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Activity of the Court of Accounts

Objectives and Principles in Court of Accounts' Activity

  • to assess the regularity, legality, conformity, economy, efficiency, and effectiveness of the management of public financial resources and assets;
  • to promote the internationally recognized standards on transparency and accountability in the area of public financial management;
  • to ensure transparency by informing the accountable public authorities and the public about its strategic and annual plans, findings and recommendations;
  • to certify the public audit staff.

In its activity the Court of Accounts shall comply with the following principles:

  • legality;
  • objectivity;
  • independence;
  • transparency.

The Areas and Entities Subject to Audit

To perform its duties, the Court of Accounts shall audit the following areas:

  • the formation and use of state budget funds, state social insurance budget, budgets of the territorial-administrative units, budgets of the compulsory health insurance funds, including:

    • the formation, use and management of special funds as well as exchequer funds;

    • the formation and management of the public debt, compliance with the governmental guarantees for internal and external credits;

    • the use by public institutions, of grants and funds allotted by foreign donors for the implementation of programmes in which the Republic Moldova participates;

    • the use of budget allocations for investments, subsidies, and other forms of government financial assistance;

  • the implementation of intergovernmental economic and financial treaties;

  • administration and management of public assets;

  • the process of privatization of state assets and of ensuring the post-privatization activity;

  • administration and management of natural resources;

  • the use of state crediting and foreign exchange resources;

  • the accounting records and financial reporting;

  • the activity of other control/public financial audit bodies as well as of the internal control systems;

  • other types of activity referred to by organic laws to the competence of the Court of Accounts.

The Court of Accounts may audit the use of resources, allocated by the European Union, development partners and other donors, whose resources were included in the state budget or budgets of administrative-territorial units.

Types of Audit

The Court of Accounts shall control the management and use of public financial resources and public assets by carrying out:

  • regularity audit;
  • performance audit;
  • other types of audit.

The Court of Accounts shall carry out annually, on a compulsory basis, the audit of the Government reports on the execution of the following during the expired budgetary year of:

  • the state budget;
  • the state social insurance budget;
  • the compulsory medical insurance funds;

Implementation of the Recommendations and Fulfillment of the Requirements of the Court of Accounts

The audited entities and other institutions regarded in the Court of Accounts decisions shall inform about the implementation of the recommendations and/or requirements of the Court of Accounts by the deadline set out by the Court of the Accounts, and shall communicate the measures taken.

If the audited entity fails to implement the Decision of the Court of Accounts and does not inform about the implementation of the recommendations, thus transgressing the legislation, the Court of Accounts shall notify the hierarchically higher bodies and other competent bodies.

Relationships with Parliament

The budget of the Court of Accounts shall be approved by the Parliament before 1 July of the current year. The Parliament shall submit to the Government the approved budget of the Court of Accounts to include it in the draft State Budget Law for the following budget year.

The President of the Court of Accounts shall be appointed by the Parliament for a five-year period, at the proposal of the Speaker of Parliament, based on a majority vote of the elected Members of Parliament. The Parliament Speaker shall propose the candidate for the position of the President of the Court of Accounts after the compulsory consultation of the parliamentary factions.

The members of the Court of Accounts shall be appointed by the Parliament, at the proposal of the President of the Court of Accounts, for a five-year mandate with the majority vote of the elected Members of Parliament. 

The Parliament or parliamentary factions may request the Court of Accounts to perform certain audit work. The audit work may be requested without the decision of the Parliament, at the request of any Parliamentary faction, once a quarter.

The number of staff of the Court of Accounts shall be decided by the Parliament.

The Court of Accounts shall submit annually to the Parliament:

  • by March 15, the financial report on the implementation of its own budget during the expired budget year;

  • by October 10, the Report on the Management and Use of Financial Resources and Public Property, reviewed in the Plenary Meeting of the Parliament.