THE INFLUENCE OF THE INTERNAL MANAGERIAL CONTROL ON THE CORPORATE GOVERNANCE WITHIN THE PUBLIC ENTITIES

The instability that characterizes the current economy has a significant impact on the way in which the economic entities carry out their activity. The internal managerial control can provide to the management data regarding its progress or regression in reaching the proposed objectives. The purpose of the internal management control system is to prevent errors and irregularities, preventively eliminate the causes that determine them and to improve the controlled activities within the corporate governance. The internal management control offers a reasonable assurance, but not absolute, that the public entity fulfills its proposed objectives. Public entities must adhere to all concepts, principles, standards and regulations of corporate governance, in order to be evaluated and achieve the relevant expected policies and performance, and corporate governance codes and policies have become a balance between compliance and performance. Corporate governance is a concept that encompasses a wide range of activities, rules, processes and procedures, designed to ensure the optimal use of the resources and strategies of the entities, so that its objectives are achieved. This article represents the analysis of the objectives of the main internal control procedures regarding the optimization of the corporate governance process.