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Presentation by C. Ventura (English), Regional Conference for Supreme Audit Institutions of the European Neighbourhood South Region, June 2018

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Presentation by C. Ventura (English), Regional Conference for Supreme Audit Institutions of the European Neighbourhood South Region, June 2018

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Presentation by C. Ventura (English), Regional Conference for Supreme Audit Institutions of the European Neighbourhood South Region, June 2018

  1. 1. Promoting effective, accountable and transparent institutions through financial audits and audits of the final budget accounts Regional Conference for Supreme Audit Institutions of European Neighbourhood South Region The changing role of Supreme Audit Institutions in the light of the Sustainable Development Goals
  2. 2. 2 Budget and Accounts Reforms in PORTUGAL The Portuguese Court of Auditors at a glance Context Question Taking advantage from financial audit information The whole- government approach and the SDGs
  3. 3. 3 Context The Portuguese Court of Auditors at a glance Supreme, independent Audit Institution of Portugal Court model, laid down in the Constitution; Makes part of the Judicial system; Collegial body composed by the President and 18 Members (Including one member in each regional chamber); The members of the Court have the same rights and privileges of the Judges of the Supreme Court and are appointed after a public competition; The mission of the Court is: To control the legality and regularity of public revenues and expenditure To appreciate the financial management within both Administrative Public Sector and Business Public Sector To control the application of financial resources arising from the European Union
  4. 4. 4 General Plenary Sitting 2018
  5. 5. 5 Context The Portuguese Court of Auditors at a glance The organisation of the Court 5 Chambers: 3 specialized and 2 generic 1st Chamber exercises a priori control competencies and concomitant control of acts and contracts 2nd Chamber exercises concomitant and a posterior audit 3rd Chamber exercises the jurisdictional function Report and opinion on the General State Account (addressed to Parliament ) and on the Accounts of of the Autonomous Regions (addressed to the Assemblies/ Parliaments of the Region) Audit reports Decisions on seal approval concession or refusal Acts produced by the Court Legal certification from 2019 on!
  6. 6. 6 228.500 M€ Controlled 1 459 controlled entities 3538 acts a priori controlled 39 seal refusal 723 accounts verified 3 reports and opinion on the General State Accounts (National and Regional level) 78 Audits 357 complaints analysed 30 Liability procedures initiated 26,1 M € 0,03% TCP Budget Portugal budget Context The Portuguese Court of Auditors at a glance Main 2017 outcomes
  7. 7. 7 Context Budget and Accounts Reforms in PORTUGAL Budget system reform: Step by step Evolving from a traditional legalist and highly input-oriented system, which concentrates on controlling expenditure through very detailed oversight of budget execution, packed with a-priori controls, To a more streamlined performance-oriented system
  8. 8. 8 Budget System Reform - First Stage Second Stage Third Stage A long term process Developing a programme budget and a medium-term expenditure framework. Developing meaningful performance information for programmes and ministries, and designing and implementing the necessary information systems. Integrating gradually performance information into budgetary decision- making processes
  9. 9. 9
  10. 10. 1 Profound reforms need: Leadership of the process From the top to the bottom, a responsible for each project must be Identifiable Dedicated teams and resources Project activities are hardly compatible with day-to-day tasks and resources (financial and other) must be made available Accountability Each responsible must deliver Political ownership
  11. 11. 1 Projects for the implementation of the new Budgetary Framework Law Managing the transition of the different entities to the new Budgetary Framework … and where we heading to
  12. 12. 1 2015 Law Governing the budgetary framework Budgetary transparency Core features Public debt limit Public debt limit Budgetary Process: Main documents Stability Program Bill on Major Options Multiannual public expenditure framework State Budget Bill Discussion and voting budget programmes State Accounting Entity Unitary treasury Accounting system
  13. 13. 1 The Portuguese Budgetary Reform pillars
  14. 14. 1 2015 Law Governing the budgetary framework Transparency Budgetary transparency implies making available information on the implementation and execution of the programmes, budgetary policy objectives, budgets and accounts of the public administrations, by subsector. The information made available must be reliable, complete, up-to-date, understandable and internationally comparable, in such a way as to make it possible to precisely evaluate the financial position of the public administrative sector and the costs and benefits of its activities, including their present and future economic and social consequences.
  15. 15. 1 Question Taking advantage from financial audit information “Powered by technology and innovation, the audit has evolved into a strategic opportunity that can help guide and inform future business decisions.” Joe Ucuzoglu, chairman and CEO of Deloitte & Touche LLP and leader of Deloitte’s US audit practice The purpose of an audit of financial statements is to enhance the degree of confidence of intended users in the financial statements. There was a large hospital where auditors used data visualizations to evaluate the balance of property, equipment, and plant – including location, asset, and transaction levels. The auditors were able to give hospital executives specific risk assessments and insight into depreciation and in-service data analyses. Example:
  16. 16. 1 Question The whole-of government approach and the SDGs The majority of SAIs control Activities are fit to give both insights and foresights on the State of the Art of an specific Sustainable Development Goal The Audit work itself contributes to SDG 16
  17. 17. 1 The Report and Opinion on the General State Account a Portuguese example of an whole-of-government approach Macro-economic and Budgetary framework 13. Complementary analysis 13.1. Characterization of the Pension System to be payed by the Social Security 13.1.1. Target population 13.1.2. Average monthly pensions . 13.1.3. Pensions 'expenditure 13.1.4. Financial support of the pensions 'system Examples of possible data to assess SDGs in this audit
  18. 18. 1 13.2. Unemployement 13.2.1. Overview 13.2.2. Recipients of unemployment benefits 13.2.3. Average monthly unemployment benefits 13.2.4. Expenditure with unemployment benefits 13.2.5. Financial support. It should be highlighted the assessment of social benefits in several domains related to SDGs - Poverty(RSI, CSI); - Family benefits (parenthood, handicap) In the similar report in the Azores egional Account of 2016

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