Purpose – The purpose of this paper is to identify the structure of local government environmental expenditures by purpose, term and economic type, as well as the sources of their financing. Design/methodology/approach – Research and data analysis were carried out on the basis of relevant sources of data gathered from the publicly available decisions on annual statements of accounts for 2011, published on local governments’ internet pages. Findings – The main domains of expenditures are pollution abatement, waste and wastewater management and protection of biodiversity. The most of expenditure relates to operating expenses, while only a few percent relates to long-term investments. The most of environmental protection expenditures are financed from the local government organization's (LGO) general budget. Practical implications – In the field of environmental protection, the most significant direct responsibility lies with local governments. On the other hand, information on the structure of environmental protection income and expenditures at the local government level is very limited and highly defragmented. The study may represent a starting point for further research in this field. Originality/value – The methodology and the results reported in this research could be used for exploring environmental policy of LGOs in other European countries.

Korporativno upravljanje možemo da posmatramo kao sistem pomoću kojeg se aktivnosti organizacije usmeravaju i kontrolišu. Okvir korporativnog upravljanja ima dva aspekta, aspekt komformnosti i aspekt uspešnosti. Odgovornost za komfornost obuhvata pružanje uveravanja interesnim stranama. Odgovornost za uspešnost odnosi se na strategije, kreiranje vrednosti i upotrebu resursa. Jedan od osnovnih principa procesa korporativnog upravljanja je procenjivanje ovog procesa od strane nezavisnog internog revizora.Ključni učesnici u korporativnom upravljanju su uprava (odbor), izvršno rukovodstvo, interni revizor i eksterni revizor. Odbor i više rukovodstvo polažu račune za efektivnost procesa korporativnog upravljanja, procesa upravljanja rizicima i kontrolnih procesa. Radi pribavljanja objektivnog uveravanja o tim procesima oni se oslanjaju na internog revizora. Aktivnost interne revizije za svoj rad polaže račune odboru. Pružanjem objektivnog i relevantnog uveravanja o efektivnosti procesa korporativnog upravljanja, procesa upravljanja rizicima i kontrolnih procesa interna revizija pomaže rukovodstvu da ostvari svoje strateške, operativne i finansijske ciljeve i ciljeve usklađenosti i tako dodaje vrednost organizaciji i njenim interesenim stranama.

The present paper tries to investigate the impact of the decrease of local governments' budgets on the local government environmental investment policies. The significant adverse variances between budgeted and actual amounts point to the fact that environmental protection is not yet a high priority issue in the local government management policies. The analysis of the structure of planned and actual investments by purpose, and their realization index show that local governments allocate the largest amount of expenditures in waste management. Moreover, a high index of realization of these expenditures additionally indicates that waste management has the highest priority within the environmental function in both years, what could be explained by regulated and stable financing of this function by earmarked funds. The results are instructive for local governments and may encourage them to increase the share of earmarked funds for financing environmental protection. The analysis of environmental protection investment policies of local governments in this paper is based on comparison of the series of indices calculated as the relation between actual and budgeted amounts of total, environmental and components of environmental expenditures, as well as of total and environmental income of local governments

Profesionalno zvanje Certified Internal Auditor® (CIA®) (Sertifikovani interni revizor), kao globalno priznato zvanje, oličava standarde znanja i kompetencija internih revizora. Široka prihvaćenost ovog zvanja prvenstveno je rezultat visokog kvaliteta nastavnog programa, koji se neprestano usklađuje sa potrebama poslodavaca. Zainteresovanost internih revizora za sticanje ovog profesionalnog zvanja rezultat je njegove opšte priznatosti u međunarodnom okruženju i činjenice da nosioci profesionalnog zvanja CIA imaju zarade koje su veće od zarada drugih internih revizora. U ovom tekstu prikazani su: sadržaj CIA programa, alatke za učenje i drugi resursi, kao i literatura za pripremu CIA ispita. U tekstu se takođe razmatraju usklađenost CIA programa s zahtevima Međunarodnih standarda interne revizije Instituta internih revizora. Osnovni zaključak je da je program za sticanje profesionalnog zvanja CIA® usklađen sa zahtevima koji su utvrđeni Međunarodnim standardima interne revizije i da obezbeđuju sticanje zahtevanih znanja i kompetencija.

This study focused on the effect of investments in fixed assets on the employment growth in Serbia during the period from 2013 to 2020. The data are drawn from the publicly available data of the Serbian Business Register Agency and include all registered companies in the country which submit-ted their annual reports. The results show the high correlation between yearly investment in fixed assets and employment growth. We also concluded that the average annual investment in fixed assets grows from year to year, making the opening of a new workplace each year more expensive.