Financial Control

Topics: European Union, European Commission, Internal control Pages: 4 (1323 words) Published: December 21, 2012
FINANCIAL CONTROL
Accession negotiations between Turkey and EU started on 3 October 2005. Explanatory and bilateral screening meetings for “Chapter 32: Financial Control” took place in Brussels on 18 May 2006 and 30 June 2006, respectively. The Ministry of Finance has been designated as the coordinator institution in this chapter. Financial Control chapter was opened to accession negotiations in Intergovernmental Conference on 26 June 2007 without any opening benchmarks. However, the following closing benchmarks were set in the EU Common Position Paper for this chapter: 1.      Fulfillment of Turkey’s obligation of full non-discriminatory implementation of the Additional Protocol to the Association Agreement, 2.      Adoption and implementation of Public Internal Financial Control (PIFC) legislation and the relevant policies in accordance with the comprehensive PIFC policy paper to be adopted, supported by adequate implementation capacities, Technical preparations on the revised Policy Paper have been continuing under the coordination of the Ministry of Finance, with contributions from Prime Ministry, Turkish Court of Accounts, Ministry of Interior, Undersecretariat of State Planning Organization and Undersecretariat of Treasury. 3.      Adoption and implementation of policies and legislation to guarantee the functioning of the Turkish Court of Accounts in line with the INTOSAI standards and guidelines, Law no. 6085 of Turkish Court of Accounts has been approved in the Parliament and published in the Official Gazette no. 27790 dated 19 December 2010. 4.      Alignment of the Turkish Criminal Code with the protection of the EU’s financial interests (PIF) Convention and its protocols, The European Commission has acknowledged that the new Turkish Criminal Code satisfies many requirements of the PIF Convention, and monitoring by the Turkish authorities of the actual application of the Convention is required in this regard. 5.      Setting up an effective and...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • 1984: the Control of Reality for Control of the Masses Essay
  • Inventory Control Research Paper
  • Budgetary Control Essay
  • Control Mechanisms Essay
  • Essay on Time and Its Control
  • Budgetary Control Essay
  • autonomous control Essay
  • Control Mechanisms in Starbucks Essay

Become a StudyMode Member

Sign Up - It's Free