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REPUBLIC OF TURKEY PRIME MINISTRY Undersecretariat o f Treasury

REPUBLIC OF TURKEY PRIME MINISTRY Undersecretariat o f Treasury. AUDIT AUTHORITY. REGIONAL COMPETITIVENESS OPERATIONAL PROGRAM (RCOP) Ankara, 27 June 2012. Our presentation consists of three parts : Section 1: Objectives and Scope of our Audit

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REPUBLIC OF TURKEY PRIME MINISTRY Undersecretariat o f Treasury

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  1. REPUBLIC OF TURKEY PRIME MINISTRY Undersecretariat of Treasury AUDIT AUTHORITY REGIONAL COMPETITIVENESS OPERATIONAL PROGRAM (RCOP) Ankara, 27June2012

  2. Ourpresentationconsists of threeparts: Section 1:Objectives and Scope of our Audit Section 2:AuditActivitiesCarriedOutForthePeriod of 01October 2010 –30 September 2011 Section 3: Audit Activities to be Carried Out for the Period of 01 October 2011 – 30 September 2012

  3. SECTION 1 Objectives and Scope of our Audit

  4. ObjectivesandScope of theAudit The AA is responsible for the verification of the effective and sound functioning of the management and control systems. AA also verifies the reliability of accounting information provided to the European Commission. For this purpose,AA carries out sub-systems audit and audit of operations.

  5. ObjectivesandScope of theAudit (Cont.) • AA prepares reports for each sub-system audit and audit of operations. • AA also prepares AnnualAudit Activity Report (AAAR)and AnnualAuditOpinion (AAO)and submits these reports to EC, CAO and copies to the NAO at the end of each year.

  6. Classification of Findings Inouraudits; Themateriallevelsforthefindingsweredetermined as; Minor Intermediate Major accordingtotheeffect on IPA ImplementingUnit Management and Control System.

  7. SECTION 2 Audit Activities Carried Out For the Period of 01 October 2010 – 30 September 2011

  8. AuditActivitiesFor the Period of01 October 2010 – 30 September 2011 Follow-up of the previous year's findings Subsystem Audits Quality Assuranceand Control Monitoring Audit of Operations Verification of the changes in the management and control systems Follow up of thepreviousandcurrent year’s findings

  9. Subsystem Audits Weauditedsubsystems of “QualityAssuranceand Control” and “Monitoring” andwe had 3 MINOR-LEVEL findings, 2 of whicharefrom “Monitoring” and 1 is from “QualityAssurance”. Weclassifiedourfindingsaccordingto COSO model: 1 of ourfindingsfallsunderthe “Control Activities” componentand 2 of them is in “Monitoring” component. Amongthese 3 findings, 1 of themwhich is in “Monitoring” is closedandtheother 2 arecurrentlyopen.

  10. Audit of Operations Wecarriedout an operationalauditbetweenJune-September 2011. Weaudited32.116.818 EUROexpenditure (92.8 % of the total expendituredeclaredtotheCommission). 32 millionEuros of thisamountbelongstothe“Greater Anatolia GuaranteeFacility”operation.

  11. Verification of the changes in the MCS In addition to sub-system audits that are performed during the year, Audit Authority gives special attention to the changes in the Management and Control Systems. • The AA’s assessment of the completeness of the changes, i.e. whether all changes are correctly communicated to the NAO, • The AA assessed the NAO’s role in assessing and approving the changes, • The AA assessed the impact of the changes to the design and the effective functioning of the MCS, • In this context, the significant changes in the management and control systems and impact assessment of the changes by AA weregiven in AAAR

  12. Final Follow-up Wealsoperformed a follow-up of the findings stated in the previous year's Annual Audit Activity Reportandof the findings of current year audits.

  13. Reporting AnnualAudit Activity Report:We prepared an AAAR for the period between 1 October 2010 - 30 September 2011 at theend of 2011. In this report we summarized all the weaknesses we had found in the management and control systems in the implementation of RCOP. AnnualAuditOpinion: We also prepared an Annual Audit Opinion on whetherthemanagementandcontrolsystemsfunctioneffectivelyandconformtotherequirements of relevantregulations Wesubmittedthesereports to EC, CAO and copied to the NAO.

  14. SECTION 3 Audit Activitiesto be CarriedOutfor the Period of 01 October 2011– 30 September 2012

  15. AuditActivitiesto be CarriedOutfor the Period of01 October 2011– 30 September 2012 Follow-up of the previous years' findings Subsystem Audits Risk Management (including irregularity management) Financial Management(including payment and accounting) Audit of Operationsfortheend of 2011 Verification of the changes in the management and control systems Follow up of the previous and current years` findings

  16. CurrentStatusof ourAuditFindings

  17. REPUBLIC OF TURKEY The Board of TreasuryControllers AuditAuthority THANK YOU FOR YOUR ATTENTION. Ergül HALİSÇELİK Ali ÇALIŞKAN SeniorTresury Controller Treasury Controller e-mail:ergul.haliscelik@hazine.gov.tre-mail:ali.caliskan@hazine.gov.tr

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