MODERN MODELS OF INTERNAL FINANCIAL CONTROL

In recent years, management has become increasingly concerned with the organization and operation ways of internal control, being always in search for practical solutions. COSO and CoCo internal control frameworks are one of the most recognized and applied by practitioners.

In the Republic of Moldova, the internal control system is implemented in the public entities and public companies, which allows them to better manage the activities necessary to achieve the objectives. In this paper the authors highlight the advantages and peculiarities of internal control frameworks in the public and corporate management system.