Object

Title: The implementation of COSO’S ICIF in Bulgaria’s municipal administrations

Title in english:

Economics of the 21st Century

Creator:

Borissov, Borislav

Description:

Ekonomia XXI Wieku = Economics of the 21st Century, 2018, Nr 2 (18), s. 17-29

Abstrakt:

The paper overviews the implementation of COSO’s Internal Control – Integrated Framework (ICIF) model in Bulgaria’s municipal administrations. It presents the results of a study on the practice of developing and implementing Financial Management and Control Systems (FSMS). The aim of the study was to review objectively the actual status of Bulgarian municipalities’ FSMS and thus to identify some of their shortcomings and inconsistencies with the ICIF model. The results show that the legal framework for financial control in Bulgaria’s public sector organizations is appropriate to the elements and principles of the revised ICIF, but also that its practical implementation is inefficient due to the formal attitude towards the requirements and the lack of appropriate “tone at the top” in some organizations. A proposal is made for introduction of a certification regime for public sector organizations with regard to the implementation of FSMSs based on COSO’s ICIF

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2018

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/e21.2018.2.02 ; oai:dbc.wroc.pl:52829

Language:

eng

Relation:

Ekonomia XXI Wieku = Economics of the 21st Century, 2018, Nr 2 (18)

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Object collections:

Last modified:

Jun 11, 2022

In our library since:

Nov 14, 2018

Number of object content hits:

262

Number of object content views in PDF format

253

All available object's versions:

https://dbc.wroc.pl./publication/85766

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