ANNUAL MEETING OF ISPA PARTNERS 2003 FINANCIAL MANAGEMENT

ANNUAL MEETING OF ISPA PARTNERS 2003 FINANCIAL MANAGEMENT AND CONTROL APRIL 9 -10, 2003 ISPA EDIS PROCESS IN ESTONIA Mr. Raivo Sulg

Challenges in financial management and control and links for following SF and CF implementation in Estonia l Proper and coherent accounting treatment of transactions l Ensuring efficient and sufficient legal basis, in order to ensure that the notions would be followed by all Ministries and Implementing Agencies 9/26/2020

Internal audit l Critical role for the process l A few vacant positions for internal auditors during the first stages of EDIS, have been filled with experienced staff l The observance of the same methodology, while performing the risk assessment exercise 9/26/2020

ISPA Audit Manual l Prepared during the EDIS process l ISPA audit methodology will be taken over by all audit units of the ISPA administration before the Cohesion Fund 9/26/2020

Central coordinating bodies l Set up for all EDIS stages l Important for ensuring NAO’s concise overview of the process in Line-Ministries and Implementing Agencies l Involvement of all relevant staff from other departments (personnel, IT etc. ) 9/26/2020

Parallel preparation process for the implementation of SF-s and CF l National Fund will be the Paying Authority for – Structural Funds – Cohesion Fund l Financial Control Department - the external auditor of pre-structural funds- responsible for – 5% and 15% checks – completing the winding-up declarations l Implementing Agencies will continue their particular activities with Cohesion Fund l CFCU in the Foreign Financing Department will be responsible for – ex-ante control system 9/26/2020

Constant improvement l We remain open to any additional suggestions and recommendations to be able to guarantee efficient usage of ISPA funds in Estonia 9/26/2020

Thank You! l Contact us: – internet: http: //www. fin. ee/eng – address: Ministry of Finance Suur-Ameerika 1 Tallinn 15006 Estonia 9/26/2020