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Amendments to the State Financial Inspection Act envisage financial inspections of public procurement tenders to be carried according to an annual plan and risk assessment
06/07/2011

The amendments were tabled by the Council of Ministers and adopted at first reading by the parliament. At the moment the inspections carried by the State Financial Inspection Agency are not planned. The inspections are started at the initiative of outside state bodies, legal entities or individuals and they are the ones that determine the subject and scope of the inspection. This practice does not look for risk assessment. The amendments want to change the existing model and to introduce subsequent control in the field of public procurement procedures through implementation of system control based on risk assessment. The systemic approach implies periodic financial inspections laid down and preapproved in an annual plan. The inspections' targets will be determined after an analysis of the information regarding public procurement and the assessment of the risk factors. The changes require the increase of the existing capacity and staff of the SFIA.

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