LAW OF THE REPUBLIC OF MOLDOVA

of November 8, 2018 No. 234

About modification of some legal acts

The Parliament adopts this organic law.

Art. I. - In the Law on the state internal financial control No. 229/2010 (Official monitor of the Republic of Moldova, 2010, Art. No. 231-234, 730), with subsequent changes, to make the following changes:

1. In all text of the law of the word "financial management and control" shall be replaced with words "internal managerial supervision" in the corresponding case.

2. In part (1) Article 1 of the word "legal basis" shall be replaced with words "rules and the basic principles of the organization".

3. In Article 3:

state the concept "internal audit" of the following edition:

"internal audit - the independent and objective activities for provision of guarantees and consultation directed to increase in value and improvement of activities of the public subject. Internal audit assists the public subject in achievement of its tasks by means of systematic and methodical approach, estimating and increasing process performance of management of risks, control and management;";

after the concept "internal audit" to add Article with concepts of the following content:

"internal audit by means of association - the activities of internal audit performed on the basis of the agreement on association signed between two or more public subjects which cooperate for ensuring activities of internal audit;

internal audit on contractual basis - activities of internal audit which is booked by the legal entity or physical person with competences in internal audit (supplier) involved by the public subject (beneficiary), performed according to provisions of this law;";

replace the concept "internal control" with the concept "internal managerial supervision" of the following content:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info