Review article
https://doi.org/10.25234/pv/9536
IMPLEMENTATION OF RECOMMENDATIONS ON THE AUDIT OF THE PERFORMANCE OF THE SUPERVISORY BOARDS OF TRADE COMPANIES ON THE OWNERSHIP OF LOCAL AND REGIONAL (SELF) GOVERNMENT UNITS
Dubravka Mahaček
orcid.org/0000-0001-8336-4069
; State Audit Office, Regional Office Požega, Kamenita vrata 8, 34 000 Požega; Associate Professor, Faculty of Medicine, Josip Juraj Strossmayer University of Osijek, Josipa Huttlera 4, 31000 Osijek
Abstract
The State Audit Office of the Republic of Croatia audits companies’ performance and gives recommendations for performance improvement. The Office reviews the implementation of the recommendations and establishes whether the companies acted in accordance with the recommendations. The aim of this paper is to determine whether local and regional self-go- vernment units-owned companies, whose supervisory boards’ performance were audited, im- plemented the recommendations given. In this context, it analyses the types of recommen- dations given, their occurrence, and failure to implement them. The analysis was conducted into the recommendations’ implementation reports. On the basis of the data collected, the recommendations were surveyed by application of statistical analysis method, comparison, and synthesis. In conclusion, the research results confirmed for a large number of non-im- plemented recommendations, the assumption that it is necessary to set the written rules and criteria for the appointment of the members of the Supervisory Boards. The results also show that the implementation of the recommendations both affects the line of business and has a positive impact on the public sector.
Keywords
auditing; efficiency; recommendations; companies; Supervisory Board
Hrčak ID:
242005
URI
Publication date:
31.7.2020.
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