IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2019v5p162-170.html
   My bibliography  Save this article

The Audit Of Eu Non-Reimbursable Funds

Author

Listed:
  • OCOLISANU ANDREEA

    (LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA)

Abstract

External public audit of non-reimbursable EU funds involves the application of those specific audit procedures to obtain adequate and sufficient audit evidence regarding the legality and regularity of transactions, the completeness and accuracy of the data entered in the accounts, as well as the compliance of the management and control systems with the applicable regulations so that the audit opinion to be substantiated. The article presents essential aspects regarding the audit actions on EU non-reimbursable funds, summarizes the results of the audit activity carried out by the Audit Authority, with particular reference to the programming period 2007-2013, considering its completion, following the impact of the audit opinions through the irregularities or the frauds identified and the reporting to the European Commission, in view of using the audit results for continuing the financing process. The main responsibility for fraud prevention and detection lies with the managing authorities. However, the success of the fight against fraud depends on the joint efforts of managing and certification authorities, auditors and other stakeholders. Each participant in the chain must play its role in protecting the EU's financial interests.

Suggested Citation

  • Ocolisanu Andreea, 2019. "The Audit Of Eu Non-Reimbursable Funds," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 162-170, October.
    • Handle: RePEc:cbu:jrnlec:y:2019:v:5:p:162-170
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2019-05/18_Ocolisanu.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2019:v:5:p:162-170. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.