International Journal of Government Auditing – July 2010
Romania
Recent Developments at the Romanian Court of Accounts
The Romanian Court of Accounts (RCA) has new collegiate leadership modeled on a modern European Union (EU) approach. The new leadership’s mandate started in November 2008. During 2009, many RCA activities were significantly improved and a comprehensive process to continuously update those activities was begun.
- A new Web site was created to present basic information on the RCA in both Romanian and English.
- A new strategic plan for 2010-2014 has been drafted, is being reviewed, and will be continuously updated. Its main strategic objectives include the following:
- The impact of RCA’s control and audit activity will be maximized.
- RCA’s reputation will be improved and the authority of and respect for the organization will increase in response to the high-quality results it achieves.
- RCA’s reports will be relevant, realistic, clear, credible, timely, and useful. They will be duly drafted and made available to stakeholders. The Parliament will be able to make legislative decisions based on their conclusions and recommendations.
- Available resources will be used with greater efficiency.
- Intra- and inter-institutional communication will be improved, creating a positive impression of the RCA’s image and credibility.
- The professionalism of specialized RCA staff will have a decisive effect on the quality of RCA’s activities.
- In its capacity as an SAI, RCA will function in accordance with INTOSAI professional standards and will safeguard Romanian and EU financial interests.
Strategic measures and specific actions have been detailed for each objective. The strategic objectives will be updated as necessary by carefully monitoring emerging risks factors.
- RCA’s standards are being updated, with an emphasis on implementing good practice in the management of audit quality.
- RCA’s Code of Ethics is also being updated to ensure auditors’ independence, objectivity, and integrity within the audit work performed.
For additional information, contact the RCA:
E-mail: rei@rcc.ro
Web site: www.curteadeconturi.ro