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In recent years, in the context of an increasingly dynamic economic environment, internal audit function knows an ascending trajectory as a consequence of the qualitative changes recorded following the application of a methodological and procedural framework appropriate to this activity. The present research highlights the priorities and the current challenges that the internal audit function faces in the Romanian space, but also worldwide faced in terms of expanding roles, emergence of new risks, grater stakeholder scrutiny and resourcing pressures. This scientific approach is made possible by using the information provided by the Institute of Internal Auditors through the Research Foundation of it, focused on Global Internal Audit Common Body of Knowledge (CBOK) 2015 Practitioner Survey in order to achieve a global perspective and a better understanding of stakeholders' expectations of internal audit' s purpose, function and performance and data documented following the opinion surveys of internal auditors conducted by KMPG and other specialist in the field- Deloitte, Protiviti. [ABSTRACT FROM AUTHOR]

In this paper, we will mainly focus on the new budgetary tendencies of the Public Institutions, financed entirely or partially from the state budget, in the desire to highlight the newest aspects found at the level of the activities carried out in the public sector. The article highlights the official data provided by the National Institute of Statistics on the Cluj County budget execution, structured by items of revenues and expenditures. The contribution of Cluj County was pursued both at national level, and at the level of the North-West region, based on a budget execution analysis for a period of 5 years, namely between 2013 and 2017. The article will also review the methods of substantiating the budgetary indicators, based on both classic and modern methods. The present article embeds the theoretical and practical aspects of public institution financing, being built from an interdisciplinary, economical and legal perspective, by using the integral research method that combines both quantitative and qualitative analyses. In order to accomplish this research, we will use the most relevant scientific resources of maximum topicality, implicitly the official data identified on the site of the Cluj County Council. [ABSTRACT FROM AUTHOR]

The analysis of the evolution of SMEs has become a distinct field of research and even of utmost topicality in the light of the latest scientific approaches developed on this matter, which is based on the fact that the Europe 2020 strategy and the European economy focus on harnessing the potential of small and medium-sized enterprises (SMEs). They are the backbone of the economy in all countries, and the European Union's experience shows that the SME sector can make an essential contribution to the gross domestic product (GDP) and reduce unemployment (60% of the GDP and about 70% of the total labor force). In the last period, entrepreneurship has created a unique context that offers to all those interested a favorable environment for the development of entrepreneurial activities that go beyond institutional barriers. This paper presents a specific situation based on the evolution of the Romanian SMEs in the context of the integration into the European Union sphere of influence, and implicitly a systematic centralization of the main indicators and the activity sectors of SMEs, in a comparative manner, according to the European model described in the literature. With the integration of Romania into the European Union, new opportunities have been created, focusing on increasing the competitiveness of SMEs through research and innovation, and implicitly the access to nonreimbursable financing. [ABSTRACT FROM AUTHOR]

In this paper we try to analyze the extent to which economic and social cohesion of the enlarged European Union in order to develop a harmonious, balanced and sustainable community has been achieved with the Funds, the European Investment Bank (EIB) and other financial instruments and how Romania attracts or not such funds. We analyzed using the statistical data, the absorption and implementation of funds in Romania. Consequently, we present only the results. Conclusions outlined the reducing of the economic, social and territorial disparities which have arisen particularly in regions with developmental delays and in relation to economic and social reorganization. The most important benefits of funding (in general) are the growth, the competitive advantage, the employment and improvement of the environment. [ABSTRACT FROM AUTHOR]

In the present paper we will try to analyze the Decision Support System (DSS) and the way in which it is applied or not in the Romanian Small and Medium Sized Enterprises (SMEs) (with examples). We also will see if the system is beneficial for these Romanian Enterprises. We analyzed through interviews 50 small and medium-sized Romanian enterprises. They do not accept their name to be published. As a consequence, we will present only the results. It is underlined in the conclusions the differences between the small and the medium size enterprises in respect of the models they are using. The most important benefits of DSS (generally) are represented by increased efficiency competitive advantages and better managerial process. [ABSTRACT FROM AUTHOR]

Countries from all over the world are taking measures in order to counter the effects of the global financial crisis, including stimulus packs, temporary actions, the acceleration of implementation of previous measures or all the measures at the same time. It is for sure that the crisis is not coming to an end despite all these measures and some experts are concerned regarding the size and the length of the crisis. In this paper we will refer to the effects of the global financial crisis, needed measures to counter its effects and potential influence of the crisis on Romania. [ABSTRACT FROM AUTHOR]