POLICIES AND PROCEDURES OF EX-ANTE CONTROL FOR LEGALITY

Authors

Keywords
ex-ante control, financial controller, managerial responsibility

he ex-ante control for legality has been part of the introduced control activities for obligatory application in the public sector ever since the year 2000, as it has undergone alterations in the philosophy of its execution over the years. The latest amendments in the legislation in the year 2019 set a requirement to managers in the public sector to introduce policies and procedures of ex-ante control for legality. Such policies and procedures shall be based on several pillars. On the one hand, the ex-ante control for legality shall be executed in compliance with the instructions for the order and means of executing ex-ante control for legality set by the Minister of Finance. On the other hand, it shall be based on risk assessment in the enterprise. Last, but not least, the policies and procedures shall observe the cost of control based on the cost benefit analysis.

JEL: H53, G38
Pages: 11
Price: 2 Points

More titles

  • THEORETIC ASPECTS OF FINANCIAL CONTROLLING IN THE FIRM

    The focus is on financial controlling as part of the controlling in the firm. The article highlights the need of financial controlling Bulgarian companies. It explores the factors of the external and the internal environment of the company within the context of financial controlling as well as the types of controlling. The major financial ...

  • CONDITION OF THE BANK LOAN MARKET IN BULGARIA

    While not all domestic businesses are growth-oriented, at some stage of their development they need capital to improve their competitiveness and adaptability to changes of their business environment. The access to affordable bank loans is crucial for the development of many Bulgarian businesses, which face increasing external and internal ...

  • OPTIMIZING FIRE SAFETY IN BULGARIA THROUGH INTERNET TECHNOLOGIES

    The article focuses on the main points in defining the hypothesis of optimizing fire safety in Bulgaria through Internet technologies as a possible and adequate strategy for the successful development of fire safety and civil protection authorities. The topic represents a distinct view on organizational change – from conservative behaviour to ...