Management control in the light of the European Commission guidelines – goals and challenges

Abstract

Management control allows to improve the management of the unit and contributes to improving the efficiency and effectiveness of the tasks performed. Its main challenge is for individuals to achieve specific goals by performing tasks in an efficient, effective manner, in accordance with legal regulations and reflecting reality. For the proper and effective operation of management control in an entity, an important role is played by the entity's self-improvement, ongoing diagnosis and monitoring in order to improve operations. When considering management control and the challenges it faces, it should be emphasized that the results of the undertaken activities affect the spending of public funds in accordance with the regulations. The study takes into account the regulations and guidelines of the European Commission in the field of management control. The efficient operation of the management control system is related to the self-improvement of the organization, ensuring constant diagnosis and monitoring, so that the unit's operation can be improved.