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Auditing EU Funded Projects: Challenges and Lessons Learnt (M1734)

 



Registration Time: 13.15

Session Time: 13.30 - 16.45 including a 15-minute coffee break 

Speakers: Philip Gafa'
 
Venue: Lower Ground, Tower Training Centre, Swatar


 

 

BACKGROUND INFORMATION

Through five national programmes, Malta has been allocated EUR 828 million from ESI Funds over the period 2014-2020. With a national contribution of EUR 196 million, Malta has a total budget of EUR 1.02 billion to be invested in various areas from creating jobs and growth to promoting innovation and competitiveness as well as protecting the environment and improving health and well-being. The European Commission has set out detailed arrangements on the management and control systems to be operated by Member States for the European Structural and Investment Funds (ESI Funds 2014-2020).  This session will particularly focus on auditing of ESI Funds projects, how to prepare for an audit as well as the common procurement errors and irregularities.
 
OBJECTIVES

The session will enable participants to understand the setup of the management and control system in Malta with particular reference to the Audit Authority.  Moreover, the session will explain in detail how prospective beneficiaries should prepare for an EU Funds audit (which can be carried out by the Maltese Audit Authority, European Commission and European Court of Auditors) from the auditor’s point of view. Common procurement errors and irregularities as well as the application of financial corrections shall be discussed through case studies and workshops.  
 
TOPICS ON AGENDA
  • Overview of the management verifications of the European Structural and Investment Funds in the context of the principles and priorities for the 2014-2020 programming period.
  • The Role of the Audit Authority with respect to EU Funds covering:
    • The audit of the Management and Control System
    • The audit of expenditure
    • The audit of accounts
    • Annual audit opinion
    • Error rate
  • How to prepare for an EU funds audit including the required documentation to be retained in file.
  • Insight on common errors and irregularities in relation to the planning, tendering, selection and contracting stages of any procurement procedure examined through discussion and practical cases studies. This session will also discuss the financial corrections to apply in the different circumstances referring to Commission Decisions and guidelines.
  • Avoidance and detection of public procurement errors from the auditor’s perspective.
 
TARGET AUDIENCE
  • Prospective beneficiaries of EU funds;
  • Persons interested in taking up a career in respect of EU funds;
  • Consulting Companies, Advisory and Audit Services; and
  • Project Manager and Project Leaders

SPEAKER'S PROFILE

Philip Gafa’ is the Director (EU Funds Audits) at the Internal Audit and Investigations Department. For the past 10 years, Philip has been heavily involved in auditing of EU Funds and has been representing Malta in various Group of auditors meetings held among EU Member States.  Philip’s work requires close ongoing technical interaction on audit matters relating to EU Funds with various Directorate Generals within the European Commission. Furthermore, he has also carried out various training sessions and participated in international conferences on various aspects of EU Funds. He is a certified public accountant as well as certified IT auditor. He also holds a Masters in Finance (Leicester) and a Diploma in Taxation. Prior to joining IAID, Philip worked with a private audit firm and other private companies in Malta. 

 

PARTICIPATION FEES
 
MIA Members: €32.50
Non-MIA Members: €65.00
Retired Members: €10.00
Students: €16.25

BOOKING
Individual bookings are to be placed and paid online (below). 
Group bookings and Retired MIA Members are requested to fill in the registration form and send it by post along with payment. 
 
TERMS AND CONDITIONS APPLY

 

Start Date: 12/12/2017

 

End Date: 12/12/2017

 

Service Provider: The Malta Institute of Accountants

 

Competences
Type Hours
Core 3.00

 

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