Financial accountability and transparency of public sector institution in the Republic of Serbia

The research problem assessed in the paper is financial accountability and transparency of public sector financial operations in the Republic of Serbia as a country in transition. The methodological approach applied in the assessment is based on analysis of content of the Serbian State Audit Institution (SAI) over the last five years and using the legal-dogmatic method. The results of the analysis of the SAI reports provide insight into the bottlenecks of financial accountability in the public sector and enable identification of recommendations for improvement. Application of the legal-dogmatic method reflects the normative complexity and role of the SAI in the system of public expenditure control and in other state institutions relevant for strengthening of transparency of financial operations.