THE REORGANIZATION OF THE INTERNAL CONTROL SYSTEM WITHIN PUBLIC ENTITIES

The process of reorganizing the internal control system is complex and has deep implication starting with the definition and understanding of the internal control concept in the Anglo-Saxon acceptation approved by the European Union, the reorganization of the internal control systems in the sense of dissipating the control and inspection activities within the process fluxes within entities and implementing the internal control standards stipulated by the Order of the Ministry of Public Finances no. 946/2005 in Romania. Practically, the implementation of the new managerial control system represents, also, a problem related to the organizational culture within the field in Romania. Within this revolutionary process for the reorganization of the internal control and management system, the entities are confronted with the necessity of setting up working groups that will monitor the process of implementing the managerial control system, with the necessity of setting tip a Risk Register and, finally, with the necessity of elaborating operational working procedures for each activity that contributes at the realization of the public entity's objectives. But, this process won't be final without the acknowledgement of the management factors regarding the necessity and importance of reorganizing the managerial control system, the internal audit role and, generally, the appropriation of the corporate governance principles. The process of implementing the managerial control system in Romania will be monitored by CHUPIA from the Ministry of Economy and Finances, once at every 5 years and by the Court of Accounts, every year, with the occasions of the missions unfolded by this institution and will represent an external evaluation for public entities regarding the evaluation of the steps taken in implementing the managerial control system.