Significance and role of the State Audit Office of the Republic of North Macedonia and the State Audit Institution of the Republic of Serbia

  • Elena Ivanova
  • Janka Dimitrova

Abstract

State audit is a procedure for examining financial transactions defined as government
expenditures, in terms of the legal and intended use of funds, as well as evaluating the use
of funds in terms of the quality of public sector program performance. The State Audit Office
of the Republic of North Macedonia, as well as the State Audit Institution of the Republic of
Serbia, are independent in their work and independent of the executive branch. The State
Audit Office of the Republic of Northern Macedonia is an independent institution operating
on a pre-established annual program and applying a methodology consistent with
international auditing standards. The State Audit Office of the Republic of Northern
Macedonia is accountable to the Assembly of the Republic of Northern Macedonia by
submitting an annual report on its operations and audits, but also provides other information
related to the execution of the measures and recommendations given to the entities by the
certified state auditor, for removing irregularities. The State Audit Office of the Republic of
North Macedonia, in carrying out its work and functions, cooperates with: the Assembly of
the Republic of North Macedonia, the Government of the Republic of North Macedonia, the
Ministry of Finance, the Institutions responsible for initiating audit reports, the IPA Audit
Authority and International cooperation.
The State Audit Institution of the Republic of Serbia performs its tasks in accordance
with the Constitution of the Republic of Serbia and the Law on State Audit Institution and
State Audit Institution and helps the state to use and manage its resources wisely. The State
Audit Institution has a mission to contribute to better governance, transparency and
accountability in the public sector through confidential information.

Published
Sep 20, 2019
How to Cite
IVANOVA, Elena; DIMITROVA, Janka. Significance and role of the State Audit Office of the Republic of North Macedonia and the State Audit Institution of the Republic of Serbia. Journal of Economics, [S.l.], v. 4, n. 2, p. 62-70, sep. 2019. ISSN 1857-9973. Available at: <http://js.ugd.edu.mk/index.php/JE/article/view/3155>. Date accessed: 07 dec. 2019.
Section
Accounting and Auditing