the instruments for the internal public audit. This one, through its specific test methods, analyzing strength or weakness of each component and understanding of operations and significant risks, is a valuable resource for helping the public entity to assess its internal control, in order to verify the structure, the functionality, the commitments assumed and also the documents resulted from that activity. Also as part of internal control, internal public audit checks reporting of the information in the internal and external medium of a public entity regarding the activities, operations, results, schedules and changes of budgets, policies, strategies and objectives achieved, setting priorities, analysis of indicators and explanation or interpretation of their results. The research theme is important for the audit literature. As regards the theoretical basis, public internal audit applies to all central and local public institutions. Also, it gives assurance and advice to public administration bodies for judicious management of revenue and public expenditure, thereby improving their business. The applicative value of work consists in the fact that it issues objective and fundamental recommendations to correct the found irregularities, stating the consequences and in this lies the value of the hereby study.

Author:

Niculae, Bădălău
Ph.D. Student, University Valahia of Târgovişte, Romania

Keywords – internal public audit, public institution, information, reporters, techniques.

JEL Classification – M42.

Paper type –Literature review

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PUBLIC INSTITUTIONS AND INTERNAL AUDIT

ABSTRACT
The aim of the present work consists in the methodological study of the instruments for the equalization of the local public incomes in the administrative-territorial structures for the elaboration of some measures for the effectiveness increase of the local public expenditures modality and for the improvement of the public services quality. The research theme is important for the local economy and financial literature on local public finance. It is known that the tax base of the territories is quite uneven and providing quality public services is impossible based on their own sources. Financial equalization is a group of financial actions made in order to overcome economic and fiscal disparities between territories. The applicative value of work consists in the research of the public services financing modality for the improvement of their quality, scientific argumentation of the necessity of the incomes equalization at the territories. As for findings, I consider that the support for less developed local public administration from the financial point of view requires fiscal decentralization and involves financial equalization procedures or other similar measures aimed at eliminating the effect of unequal distribution for potential funding sources. The purpose of financial equalization is the additional funding of less developed territories in order to reduce regional disparities, and in this lies the value of the hereby study.

Author:
Niculae, Bădălău
Ph.D. Student, Valahia University of Târgovişte, Romania

Keywords – financial equalization, fiscal decentralization, inter-budgetary relations, cost-benefit, economic efficiency.

JEL Classification – H72, H71, E62.

Paper type –Literature review

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FINANCIAL EQUALIZATION AND REDUCTION OF REGIONAL DISPARITIES