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AUDITING INTERNAL CONTROLS IN FINANCING PRESCHOOL PUBLIC INSTITUTION: EVIDENCE FROM SLOVENIA

The USV Annals of Economics and Public Administration

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Title AUDITING INTERNAL CONTROLS IN FINANCING PRESCHOOL PUBLIC INSTITUTION: EVIDENCE FROM SLOVENIA
 
Creator Tatjana Horvat; University of Primorska Slovenia, Faculty of management
 
Description Public preschool educational institutions in Slovenia are mostly financed by public money, it means bay state and municipalities. They are also financed by parents. So, it is important that preschool institutions are using public money transparent and responsible, for this reason public preschool institution should have internal controls in financing. The internal auditor as independent professional should verify if internal controls works. The purpose of this paper is to investigate how internal controls in financing public educational institution works it means which internal controls are important in financing the preschool institution - on the selected institution to show and check how internal controls work. For this reason we divide internal controls in the financing in two phases: (1) internal controls in the preparation of the annual financial plan and financial planning of financial resources for institution’s programs and activities, (2) internal controls in obtaining financial resources. We used methods of internal auditing and research approaches as sampling, unstructured interviews and analysis of documents. The results showed that selected preschool institution should work on rules of recovery and monitoring of claims. The findings provide useful academic insight to setting internal controls as well as practical guidance for preschool institutions.
 
Publisher Editura Universitatii Ştefan cel Mare din Suceava
 
Contributor —
 
Date 2018-02-26
 
Type —
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Format application/pdf
 
Identifier http://www.seap.usv.ro/annals/ojs/index.php/annals/article/view/1028
 
Source The USV Annals of Economics and Public Administration; Vol 17, No 2(26) (2017); 161-170
The USV Annals of Economics and Public Administration; Vol 17, No 2(26) (2017); 161-170
 
Language en