An Evolving Analysis of Disclosure and Transparency Level within the Pale of Public Internal Audit Activity Reports

Author:Master Student Viorica EREMIA

JEL:H83, M42

DOI:

Keywords:evolution, reports, CHUPIA, public internal audit, disclosure

Abstract:
The annual reports regarding public internal audit offer a significant informational ground about the concerned activity at the central and local levels. It emphasize all the problems which the Romanian public internal audit system have, the summary of the most significant public internal audit missions, their findings and new suitable directions – which play a determinant role in creating a performing public system. In this article, the author analyzes how the transparency level from the public internal audit reports has been evolved during 2007-2013 period. In order to achieve the proposed goal, she used a quantitative analysis (using the numbers of chapters and pages of public internal audit reports as parameters) and a qualitative analysis, where she referred, mainly, to the changes which appeared in every chapter during the analyzed time frame. The outlined conclusions showed that the transparency level from the public internal audit reports have been considerable increasing starting from 2012, 2011 year has been considered as a transitional year as the first meaningful improvements have been reported. The evolving upward trend is pleasing, as the annual reporting is the binder which connects the government with other public institutions. So, it becomes better informed regarding the existing problems and can create a suitable strategy focused on performance improvement and value creation. The transparency ascending evolving tendency also increases the citizens trust in public institutions.\r\n\r\n

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