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.
Sound financial management of EU Funds is essential to ensure that all European funding resources are spent properly and efficiently. Audits of EU Structural Funds have to follow international auditing standards, a duty which is described in Article 62 of the EU Regulation EC 1083/2006.
Whether internal or external, strategic, financial, operational or reputational risks – these can significantly hinder the work of your authority. In the current economic and financial context the lack of an adequate approach to risk management is an enormous and real threat to the work of any public administration, since nowadays work efficiency and effectiveness in the public sector are more important than ever before. For that reason, it is of extreme importance that public authorities do not rely solely on their intuition in dealing with risks, but use professional formalised risk management as an integral and ongoing part of their general management process.
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.
Numerous audits have shown, that public procurement is perhaps the area in which most irregularities occur regarding European funding legislation. This legislation is tremendously complex and likely to trigger mistakes on the one hand and sometimes blatant attempts of corruption on the other. So administrations in the European Union have a close eye on the correct application of the public procurement laws and regulations. In this European seminar we invite directors, heads of unit, experts, managers and auditors from Managing or Certifying Authorities, Intermediate Bodies, Auditing Authorities and from public or private beneficiaries in all European countries to come to Berlin and learn how to avoid and even detect mistakes, irregularities and fraud in European public procurement.