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Pressemitteilungen zu dem Thema financial control


PresseMitteilungen zu dem Schlagwort financial control

Fraud Risk Is on the Rise for Nonprofits -- and the Impact Can Be Fatal

NEW YORK, NY -- (Marketwired) -- 04/14/15 -- Nonprofit fraud is on the rise, according to a number of sources, and may account for 10% of all fraud in the U.S.(1) The implication is that many nonprofits are at risk, probably due to a deficit in financial controls."Financial control failures are common at nonprofits and can sometimes be fatal. Leaders of nonprofits would be well served to take steps to assess their risk, tighten controls and detect fraud as early as possible," said in ...


6th European Summer Academy “Financial Control Of EU Funds”

Due to increased European audit requirements for projects managed with EU Funds, national authorities have to meet the challenges of stronger financial controls and to carry out the respective audits. The irregularities discovered by the European Commission or by the European Court of Auditors can have serious consequences including repayments. Building assurance of proper use of public money is an area of shared management between the Commission and the Member States. In the Member States, all ...


International Audit Standards for EU Funded Projects

Audits of EU Funds have to follow international auditing standards, a duty which is described in Article 62 of the EU Regulation EC 1083/2006. These audit standards will continue to apply during the new programming period 2014-2020. When auditing EU-funded projects, auditors at all levels have to consider a large amount of standards issued by organisations such as IFAC, IIA, and INTOSAI. These standards outline necessary steps to ensure the quality control of the audit of a financial statement ...


Conducting IT Audits in Public Institutions

IT infrastructures and their applications have become increasingly important in public institutions. IT Audits play a crucial role in ensuring that IT systems are secure and effective. Accordingly, audit activities must assess whether an organisation’s governance of IT supports its strategies and objectives. This task becomes particularly challenging when an outsourced IT environment needs to be audited. At the same time many non-IT auditors are not always aware of the IT related risks and ign ...


UNIT4 CODA Announces New Version of Coda Financials Software Designed for Independently Minded CFOs

MANCHESTER, NH -- (Marketwire) -- 10/12/11 -- UNIT4 CODA, a division of UNIT4 (EURONEXT AMSTERDAM: UNIT4), the world's leading provider of business software for fast-changing organizations, today announced Coda Financials - Destination: Control, the 12th generation release of its market-leading, best-of-class Coda Financials financial management software. Coda Financials - Destination: Control helps financial and technology executives in mid- to large-sized organizations to more effective ...


How to Detect and Manage Fraud in EU Funded Projects

European Anti-Fraud Circle of Events successful The dividing lines between fraud and irregularities are thin and not so easy to detect. There is also less feedback from national investigation bodies in suspicious cases. Managing and Audit Authorities would like to know more about the proceeding and results after they reported their suspected cases in terms of Fraud. These are two essential insights of the first European Anti-Fraud Seminar November 2010 in Berlin. While the first event in this ...


Financial Control remains challenging for External Borders Fund User

Regarding programming and implementation of the External Borders Fund (EBF), member states still face technical and operational difficulties. The management of the application process remains still main obstacle for authorities to receive EU financial resources. Reporting’s especially the final reports of 2008 annual programmes represent an additional challenge for Responsible, Audit and Certifying Authorities. As part of the general programme “Solidarity and management of migration flows”, es ...


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