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The Court of Accounts of the Republic of Moldova: from financial control to audit. Progresses in Public Debt Audit

The Court of Accounts of the Republic of Moldova: from financial control to audit. Progresses in Public Debt Audit. Vilnius, 10.06.2011. Historical landmarks of the CoA of the RM. 1994 – was created the CoA of the Republic of Moldova; the Court becomes a member of EUROSAI and INTOSAI

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The Court of Accounts of the Republic of Moldova: from financial control to audit. Progresses in Public Debt Audit

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  1. The Court of Accounts of the Republic of Moldova: from financial control to audit. Progresses in Public Debt Audit Vilnius, 10.06.2011

  2. Historical landmarks of the CoA of the RM • 1994 – was created the CoA of the Republic of Moldova; the Court becomes a member of EUROSAI and INTOSAI • 2000 – the CoA is a member of the Council of heads of Supreme Audit Bodies of the CIS member states • 2006 – starts the process of reforming the CoA, from Supreme Control Institution of the State into Supreme Audit Institution – Strategic Development Plan approval of the CoA for 2006-2010 • 2008 – New law of the CoA was approved, the status of Supreme Audit Institution was assigned Vilnius, 10.06.2011

  3. Factors that made the reform an imperative of time  • Action Plan Republic of Moldova – European Union • Objectives for the implementation of the Public Internal Financial Control, established by the Government in various strategies • The CoA’s desire to align with best international practices and standards Vilnius, 10.06.2011

  4. Four main directions of reforming the CoA(from SDP) • Institutional strengthening • Professionalism • Staff development • A greater impact of the CoA's work Vilnius, 10.06.2011

  5. Stages of reform the CoA • February-April 2006 - development, coordination, approval and launch of the Strategic Development Plan of the CoA for 2006-2010 • May 2006 - January 2007 - Pre-designed and initiation phase • February 2007-December 2009 - the proper implementation of the Strategic Development Plan of the CoA • January-March 2010 - evaluation of the implementation of the Strategic Development Plan and strategic planning for the next five years Vilnius, 10.06.2011

  6. The transition has allowed the CoA • To perform a higher volume of work with the same resources • To use more widely the possibilities of modern information technologies • To use best practices • To become an active member of specialized international bodies • To raise the level of credibility in the work performed Vilnius, 10.06.2011

  7. Benefits for the Society • Enhance the responsibility of public authorities managers • Increase of the level of regularity, economy, efficiency and effectiveness of public money • Transparent use of public money and assets • Taxpayers are assured of a better management of resources; • Higher degree of international partnership for the Country Vilnius, 10.06.2011

  8. Thank you for attention! Vilnius, 10.06.2011

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