They need to ensure that their audit methods are up-to-date, accurate and capable to uncover bad governance so that they can recommend innovative and adequate solutions.
Old threats in a new environment
Due to the expanding of responsibilities and new fields of activities, public sector auditors need to extend their know-how on a daily basis. At the same time, fraud and corruption remain the biggest threat to a proper functioning of public institutions. The European Academy for Taxes, Economics & Law supports internal and external auditors by providing the high-quality practical seminars and trainings in key issues such as:
Extend your expertise by participating in the various events held by the European Academy for Taxes, Economics & Law in this area.
See our range of training opportunities in EU Funding here.
Public sector organisations are under increasing pressure to achieve “more and more” with “less and less”. As a responsible for the modernisation of processes in your institution you have to meet distinct challenges: You have to keep up with changing demographics and both detect and improve poor performance whilst still offering high quality service.
Many authorities within the management and control system of EU Funds still face considerable difficulties and uncertainties when it comes to detecting and handling (suspected) fraud cases. They are presented with the challenge of distinguishing these cases from irregularities as well as identifying necessary actions.
In current times of tight public budgets, public administrations must set and achieve their goals in the most effective, efficient and economical way. This new obligation also alters the responsibilities of auditors in the public sector. To ensure that public institutions operate most efficiently and effectively, auditors can no longer focus on their traditional task of financial audits.
The European Commission has set out detailed arrangements on the management and control systems to be operated by Member States for the EU Structural Funds in both programming periods (2007-2013 and 2014-2020).
In times of austerity, audits of public procurements have gained in importance.However, practitioners from public adiminstrations often find auditing public procurement processes to be one of the most challenging and complex fields to audit.
The amount of information being processed and thus needing to be audited continuously increases. To keep up with this heightened complexity, it is crucial to stay up-to-date on the latest developments in the field and optimise the use of existing tools and procedures.
Internal auditors in public institutions around the world face a unique range of challenges. Their work implies more than simple determination whether controls are in place and regulations are obeyed. Internal audit professionals have to comply with national and international audit standards to be able to identify potential fraud indicators.