Basics of Financial Management under IPA Programme

honeydewscreenManagement

Nov 9, 2013 (3 years and 11 months ago)

74 views

IPA Funds Programme Management 12
-
19 sept. 2011


1




Bölgesel Rekabet Edebilirlik Operasyonel Programı’nın
Uygulanması için Kurumsal Kapasitenin Oluşturulmasına
Yönelik Teknik Yardım


Technical Assistance on Institutional Building for the
Implementation of RCOP in Turkey

This project is co
-
financed by the European
Union and the Republic of Turkey

Basics of Financial Management under
IPA Programme

Ankara, 16 September 2011

burcu.arikan@ecorys.com.tr

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


2

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Content

1.
Budget Allocations in IPA Structure

2.
Flow of Funds

3.
Functions and Role of the Finance Division

under the RCP
-
CI
D

and RCOP

4.
Lifecycle of Expenditures

5.
General overview for payment
s


6.
Plenary Discussion

and Questions

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


1)Budget Allocations in IPA
Structure

Let’s

start

from

the

beginning


T
he

Commission

must

keep

tight

control

over

the

way

the

Community

budget

is

executed

since,

under

Article

274

of

the

EC

Treaty,

the

Commission

is

ultimately

responsible

for

budget

implementation

of

both

commitments

and

payments
.


The

Commission

has

to

take

appropriate

steps

to

ensure

that

the

principles

of

sound

financial

management

are

being

adhered

to

in

all

cases
.




3

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



When the Commission
gives

money
?

Implementation of the budget is
only

delegated to Member
States (
shared management
) or third countries
(
decentralised

management
)
if the Commission is
satisfied

that the countries in question will implement the
budget
in accordance with the rules

in force and with the
principles of
sound financial management

and that a
clearance of accounts/financial correction mechanism is in
place to correct potential irregularities.


4

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Before deciding


Before

confer

management

powers

the

Commission

is

checking

the

fulfillment

requirements

to

the

management

and

control

systems



Accreditation

Process





If

you

need

Commission

money

you

should

answer

the

requirements


5

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Requirement for implementation
of IPA
Programme


The Commission confers the management of certain
actions on the beneficiary country, while retaining overall
final responsibility for general budget execution.



For this purposes of assistance under the IPA Regulation
decentralised

management shall cover at least tendering,
contracting and payments

which at the same time refers
to the life cycle of expenditures
.


6

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Accreditation Criteria Annex to
the IPA Implementing Regulation
718


Control Environment


Planning and Risk Management


Control Activities


Monitoring Activities (supervision of interventions)


Communication (ensuring all actors receive information
necessary to fulfill their role)


7

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011





Remember the COSO Model?


8

Control Activities mainly
related with the

financial
management of IPA
funds

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



Candidate Status


Croatia (Hırvatistan)


the former Yugoslav
Republic of Macedonia
(Makedonya)


Turkey (Türkiye)




Potential candidate status



Albania, Bosnia&
Herzegovina (Arnavutluk,
Bosna Hersek)


Iceand (İzlanda)


Serbia and Montenegro
including Kosovo
according to UNSCR 1244
(Sırbistan, Karadağ ve
Kosova)

Budget Allocation (IPA) 2007
-
2013

Instrument for Pre
-

Accession
Assistance


Budget: 11,468 billion euros




Allocation of IPA funds per component for Turkey

Source:
Instrument for pre
-

accession assistance (IPA) revised multi
-

annual indicative financial framework for 2011
-
2013

Component

2007

2008

2009

2010

2011

2012

201
3

1: Support for transition and
institution building

(Kurumsal
Kapasite Geliştirme)

257

250

233

211

231

234

238

2: Cross
-
border
cooperation
(Bölgesel ve Sınır Ötesi
İşbirliği)

2

9

9

10

10

10

10

3: Regional development

(Bölgesel
Kalkınma)

168

174

183

238

291

368

378

4: Human resource development

(İnsan Kaynaklarının Gelişimi)

50

53

56

63

78

90

96

5: Rural development

(Kırsal
Kalkınma)

21

53

86

131

173

198

213

Total in million
EUROS

497

539

566

654

782

900

9
36

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



For Turkey: 2007
-
2013


Total Budget allocation for Turkey under all IPA
Components:
4,874 billion euros



Total Budget allocation for Component 3,


Regional Development:
1,800 billion euros


This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011





For 2007
-
20
13

(Ministry of Science,


Industry and Technology)



Component 3: Regional Development 2007
-
20
13




RCOP

2007

2008

2009

2010

2011

2007
-
2011

2012
-
2013

2007
-
2013

Priority 1 Business environment

36,5

37,9

47,7

80,1

98,5

300,7





Priority 2 Enterprise capacity and
entrepreneurship

9,9

10,2

12,9

2,2

2,3

37,5





Priority 3 Technical Assistance

3,0

3,0

3,9

1,7

2,7

14,3





Totals

49,3

51,1

64,5

84,0

103,5

352,5

223,7 *

576,2*

*
Estimation for 2012
-
2013 based on the MIFF and 33% share of RCOP in Component 3.

