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Outline of the control approach

Outline of the control approach. GNIC/332. Content of the presentation. Purpose and structure of the document Focus on new or modified elements of the GNI OR verification framework Preliminary timetable for the GNI OR verification cycle. Purpose of the document.

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Outline of the control approach

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  1. Outline of the control approach GNIC/332

  2. Content of the presentation Purpose and structure of the document Focus on new or modified elements of the GNI OR verification framework Preliminary timetable for the GNI OR verification cycle

  3. Purpose of the document • to give an outline of the GNI OR verification process; • to put together all elements and principles inherent to the verification process; • to give references to the specific documents dealing with individual aspects of verification; • to give more detailed information on those elements that are not dealt with in other GNIC documents.

  4. Structure of the document Brief information on the legal framework Brief information on the annual verification of the data transmitted with the GNIQs and QRs Multiannual verification of sources and methods for GNI – individual elements and principles Preliminary timetable for the GNI OR verification cycle

  5. Multiannual cycle – individual elements and principles • GNI Inventories and Process Tables • Risk assessment • Use of expertise of other units in Eurostat • Desk checks • Cross country analyses of transversal issues • GNI information visits, including direct verifications • Mission reports and action points • Reservations • Principles (transparency, cost-effectiveness)

  6. Multiannual cycle – what's new? GNI Inventories • Slightly modified structure • Contents defined in more detail • More numerical evidence • Stronger links with the Process Tables • Coverage of most of the GIAQ questions • Chapter 1 will be published separately and can be used for purposes other than the GNI verification

  7. Multiannual cycle – what's new? Formalised risk assessment Aim: to assess the risks associated with the compilation of GNI OR in MS in order to: • structure the GNI verification process in terms of the use of the available verification tools in the individual MS (part 1); • define the list of high-risk transversal issues to be verified in all MS (part 1); • identify those areas of GNI compilation in individual MS that should be considered for direct verification (part 2).

  8. Multiannual cycle – what's new? Formalised consultations with other units in Eurostat • utilisation of domain specific expertise • formalise existing cooperation structures and incorporate them into a new structured approach • two step approach • areas having a key impact on the GDP/GNI have been identified and consulted

  9. Areas with major impact on GNI 1) Balance of Payments • Non-financial National Accounts (Main aggregates and Sector accounts) 3) Government Finance Statistics 4) International Trade in Goods Statistics 5) International Trade in Services Statistics 6) Foreign Direct Investment Statistics 7) Foreign Affiliates Statistics 8) Business Registers 9) Structural Business Statistics 10) Labour Force Survey 11) Household Budget Survey 12) Economic Accounts for Agriculture

  10. Consultation: 2-Step-Approach Step 1: Identification of risky countries General subjective assessment of the risks in the respective domains (including the level of compliance) with relevant domain specific requirements using existing information and the colleagues’ knowledge about their constituency Step 2: Identification of particular risks More detailed interviews aiming at the identification of important and relevant shortcomings in sources and of major cases of non-compliance in individual Member States

  11. Step 1: risky countries • grouping of Member States into categories: low, medium or high risk • Identification of particularly risky countries • input for step 1 of GNI Risk assessment • finalised mid-March

  12. Step 2: Identification of particular risks • interview of approximately 2hrs • domain specific questions for each area • re-use of already existing information (quality reports or assessments, non-compliance information, statistical working papers or recommendations) • 2nd step will be one of the many elements that feed into the second stage of the risk assessment analysis for the GNI verification process • ongoing

  13. Follow up and future steps • specifying questions for the GNI information visits; discussing the measures applied in national accounts to rectify the deficiencies in the source statistics; direct verification etc. • If no appropriate measures are implemented by national accountants in the MS in order to rectify the identified deficiencies in the sources, GNI reservations may be placed • No request to MS to rectify the source

  14. Timetable

  15. Multiannual cycle – what's new? Desk checks One desk officer is responsible for 2-3 countries and one or more transversal issues Some parts of Inventory will not be subject to detailed checks with GIAQ for the low and medium risk countries

  16. Multiannual cycle – what's new? Cross country analyses of transversal issues • Exhaustiveness; • Balancing of GDP; • Dwelling services; • FISIM; • Cross-check of statistical and administrative data sources; • Balance of Payments; • Euro banknotes (for the Euro zone MS); • Research and Development; and • Weapon systems in government.

  17. Multiannual cycle – what's new? GNI information visits, including direct verifications There will be more direct verifications of the GNI Inventories Choosing areas for direct verification is linked to the risk assessment

  18. Multiannual cycle – what's new? Mission reports and action points New typology of action points: A: possible improvement of methodology required; B: submission of new information, clarification or correction of already existing information in the GNI Inventory; C: points to be implemented by Eurostat. Some action points can be transformed into reservations directly after the mission

  19. Multiannual cycle – what's new? Reservations Reservations can be placed earlier in the verification process Enhanced transparency in GNIC: • progress reports on reservations of each MS; • technical opinions on lifting reservations made available

  20. Multiannual cycle – what's new? Principles Cost-effectiveness: • risk assessment; • materiality threshold Transparency: • overall results of risk assessment; • functioning of the materiality threshold; • progress reports on reservations and transversal issues; • technical opinions on lifting reservations

  21. Preliminary timetable

  22. Thank you for your attention

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