Importance of internal audit for the Ministry of Defense and the Serbian Armed Forces

Radojković, Milica; Zugic, Rade; Trandafilović, Saša

doi:10.5937/vojdelo1602212r

Cited by 2 publications

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“…The tasks of the internal auditing department at the Ministry of Defence are governed by the Rulebook on Internal Organisation and Job Systematisation. Those are the following: reviewing compliance with the existing financial regulations, instructions and procedures; evaluating effectiveness of internal controls; evaluating effectiveness of exploitation of funds; inspecting reliability and integrity of record-keeping and reporting; payments and contracts; reviewing accounting statements; inspecting irregularities; regularity of revenue collection and record-keeping thereof; security of property and lists thereof, i.e., cataloguing property; inspection of the budget distribution, so as to ensure legal compliance and secure sufficient funds; and other tasks included in the scope of the department's operations (15).…”

Section: Financial Management and Control And Internal Audit At The M...mentioning

confidence: 99%

Controlling and internal auditing at the Ministry of Defence

Đorić¹,

Ranisavljević²,

Milojević³

2022

Sci Tech Rev

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This paper discusses the theoretical foundations and definitions of controlling and internal auditing as tools that help the organisation's management in managing business compliance and business continuity, with the purpose of meeting the organisation's objectives, by assessing the effectiveness of risk management inside the organisation, as well as of control and management. Considering the contemporary trends in organisational management, where the management is faced with frequent crises that require rapid and comprehensive action and response to risks, where internal auditing information is focused on the past, there is a need to implement controlling in organisations to provide help to the management for the future. The aim of this paper is to highlight the need to introduce controlling at the Ministry of Defence in order to improve the work of this organisation and to provide strong support in preventing the existing problems and to develop innovative systems of solutions that go beyond mere financial reporting.

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Section: Financial Management and Control And Internal Audit At The M...mentioning

confidence: 99%

Controlling and internal auditing at the Ministry of Defence

Đorić¹,

Ranisavljević²,

Milojević³

2022

Sci Tech Rev

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“…They are established to provide "reasonable assurance" that potential risks which jeopardize the achievement of business objectives are limited to an acceptable level. The control should take place throughout the organization, at all levels and functions, such as: approvals, delegation of powers, checks, harmonization, review of work results, security of funds, separation of duties, etc [4].…”

Section: The Control Of the Military Budget In The Ministry Of Defenc...mentioning

confidence: 99%

“…The internal control of the military budget in the MoD and the SAF is not specifically defined from the aspect of disposal and spending of the budget funds, which does not mean that it does not exist and is not organized. On the contrary, it is present in all units and institutions that dispose of the budget funds because it is included in the regular duties of the ordering party, accountant and other persons who dispose of and manage the budget funds [4].…”

Section: The Control Of the Military Budget In The Ministry Of Defenc...mentioning

confidence: 99%

The budget control in the function of the civil and democratic control of the armed forces in the Republic of Serbia

Knežević¹,

Nikolić²,

Neševski³

2021

Vojno delo

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One of the important indicators of democratization of each society is the constitutional and legal definition of the role of the military and the possibility of its control. The civil and democratic control of the Serbian Armed Forces primarily includes control of the use and development of the Serbian Armed Forces, internal and external control of the expenditures for the military needs, monitoring and informing the public about the state of preparations of the Armed Forces, providing free access to information of public importance and defining responsibilities for performing the military duties in accordance with the law. The instrument for financing the military expenditures in the Republic of Serbia is the state budget. During the drafting of the Law on Budget, the costs for the military needs are planned for the budget year and the following two years. Having in mind that the Law on Budget is passed by the highest legislative body - the National Assembly, the main principle of the democratic control of the military expenditure planning is provided. However, the budget execution implies the control over the use of the budget funds, whereby the Law on Budget System provides for several levels of control, organized as internal and external control. The internal control of the military expenditures, expressed in the budget of the Republic of Serbia, is carried out by the financial service bodies of the units and institutions of the Serbian Armed Forces, the Accounting Centre of the Budget and Finance Sector of the Ministry of Defence, the Defence Inspectorate, the Military Security Agency, the Criminal Investigation Group and the Internal Audit of the Ministry of Defence. The external control of the budget intended for the military needs is performed by the State Audit Institution and the Budget Inspection. The objective of the control is to determine whether the actions of the Serbian Armed Forces are in accordance with the position stipulated by the Constitution, as well as with the policy that the mentioned representative and executive authorities define in their acts.

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Importance of internal audit for the Ministry of Defense and the Serbian Armed Forces

Abstract: * * Пуковник проф. др Раде Жугић је начелник Групе за финансијске послове. * * * Пуковник доц. др Саша К. Трандафиловић је начелник Управе за буџет.

Cited by 2 publications

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Controlling and internal auditing at the Ministry of Defence

Controlling and internal auditing at the Ministry of Defence

The budget control in the function of the civil and democratic control of the armed forces in the Republic of Serbia

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