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


2) Flow of Funds(Logical
Framework)

EU Contribution:

Fund transfer
from the Commission to the NF


National Co
-

Financing
:

Fund transfer
from
the Line Ministries to the NF


For Both:

Fund transfer
from the NF to Contracting
Authority


13

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


14

FLOW OF FUNDS

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Request of Funds from the Commission
(Brussels)by the NF (Turkey)



Request of Funds from
the Commission
(Brussels)by the NF
(Turkey)



Payments, transfer of
funds from the
Commission(Brussels) to
the NF(Turkey)


15

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


National Authorising Officer
(Ulusal Yetkilendirme Görevlisi)


National

Authorising

Officer

(NAO)
:


is

the

head

of

the

National

Fund

(NF)


has

the

full

responsibility

for

the

financial

management

of

EU

funds



responsible

from

the

legality

and

regularity

of

transactions


responsible

from

the

effective

functioning

of

management

and

control

systems

under

IPA

regulation


16

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


The Responsibilities of the
NAO/NF

Responsibilities of NF&NAO according to Article 26 of
the IPA regulation
:



requesting
funds from the Commission
;



organising the bank accounts;


authorising

the transfer

of funds received from the
Commission to the
Contracting Authority/Operating
Structures




17

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Request of Funds from the
NF

According to Article 40 of the IPA regulation
:


In relation to each IPA component&programme, each year
by the 28 February, each Beneficiary country shall send to
the commission a forecast of its likely payment applications
for the financial year concerned and for the subdequent
financial year.

18

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


To request the funds

S
ignature

of the Financing Agreement, the Contracting
Authority in close cooperation with the OS shall, on the
basis of:


The Procurement Plan and


Commitment and Disbursement forecasts provide
d
to


the NAO / NF with their forecasts for payment
to Contractors.


19

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Payments by the Comission
to the NF

20

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Request of Funds from the
Line Ministries (Brussels)by
the NF (Turkey)



Request of Funds from
the Line Ministries by the
NF (Turkey)


Payments, transfer of
funds from the Line
Ministres to the
NF(Turkey)


21

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


The OS / Contracting
Authority is responsible for
:

22

The request for funds from the National
Fund

ensuring the national co
-
financing


The payment to Contractor





Responsibility of OS/Contracting Authority

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Ensuring the National co
-
financing

23


As a general rule and unless otherwise agreed with
the EC:


Investment projects require national co
-
financing

equivalent to at least
1
5% of total eligible
expenditure under the relevant project


Technical assistance projects require national co
-
financing equivalent to at least 1
0
% of total
eligible expenditure under the relevant project

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Request of Funds from the NF
by the Contracting Authority



Request of Funds from
the NF (Turkey) by the
Contracting Authority/OS



Payments, transfer of
funds from the NF to the
Contracting Authority/OS


24

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Request of Funds From the NF
to the Contracting Authorithy


The amounts of the Requests for Funds are established on
the basis of detailed disbursement forecasts based on the
invoices already checked and approved by the
OS
/Contracting Authority

and end
-
recipients, derived from
detailed commitment forecasts developed by the OS and
payment schedules under signed contracts


25

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011




Finance

Division

is

preparing

the

Requests

for

Funds

on

a

regular

basis

(generally

quarterly

basis)



Finance

Division

is

responsible

to

check

the

approved

limit

and

if

there

is

a

difference

between

the

requested

and

approved

amount

to

clarify

the

issue

with

the

National

Fund


26

Request of Funds from the NF
by the OS/Contracting
Authority

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


3) Responsibilities of Finance
Division under RCP
-
CID / RCOP

27


Sound Financial Management

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Overall Responsibilities of
Finance Division

1)Request for Funds from the National Fund

2)Payment Authorisation and Execution

3)Financial Reporting

4)Accounting


VERY IMPORTANT!

