The role of the Internal Audit in the Decentralized Management of the Pre-accession Funds of the European Union

In the process of introducing the Decentralized Management of the European Union (EU) funds, one of the requirements that a beneficiary country of funds must fulfill, is to establish the internal audit units.

This means that each line ministry or institution, in which the Project Implementation Unit (PIU) is being established, will be obliged to establish the Internal Audit Unit that will be in charge of carrying out the control of its work. In the light of the above, the internal audit of the CFCU and the National Fund (NF) will be carried out by the Internal Audit Unit of the Ministry in which the aforementioned IPA bodies were established.

During the audit in the aforementioned IPA bodies, the role of internal auditors will relate to the verification of the adherence to prescribed EU procedures, documentation, accuracy and financial transactions reliability, as well as any other data relating to the protection of the EU financial interests. Furthermore, during the audit, the internal auditors will endeavor in identifying potential risks and obstacles of employees in the aforementioned bodies, in order to obtained high quality of evidence and recommendations aimed at removing deficiencies and improving the operations...