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Internal Managerial Control – Perspectives on Some Modern Methods of Reducing the Risk of Fraud in Public Administration

Author

Listed:
  • Daniel CONSTANTIN

    (Dunarea de Jos University of Galati, Romania)

  • Marius Silviu CULEA

    (Dunarea de Jos University of Galati, Romania)

  • Nicoleta CRISTACHE

    (Dunarea de Jos University of Galati, Romania)

Abstract

Once it has been implemented according to the legal provisions, the national legislation in Romania offers only a few indications regarding the development and adaptation of the internal managerial control to the evolution of the risks to which public institutions are subjected in their daily activity. Thus, the development of internal control refers only to its continuation, from year to year, to the full implementation of the standards related to the five components of internal control. The risk of fraud is not treated separately, but aggregated, together with the other risks identified by the entity and mentioned in the risk register. The purpose of this paper is to draw attention to somewhat new methods for public entities (certainly already used in the private sector) and to see how total integration of internal control in current activities and innovations in this field can lead in diminishing the risk of fraud.

Suggested Citation

  • Daniel CONSTANTIN & Marius Silviu CULEA & Nicoleta CRISTACHE, 2022. "Internal Managerial Control – Perspectives on Some Modern Methods of Reducing the Risk of Fraud in Public Administration," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 27-35.
    • Handle: RePEc:ddj:fseeai:y:2022:i:2:p:27-35
    DOI: 10.35219/eai15840409264
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    References listed on IDEAS

    as
    1. Pincus, Karen V., 1989. "The efficacy of a red flags questionnaire for assessing the possibility of fraud," Accounting, Organizations and Society, Elsevier, vol. 14(1-2), pages 153-163, January.
    2. Gerrit Sarens & Joe Christopher, 2010. "The association between corporate governance guidelines and risk management and internal control practices: Evidence from a comparative study," Managerial Auditing Journal, Emerald Group Publishing, vol. 25(4), pages 288-308, April.
    3. Heese, Jonas & Krishnan, Ranjani & Ramasubramanian, Hari, 2021. "The Department of Justice as a gatekeeper in whistleblower-initiated corporate fraud enforcement: Drivers and consequences," Journal of Accounting and Economics, Elsevier, vol. 71(1).
    4. Kiridaran Kanagaretnam & Jimmy Lee & Chee Yeow Lim & Gerald Lobo, 2018. "Societal trust and corporate tax avoidance," Review of Accounting Studies, Springer, vol. 23(4), pages 1588-1628, December.
    5. Gullkvist, Benita & Jokipii, Annukka, 2013. "Perceived importance of red flags across fraud types," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 24(1), pages 44-61.
    6. repec:eme:maj000:02686901011034144 is not listed on IDEAS
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    Cited by:

    1. Nicusor DIACONU & Irina Antoaneta TANASESCU & Melania-Andreea DIACONU (STANCIULESCU), 2022. "Funding the Educational System and the Quality of the Public Educational Services in Romania - A Literature Review," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 245-250.

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