How Public Money Is Lost: Monitoring the Implementation of the Court of Accounts Recommendations for 2011
Automatically translated summary. The full text is available in Romanian.
This report describes how the Court of Accounts of Moldova organises, and generally carries out, the monitoring of how audited entities execute and implement the Court's recommendations and requirements set out in its decisions. It analyses information from the Court of Accounts on compliance with those decisions, with findings for 2011.
The analysis of the information provided by the Court of Accounts of Moldova produced a result that is alarming for the good governance of public institutions. Fewer than half of the Court's recommendations are actually implemented by the audited entities.
At the same time, the authorities hierarchically superior to the audited entities, such as the Executive and the Legislature, do not react appropriately to the numerous deficiencies identified. The report therefore points to weak follow-up on audit findings, which undermines the effectiveness of external public audit in Moldova.
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