THE CONSTITUTIONAL AND LEGAL STATUS OF THE ROMANIAN COURT OF ACCOUNTS

In order to follow the way in which all incomes are charged and the expenses approved by the state budget are used, the Parliament has set up an independent and neutral specialised institution that is meant to exercise a detailed control over the formation, administration and use of all the financial resources of the state and of the public sector. This independent and neutral body is the Romanian Court of Accounts which represents an autonomous, central specialised authority, regulated by the IV Heading of the Romanian Constitution, revised and republished in 2003. Considering the necessity of strengthening the financial discipline in the formation, administration and use of public funds, the Court of Accounts (CoA) assumes its role of watchdog in upholding the law in all matters mentioned above. Such a role is even more important as besides national public funds there are also an important number of non-reimbursable credits granted to our country by the European Union. From this point of view, the CoA should reinforce its status of strong, fully independent institution with wide and complex responsibilities .Court of Accounts, constitution, independent and neutral body, central specialized authority, autonomous character, public funds, legality.