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Auditing the Financial Crisis Kees Vendrik, vice president NCA. 1. Scope and Stage: the Focus of SAIs EU as an institution and EU measures serve as context ànd object of activities
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Auditing the Financial Crisis Kees Vendrik, vice president NCA 1
Scope and Stage: the Focus of SAIs • EU as an institution and EU measures serve as context ànd object of activities • Wide range of SAI activities; not only audits but also enhanced monitoring and websites (creating insight/overview) • (National) financial stability and fiscal sustainability are key 1
Insight in spending cuts: measures taken >hierkomt de tekst >hierkomt de tekst >hierkomt de tekst 2
What risks do public finances face? (1) > hier komt de tekst > hier komt de tekst > hier komt de tekst 3
What risks do public finances face? (2) > hier komt de tekst > hier komt de tekst > hier komt de tekst 2
Credit crisis: what measures have been taken? > hier komt de tekst > hier komt de tekst > hier komt de tekst 2
Role of SAI’s? • Providing information for good decision making • Role upfront, to secure accountability arrangements • Visualisation! 2