Financial control "aligned with EU acquis"

BRUSSELS EC experts said during a screening meeting in Brussels that the Serbian financial control legislation was "pretty much" aligned with relevant EU legislation. This is according to State Secretary in the Serbian Ministry of Finance Nikola Corsovic, who was quoted by Tanjug. Financial control "aligned with EU acquis" Financial control deals with internal audit of public administration bodies, external audit and regulations concerning the prevention of money counterfeiting and protection of the interests of the EU, Corsovic told the news agency. A Serbian delegation met with experts from the European Commission for the screening of Chapter 32, related to financial control, in Brussels on Monday. Corsovic said that the European Commission should prepare a report on the level of alignment of Serbia’s legislation with the EU acquis in the financial control area in two or three months from now, adding that he expects it to be quite positive. The European Commission will then propose a date for the beginning of technical talks on Chapter 32, which could take place in the first half of next year. Serbia is already working on meeting the European standards in the area, Corsovic said, adding that tangible results could be there in a year from now, and a rather good financial supervision system could be created in about three year’s time. When it comes to preventing money counterfeiting and protecting EU interests, the results will arrive sooner, as Serbia expects an accreditation for a decentralized management of funds as early as in February 2014. Tanjug

Financial control "aligned with EU acquis"

Financial control deals with internal audit of public administration bodies, external audit and regulations concerning the prevention of money counterfeiting and protection of the interests of the EU, Ćorsović told the news agency.

A Serbian delegation met with experts from the European Commission for the screening of Chapter 32, related to financial control, in Brussels on Monday.

Ćorsović said that the European Commission should prepare a report on the level of alignment of Serbia’s legislation with the EU acquis in the financial control area in two or three months from now, adding that he expects it to be quite positive.

The European Commission will then propose a date for the beginning of technical talks on Chapter 32, which could take place in the first half of next year.

Serbia is already working on meeting the European standards in the area, Ćorsović said, adding that tangible results could be there in a year from now, and a rather good financial supervision system could be created in about three year’s time.

When it comes to preventing money counterfeiting and protecting EU interests, the results will arrive sooner, as Serbia expects an accreditation for a decentralized management of funds as early as in February 2014.