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2015, vol. 3, br. 4, str. 67-75
Developments of public internal financial and control systems in Albania
(naslov ne postoji na srpskom)
Ministry of Finance of Albania, Tirana, Albania

Ključne reči: public internal financial control; internal control components; public finance management
(ne postoji na srpskom)
This paper is based on Albania's inspiration for its membership in the European Union, by putting in place effective PIFC systems in public entities. The Public Internal Financial Control (PIFC) was developed by the European Commission as a structured model for guiding national governments in establishing a state-of-the-art control environment in their income and spending units. This framework it aims to give reasonable assurance that transactions comply with the principles of a sound financial management, transparency, efficiency, effectiveness and economy, as well as with relevant legislation and budget guidelines1. One of the conditions for all candidate countries that aim to enter European Union is to have in place effective internal control systems in the public sector. Therefore, it is expected that the candidate countries should establish and develop these systems according to the concept developed by the European Union, based on international standards and the best practice of European countries. In this context since the year 2008 the Republic of Albania has undertaken intensive activities on the establishment and development of the internal financial control system in the public sector in accordance with the provided framework. This paper presents the steps Albanian government has taken in implementing PIFC in the public sector. In addition, the impact that PIFC implementation has on the development of the public management, the status of these systems and the planned reforms in the future period are discussed. In the end closing opinions are provided as well as recommendations for further improvements in the PIFC systems.
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*** (2013) For the civil servant. Law no. 152
*** (2010) On financial management and control in Albania. Law no.10 296, dated 8.7
*** (2007) On internal audit in public sector in Albania. Law no.9720, dated 23.04
*** (2008) Management of the budgetary system in the Republic of Albania. Law no.9936 dated 26.6
Committee of Sponsoring Organizations of the Treadway Commission (2013) Framework. www.coso.org
European Commission (2006) Welcome to the world of public internal financial control (PIFC)
European Commission (2012/2014) PIFC compendiums
High State Control (2014) Annual report on the Execution of the state budget for year 2013. www.klsh.org.al, pg.18-22
Institute of Internal Auditors (2012) Supplemental guidance: The role of auditing in public sector governance. 2nd Edition
Institute of Internal Auditors (2013) IIA position paper: The three lines of defense in effective risk management and control
Minister of Finance (2011) 5 year implementation plan of a modern FMC system (2011-2016). Order no.11841, dated 10.06
Ministry of Finance Instruction (2012) no. 8, dated 29.03
Ministry of Finance Instruction (2012) no. 2, dated 26.02
Ministry of Finance of Albania (2010-2014) Annual report on the functioning of public internal financial and control in general government. 2011, 2012, 2013
Ministry of Finance of Albania (2014) Public finance management strategy 2014-2020. www.financa.gov.al
OECD Assessment (2013) Budgeting in Albania. www.oecd.org
SIGMA (2013) Sigma assessment Albania: Internal audit. OECD Publishing

O članku

jezik rada: engleski
vrsta rada: neklasifikovan
objavljen u SCIndeksu: 31.01.2016.

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