Abstract:

Effective use and proper management of public resources under applicable laws are some of the preconditions for the success of reforms that lead to economic and social development. Therefore, external public audit plays an essential role in ensuring a better financial management system and in promoting managerial culture, contributing to the formalization of the economy, transparency and accountability in the management of public funds, and auditors' recommendations lead to an increase in the performance of public institutions. The study focuses on the work of the National Audit Institutions in Albania and Romania. The first section deals with the main aspects of the National Audit Institutions, including their organizational and financial structure, followed by a comparative analysis of the communication based on the annual reports of their activity. Conclusions of this paper emphasize the need to amend the existing legal framework following the best international practices and standards, as well as the mutual reinforcement of the two institution’s activity. Even if their activity is different in many respects, the purpose of their operation is the same: they are the guardians of public finances in the service of citizens and good governance