The legal obligation and requirements of the state audit institution for the establishment and developmentof financial management and control systems in the public sector have imposed the need for our experts to specialize in this area.
Financial management and control is a system of policies, procedures and activities established, maintainedand regularly updated by the leaders of the organization, which by managing risks provides reasonable assurancethat the goals of the organization will be achieved in a proper, economical, efficient and effective way.
To establish financial management and control, we apply generally accepted INTOSAI Guidelines for InternalControl Standards for the Public Sector (INTOSAI Guidelines for Internal Control Standards for the Public Sector),which include an integrated internal control framework defined by the Committee of Sponsoring Organizations - COSO of the Treadnjay Commission), not including the internal audit function.