International Journal of Auditing – April 2009
Moldova
Fifteenth Anniversary of Court of Accounts
The Court of Accounts of Moldova is celebrating its 15th anniversary in 2009. The court was established in 1994 in accordance with the provisions of the constitution and legislation passed in December 1994. Over the past 15 years, it has gone through a significant process of institutional growth and has focused on improved operations as an external financial control body, institutional strengthening, and staff training. It has also sought to be recognized as an integral part of the rule of law in the Republic of Moldova.
Since 2006, the Court of Accounts has entered a new stage resulting from the formation of a common financial control system and improvements in its legal framework and institutional capacity. It has endeavored to be established and function as an SAI in accordance with international standards and European Union best practices in external public audit. During this short period, its strategic development plan (April 2006-December 2010) has been approved and implemented. Its key goals are institutional strengthening, capacity building, developing people, and increasing the impact of its work.
In addition, new legislation effective in January 2009 shifted the court’s function from external financial control to a new external audit system within the new public financial management system.
The court is undergoing a transition in 2009. During the first 6 months, the court is continuing to act as an external control body, albeit one that carries out a significant volume of pilot audit work. The top priority for the year will be implementing the new law and related activities—for example, promoting the law internally and externally, developing a new organizational chart, and adjusting internal acts and regulations to the provisions of the new law.
The court's 150 employees are the keys to success as each contributes to establishing a modern and efficient SAI in the Republic of Moldova.
For additional information, contact the Court of Accounts:
E-mail: cdc@ccrm.gov.md
Web site: www.ccrm.md