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Efficiency and Advantages of Preventive Financial Control Versus Internal Control in A Public Entity

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  • Camelia Madalina Beldiman

    (PhD Lect. Univ., Faculty of Juridical, Social and Political Sciences, “Dunărea de Jos†University of Galați)

Abstract

This paper targets to highlight the objectives and advantages offered by the preventive financial control endorsement compared to the efficiency of setting up internal control departments within public entities. The role of preventive financial control is to contribute to the most efficient use of all material and financial resources, which involves the verification and analysis of economic and financial activity in terms of legality, timeliness, and economy of operations. The preventive financial control aims at identifying the projects of operations that do not respect the conditions of legality and regularity or within the limits and destination of the budgetary and commitment credits and through which their performance would be detrimental to the public patrimony or public funds. There are many disadvantages in public entities where internal control departments are established because the internal control is performed over a long period of time and requires several steps to prepare for the audit mission.

Suggested Citation

  • Camelia Madalina Beldiman, 2022. "Efficiency and Advantages of Preventive Financial Control Versus Internal Control in A Public Entity," Jurnalul de Studii Juridice, Editura Lumen, Department of Economics on Behalf of Petre Andrei University Iasi, vol. 17(1-2), pages 134-147, June.
    • Handle: RePEc:lum:rev4rl:v:17:y:2022:i:1-2:p:134-147
    DOI: https://doi.org/10.18662/jls/17.1-2/104
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    Cited by:

    1. Aleksandrina Aleksandrova & Valentina Ninova & Zhelyo Zhelev, 2023. "A Survey on AI Implementation in Finance, (Cyber) Insurance and Financial Controlling," Risks, MDPI, vol. 11(5), pages 1-16, May.

    More about this item

    Keywords

    internal control; preventive financial control; risk analysis and evaluation; risk elimination; financial crimes and fraud;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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