Clear
segregation of duties
between two
functions

-
Finance

-
Accounting




28

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Segregation of Duties


In accordance with the good internal control practice the following

shall be in place in relation to financial procedures:



Segregation between payment
authorisation

and payment
execution



Segregation between financial management and
accounting

A
ccountants

responsible for maintaining the IPA accounting records
are

not
involved in the approval nor in execution of payments

-

Segregation between financial management and
tendering

Accounting
and payment approval functions are separated from
the

tendering
function

29

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Responsibilities of Finance
Division


Finance Function

Staff

Chief of Finance Division


IPA Expert
-

Payment 1

IPA Expert
-

Payment 2


30


Responsibilities


Preparation of Request
for Funds


Execution of payments
for service, framework,
supply and works
contracts


Provision of assistance to
VAT exemption and other
tax related issues


Financial Reporting


This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Responsibilities of Finance
Division


Accounting Function

Staff

Chief of Finance Division


IPA Expert
-

Senior Accountant

IPA Expert
-

Accounting


31


Responsibilities


Organising book
-
keeping
activities


Presto


This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Responsibilities of Finance

1) Request for Funds


Request

of

Funds

from

NF



Verification

of

availability

of

funds

and

c
hecking

if

the

funds

are

available

under

the

relevant

sub
-
account

to

execute

the

payment



Checking

if

the

amount

requested

in

the

Request

of

Funds

are

adequate

for

the

reimbursements,

in

order

to

avoid

a

surplus

balance

of

the

funds

and

late

payments
.


32

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


2) Payments


Receiving requests for payment from contractors, checking legitimacy of
request



Checking and verifying the payment dossier in accordance with the contract
dossier and standard EU procedures in force at the time



Double
-
checking of the Payment Dossier;



Checking

and

verifying

the

“Good

for

Payment”

amount


proposed

by

the

IPA

Expert
-

Payment

1



Checking

the

Transfer

and

Payment

Order

Form

prepared

by

the

IPA

Expert
-

Payment

1

and

make

sure

the

sub
-
accounts,

payment

accounts,

bank

details

of

the

Contractor

and

the

payment

amounts

are

correct,


33

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



3) Reporting


This

function

describes

the

activity

of

financial

reporting

performed

through

OS

Accounting

program,

OS

database

-

MIS

and

reports

prepared

manually

based

on

supporting

information

from

these

systems
.



Reports

submitted

by

the

OS

are

the

basis

for

the

NF

further

reporting

to

the

EC
.

All

reports

are

provided

in

the

standard

format

agreed

by

the

NF




Monthly

Financial

Report
,

providing

to

the

National

Fund,

for

distribution

to

the

NAC

and

EC

Representation

in

Ankara,

monthly

reports

covering

the

status

of

projects

being

implemented

and

the

financial

status

of

each

programme





34

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


4) Accounting


Establishing

and

maintaining

the

accounting

system



Registration

of

the

contracts

with

all

necessary

details
;

such

as

Contract

Number,

Contractor,

Contract

Amount,

Estimated

Payment

Amounts,

Bank

Details

of

the

Contractor,

bank

guarantees
,

payment

requests
;


Organises

the

book
-
keeping

activity
;


Ensures

appropriate

book
-
keeping

and

registration

for

each

programme,

objective,

component,

contract
;

Making

records

of

payments

under

signed

contracts


35

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


36

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


4)
Lifecycle

of Expenditures

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Types of Components


Service
:

Procurement
of
consultancy,

research
,
know
-
how

and

training








S
upplies
:
Procurement
of
equipment
,

materials



Works:

infrastructure
,
superstructure

and
o
her engineering

works


Name of the Training

37



Fee based

Global price

Based on
Direct Costs

Service

(FWC)





Supplies



Works






Twinning



Grants

(Direct
Grants)



This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011






5) Payments to the Consultants
/Contractors

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Sözleşme Türü

(Component

Type)

Avans Ödemesi

Pre
-
financing payment

Ara

ödeme

Interim Payment

Nihai ödeme

Final Payment



Ücret bazlı
Hizmet veya

Birim Fiyat
Müşavirlik

卥S癩v支eWC

⩆敥
-

扡b敤

卥S癩v支eA

⩕湩* Ö物c攠
卵S敲癩獩潮


12
ay veya

daha az
%40

12
-
24 (24
hariç
)

%30

24
ay veya fazlası
%20


6
ayda

bir

(
%90
’ a kadar
)

% 10

Götürü Usulü

Hizmet

Global Price

% 60

N/a

%40

İnşaat

W潲os


卵S灬p

Mal Alımı

┱%




┶%

Hakedis

Ödemeleri Aylık olarak
yapılır.

Ara ödemelerden %5 retention
kesintisi yapılır.

Retention




%40

40

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



Basic Terminology during the

payment process of the project



Contractor: For all types of contracts


Consultant: For service contracts


An official commercial request for payment/payment claim/invoice


The complete contract number


The complete contract title


Invoice number


Date of issue of the invoice


The type of payment claim


The period covered by the payment claim


This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Types of Payments


Pre
-
financing


Further pre
-
financing


Interim Payment


Balance


Different in all components!!!


