Ability. Quality. Delivery.
The EU provides funding and grants for a vast range of projects and programmes. Accountability and transparency are vital to ensure that EU funds are used properly.
Deloitte undertakes audits on behalf of the Commission to assess the compliance of the operational and financial management of EU co-funded projects and programmes. This includes: audit of expenditure/ cost statements submitted by the beneficiaries of the EU grants/ subsidies; operational reviews to assess the compliance with contractual provisions (e.g. procurement regulations); process and organisation audits to assess effectiveness of management and control systems put in place by the beneficiaries (including Member States) in the context of direct or shared management of EU programmes.
EU guidelines on sampling are demanding and complex, not always easy to interpret but strictly maintained. Extensive knowledge of statistical theory is often required to effectively and efficiently translate these guidelines into practical sample design and understandable sample evaluation. Deloitte has been recognised by the EU as a knowledgeable party in this area. Our approach is based on a thorough knowledge of International Standards of Auditing (ISA) and standard setting publications such as the AICPA* Audit Sampling Guide.
* American Institute of Certified Public Accountants
We perform interactive risk assessment exercises to identify risks that can affect the organisation and its operations, using risk maps and assessment frameworks tailored to the specific environment. We then assist the DG/Agency to develop an adequate risk management response including risk management plan and activities.
We assist the Commission and agencies in implementing general monitoring and internal control frameworks by developing tools and methodologies tailored to their operations and programme activities. This includes assessment tools, control checklists, and control activity planning support.
In today’s environment where risks and expectations are high, the business must keep running even if there are interruptions caused by unforeseen events. Traditional risk management systems may not be sufficient when faced with events such as natural disasters, political and economic instability. However, through Business Continuity Planning, we can help the European Institutions achieve a reasonable level of assurance of end-to-end availability of essential business practices at disruptive times.
We develop operating procedures providing DGs/ Agencies with a broad range of services: from assistance in setting up a structured methodology on procedure development to effective documentation of operating and financial processes and procedures, in compliance with applicable national regulations (for Agencies) and with the rules laid down by the Commission including the 16 Internal Control Standards.
We provide assistance in the implementation process for quality certification (e.g. ISO). The assistance includes process analysis and gap identification, corrective action implementation and pre-certification audit.