THE FINANCIAL AND THE PERFORMANCE AUDIT - SUCCESSFUL ALTERNATIVES IN MANAGING THE PUBLIC FINANCIAL RESOURCES

The external public audit work done by the Court of Accounts, as the supreme audit institution in our country, is essential for ensuring accountability on the management of public funds. The responsibility for using the public money under legal and performance conditions is, of course, entitled to the officers of public budgets, but the public audit is the one that assesses the financial management of the entities and that issues recommendations that stay behind taking managerial decisions aimed at a better use of the funds. By auditing the execution accounts of the budgetary funds and of other public funds it is intended to see if all the financial resources of the state and of the public sector have been used in an efficient and appropriate way in the purposes and according to the destination established through the budgetary laws.