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PUBLIC INTERNAL FINANCIAL CONTROL

PUBLIC INTERNAL FINANCIAL CONTROL. General Harmonization Directorate of Public Internal Financial Control Ministry of Finance and Economy Ms. Kesjana Halili. PIFC Concept. Internal Control.

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PUBLIC INTERNAL FINANCIAL CONTROL

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  1. PUBLIC INTERNAL FINANCIAL CONTROL General Harmonization Directorate of Public Internal Financial Control Ministry of Finance and Economy Ms. Kesjana Halili

  2. PIFC Concept

  3. Internal Control • IC - a process designed to provide reasonable assurance on the achievement of the public entity objectives in these areas: • effectiveness and efficiency of the activity; • reliability of financial reporting; • compliance with the applicable legislation and rules. • Introduced in 1992 by the Committee of Sponsoring Organizations of the TreadwayCommission (COSO) and further developed by: • worldwide organizations (COSO-ERM, GAO, INTOSAI, NAO, EUROSAI, SIGMA, CCA, IIA, IFAC, CIPFA, KE). • IC is used in the private and public sector.

  4. PIFC- developed by the European Commission Internal Control (based on COSO model) • Decentralized managerial accountability for good governance of institutions Internal Audit (based on IPPF standards) • A functionally independent advisory and consultancy service • Leader of the reform • Coordinated and standardized methodology Central Harmonization Unit

  5. PIFC Components • Sound PIFC systems in the public sector, a requirement for EU candidate countries.

  6. Legal Framework • Law "On Financial Management and Control", no. 10296, dated 08.07.2010, as amended by law no. 110/2015, dated 15/10/2015; • Order no. 89, dated 28.12.2015 "On the approval of the methodology for monitoring the performance of public entities“; • Instruction no. 16, dated 20.07.2016 "On the responsibilities and duties of FMC and risk coordinator in public units"; • Instruction no. 21, dated 25.10.2016 "On Executing Officers of All Levels"; • Order no. 108, dated 17.11.2016 "On the approval of the Financial Management and Control Manual".

  7. Status of Implementation

  8. Monitoring and Evaluation of FMC • Planning • MTBP – 3year Strategic Planning • Operational Work Plans • Continuous assessment and monitoring • 4-monthly Budget Monitoring Reports • The annual report of the actual budget • Annual Report on the Functioning of the Internal Control System • Self-assessment and annual management statement of internal control systems • Internal Audit • External Evaluation • High State Control

  9. PIFC Annual Report Government HSC Parliament Ministry of Finance and Economy PIFC Annual Report Annual Report on the Quality of Internal Control Self-assessment questionnaires of FMC and IA Monitoring of the performance indicators by MFE

  10. The purpose of the report

  11. Performance Indicators

  12. Indicator assessment method Budget and Treasury Indicators FMC and IA indicators

  13. Evaluation of ministries according to performance indicators for 2016

  14. Evaluation of Municipalities according to Performance Indicators for 2016 Ranking the main district center municipalities, according to performance indicators, compared with 2015

  15. Evaluation of Municipalities according to Performance Indicators for 2016 Rankings of other Municipalities that have Audit Units

  16. Evaluation of Municipalities according to Performance Indicators for 2016 Rank of municipalities that do not have audit units according to performance indicators

  17. Thank You!

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