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Community legislation in the field of internal managerial control (IMC) is largely made up of general principles of good practice, which are accepted also internationally. The manner in which these principles are transposed in the internal control systems is specific to each country, being determined mainly by the legislative, administrative, cultural conditions etc. It is necessary to deepen these aspects of IMC from the development perspective of the managerial decision making point of view. In the public domain, according to the requirements of the specific normative acts in Romania, as well as the European Commission, the rigorous, efficient, effective and transparent use of public funds is essential. For monitoring the managerial decisions in order to meet these requirements, the IMC system in public entities is established at both national and international level. The implementation of the IMC system is a necessary measure, in the context in which the public institutions are managing, both public funds that are allocated to them, and the public patrimony that is under their management. From this perspective, it is obvious that, in the absence of an IMC system, it is not possible to reasonably ensure the efficiency, the effectiveness and the economy of the operations carried out by the public entities. In this context, the current study is proposing a holistic analysis on the correlation between expectation and achievements regarding the application of the IMC system in Romanian public entities. Thus, starting with the latest report published in august 2019 by the Internal Managerial Control and Interinstitutional Relations Department from the Romanian Government’s General Secretariat (DCIMRI, 2019) regarding the IMC implementation in Romania, the aim of the paper is to point out the issues identified in the implementation practice of IMC standards and to judge the results in terms of expectations.

The paper presents a systemic analysis of the key factors of risk management for the internal managerial control (IMC) system for public entities in Romania. The risk management approach offers a broad view regarding the necessary tasks for having a rigorous, efficient, effective and transparent use of public funds. The necessity of taking a managerial decision on a current matter has its own peculiarities and effects, involving the actual way and manner in which the entity in question will go further. The effects of this kind of decisions can affect the entity in some precise moments. In this point, risk management should be present, according to the applicable approaches, in order to evaluate, among other things, the vulnerability of the system which is exposed to the effects of a decision that has been taken into account. Developing an internal control system is perceived as a process that involves improving performance and governance, rather than introducing a new, additional system. The paper is presenting some considerations regarding the effectiveness of risk management approach used in Romanian public entities, based on the latest reports published. There are also pointed out some principal causes for this implementation level of Risk management Standard, along with some selective proposals for improving the results of this risk based approach

At present, continuous effort is being made, in the field of internal public auditing, at the level of the Internal Auditing Board, to shift from compliance auditing, that verifies the accordance of the performed activities to the law, to system auditing which aims to monitor both the aspect of compliance and that of assessing the achievement of objectives within the frame of economy, efficiency and effectiveness. Consequently, we can state that system auditing is a result of the two types of auditing (compliance and operational) and that its promotion is of utmost necessity, due its superior quality. Within this general context, this study approaches system auditing in a logical manner, presenting a positive attitude and vision by setting forth opinions regarding the role of system auditing within missions of protection. Our purpose is to identify ways and solutions towards improving internal public system auditing within the MoD.