The present book on Public Sector Accounting, Auditing and Control
in South Eastern Europe provides a structured analysis of the respective
Public Financial Management Functions in Croatia, Poland, Romania,
Serbia, Slovenia, the Federation of Bosnia and Herzegovina, the Former
Yugoslav Republic of Macedonia and the Republic of Srpska. It covers
four member states of the European Union, two candidate countries
as well as a potential candidate country. The structure of the analysis in
general follows the structure used in other titles of the series, in particular Public Sector Accounting and Auditing in Europe: The Challenge of Harmonization, edited by Isabel Brusca, Eugenio Caperchione, Sandra
Cohen and Francesca Manes Rossi.
Public Financial Management is a critical part of good governance
and, as studies such as the one of the IMF in 2012 shows, an enabler
for fnancial stability and economic growth. Accounting, Auditing
and Control are critical parts of any state of the art, integrated Public
Financial Management System. Therefore, the book addresses a topic,
which is of much broader relevancy than it looks like at frst glimpse. In
fact, successful implementation of such systems and subsystems is critical at societal level. As the example of Switzerland shows, the investment into such systems is considerable, but easily amortized almost immediately, simply by assets found, not even taking into consideration the more indirect effects.