IMPLEMENTING THE INTERNAL CONTROL & FINANCIAL
                    MANAGEMENT SYSTEM

         Ph.D. Razvan Ghita, Valahia University Târgoviste, marcel.ghita@mfinante.ro


       Abstract: The implementation of internal audit function in Romania has imposed the
reorganization of the internal control system that existed within public entities. Although, commonly
it would have been the other wayaround, due to the European Union's pressures it was first
implemented the internal audit function in the Romanian public sector.
       Nowadays, we found ourselves in a process of organization and implementation for the
financial control and management system within entities from the public sector.
       The article presents the internal audit function's evolution and the present (actual) stage of
implementation of internal control and management system, process that began in 2005, in the
Romanian public sector.

       Key words: implementation, internal control, internal audit, financial management system.

       Jel codes: M42, P49.




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