Independence of the supreme audit institution – prerequisite for a modern management of public finances

Abstract

The activity of Supreme Audit Institutions in a state serves as a crucial element in the functionality of the public finance management system, providing oversight and control over the budgetary process. The topicality of this research derives from the importance and relevance of the independence of Supreme Audit Institutions (SAI) which can be understood as its ability to function autonomously from the government, without external influences and unjustified control, and is a fundamental condition for the SAI to effectively fulfill its legal mandate. The purpose of this scientific paper consists in the complex and comprehensive examination of the independence of Supreme Audit Institutions, as essential preconditions of a modern management of public finances. In order to achieve the set goal, various research methods were used, starting with the analysis of the requirements of international standards regarding, as well as the synthesis of fundamental arguments regarding the importance of ensuring the functionality and independence of a Supreme Audit Institution in maintaining and strengthening the national system of public finance management. Following the analysis carried out, we can conclude on the need to strengthen governmental and parliamentary efforts in order to ensure the independence of the Supreme Audit Institution of the Republic of Moldova, according to INTOSAI requirements, a fact that will directly contribute to the European path of the country.