Chapter 32: Financial Control
The acquis under this chapter relates to the adoption internationally recognised frameworks and standards, as well as EU good practice, on public internal financial control (PIFC), based upon the principle of decentralised managerial accountability. PIFC should apply across the entire public sector, and include the internal control of financial management of both national and EU funds. In particular, the acquis requires the existence of effective and transparent management systems, including accountability arrangements for the achievement of objectives; a functionally independent internal audit; and relevant organisational structures, including central co-ordination of PIFC development across the public sector. This chapter also requires an institutionally, operationally and financially independent external audit institution that implements its audit mandate in line with the standards of the International Organisation of Supreme Audit Institutions (INTOSAI) and reports to the parliament on the use of public sector resources. In addition, this chapter also covers the protection of the EU’s financial interests against fraud in the management of EU funds and the protection of the euro against counterfeiting.
- 1. Public Internal Financial Control (PIFC)
- 2. External audit
- 3. Protection of the EU’s financial interests
- 4. Protecting the euro against counterfeiting
Council and Parliament regulations and directives, Commission decisions, European Court of Justice decisions, EU Commission recommendations
ALBANIAN LAW / DECISION OF COUNCIL OF MINISTERS / ORDERS
Law – No. 10 296, dated 08.07.2010, amended by law no. 110/2015 and law no. 14/2023
On financial management and control
Strategy for the management of public finances 2014-2020
Decision – No. 698, dated 10.10.2012
“Approval, in principle, of the special agreement, between the Council of Ministers of the Republic of Albania and the Government of the Kingdom of Sweden, for the improvement of financial management and control of public funds (phase i)”
Decision – No. 640 dt. 11/ 6/ 2009
Order no. 113, dated 23.12.2020
Approval of the methodology for the evaluation of the quality of the internal control system in the general government units
Order no. 108, dated 17.11.2016
Order no. 221, dated 1.12.2021
some additions and changes in order no. 117, dated 01.04.2019 for the approval of the methodology for monitoring the performance of the internal control system of public entities
Instruction – No. 39 dated 24.12.2018
Procedures for closing the annual budget accounts for 2018
Instruction – No. 16 dated 20.7.2016
responsibility and duties of the coordinator of financial management and control of the risk coordinator in public units
Instruction – No. 4 dated 29.1.2020
delegation of rights and duties in the general government unit