Expectations regarding the application of internal managerial control system in Romanian public entities

Community legislation in the field of internal managerial control (IMC) is largely made up of general principles of good practice, which are accepted also internationally. The manner in which these principles are transposed in the internal control systems is specific to each country, being determined mainly by the legislative, administrative, cultural conditions etc. It is necessary to deepen these aspects of IMC from the development perspective of the managerial decision making point of view. In the public domain, according to the requirements of the specific normative acts in Romania, as well as the European Commission, the rigorous, efficient, effective and transparent use of public funds is essential. For monitoring the managerial decisions in order to meet these requirements, the IMC system in public entities is established at both national and international level. The implementation of the IMC system is a necessary measure, in the context in which the public institutions are managing, both public funds that are allocated to them, and the public patrimony that is under their management. From this perspective, it is obvious that, in the absence of an IMC system, it is not possible to reasonably ensure the efficiency, the effectiveness and the economy of the operations carried out by the public entities. In this context, the current study is proposing a holistic analysis on the correlation between expectation and achievements regarding the application of the IMC system in Romanian public entities. Thus, starting with the latest report published in august 2019 by the Internal Managerial Control and Interinstitutional Relations Department from the Romanian Government's General Secretariat (DCIMRI, 2019) regarding the IMC implementation in Romania, the aim of the paper is to point out the issues identified in the implementation practice of IMC standards and to judge the results in terms of expectations.