This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


After the request of payment is
received from a Consultant by
the Contracting Authority:


The

invoice

of

the

Con
sultant

is

registered

in

the

Invoice

Register

upon

receipt

by

the

OS



The

original

invoice

is

also

registered

into

the

accounting

system



The

Invoice

is

checked

with

Invoice

Identification

Control

Sheet



If

approved

a

payment

order

is

prepared

by

Fi
nance

Manager



Once

the

payment

to

the

contractor

is

done

the

Contracting

Authority

shall

inform

the

Con
sultant

about

the

payment



This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Time Frame for payment


Within 45 days of receipt of the contract signed by all
parties and all relevant documents (request for payment,
financial guarantee if applicable).

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011





The submission and approval of the below
documents are necessary to start to 45 days
payment deadline (Example service
contracts)



Invoice / request

for payment


A detailed list of expenses for fees and incidentals which
form the financial report which shall indicate the
cumulative expenditure and the balance available.


Related Progress Report


Expenditure Verification Report

by external auditors


Timesheets for the related period


Working at weekend or national holiday approvals


Subject to the approval of the interim report by end
recipient and Contracting Authority in accordance with
Article 27 of General Conditions


This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


The role of the end
-
recipient:


A copy of the front page of the invoices stating “Read and
Approved” signed and dated by two authorised
signatures one of which is the SRER is a pre
-
requisite for
starting the payment request and execution of the
payment deadline of 45 days.

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



Approval of the progress
report



The approval of the progress report is a pre
-

requisite to proceed with the payment


The period of the progress report should
comply with the period of expenses in the
request for payment/invoice.


The progress reports should be accompanied
by a financial report and an expenditure
verification by the audit firm

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Audit Firm for the expenditure
verification & eligibility of costs


Notification from the Consultant related to the audit
firm


The audit firm has to be a member of an
internationally
-

recognised supervisory body for
statutory auditing according to Atricle 20 of the
contract


CPA or YMM in Turkey

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Basic Terminology

During the implementation of the
project

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Verifications on fees/man
-
days

To execute a payment there should be reliable and
sufficient evidence that:



the experts employed by the consultant have actually
been working on the contract for the number of days
claimed in the Consultant’s invoices


Fees are paid for services actually rendered, the time
worked.


STEs must have CFCU prior approval



This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Eligibility Verifications on Incidentals

Incidental Budget Approval Requests


All incidental expenditure in contract is to be invoiced at
actual cost


The invoice and /or other documents must be compatible
with the Turkish regulations.


A number of items are ineligible, examples include:


VAT, customs and import duties



Types of administration


etc.


This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Exchange Rates



Conversion of expenses incurred in currencies
other than Euro should be based on the monthly
Info

euro exchange rates published by the
European Commission web site.


www.europa.eu.int/comm/budget/inforeuro/index.cfm
?fuseaction=dsp_html_monthly_rates&lamguage=en
)

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Physical Storage of the
Documents


Relevant documentation must be kept for a
7
-
year period
after the final payment made under the contract


All supporting documents are kept carefully

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


54

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



Verification



ensuring

double
-
check

of

all

steps

in

a

transaction




Procedures

for

supervision

by

accountable

management

of

tasks

delegate

to

subordinates



Payment

procedures

(including

procedures

for

confirmation

of

output

delivery

and

eligibility

conditions

“on
-
the
-
spot

where

necessary


AS

YOU

SEE

Control

Activities



mainly

related

with

the

financial

management

of

IPA

funds


This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


55

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



Budgetary

procedures



to

ensure

availability

of

funds

(including

funds

necessary

to

maintain

implementation

if

Commission

funding

is

delayed

or

refused)



Procedures

for

monitoring

delivery

of

co
-
financing



Procedures

for

continuity

of

operations

More
....

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


56

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



Accounting

procedures



ensuring

full

and

transparent

accounting

following

accepted

accounting

principles



Reconciliation

procedures



ensuring

that

wherever

possible

accounting

balances

are

reconciled

against

third
-
party

information




Security

procedures



ensuring

that

assets

and

data

are

kept

secure

from

interference

or

physical

damage



Archiving

procedures

ensuring

that

documents

will

be

available

and

kept

secure

And

More
....

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


57

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011



Segregation

of

duties



ensuring

that

where

different

tasks

in

the

life

of

the

same

transaction

are

allocated

to

different

staff

to

ensure

some

automatic

cross
-
checking

controls



Reporting

of

internal

control

weaknesses



ensuring

that

the

registration

of

any

internal

control

weakness

identified

from

any

source

and

that

management

responses

are

recorded

and

followed
-
up
.


And

More
....

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


58

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


Preminary Discussions

Questions

This project is co
-
financed by the European

Union and the Republic of Turkey

IPA Funds Programme Management 12
-
19 sept. 2011


THANK YOU!

59