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Public Internal Financial Control In The European Union And Armenia

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  • Public Internal Financial Control In The European Union And Armenia

    PUBLIC INTERNAL FINANCIAL CONTROL IN THE EUROPEAN UNION AND ARMENIA

    armradio.am
    09.06.2009 10:40

    Today Mr. Davtyan, Minister of Finance of Armenia, and Mr. de
    Luzenberger, Ambassador, Head of the EC Delegation to Armenia, hosteed
    the seminar "Public Internal Financial Control (PIFC) in the European
    Union and Armenia".

    This seminar was attended by central government top managers, and
    focuses on PIFC as a new state of the art internal control approach
    for Armenia.

    During the seminar-consultation the European Commission officials and
    invited experts presented EU MS expertise in state internal financial
    control and suggestions were made for further improvement of state
    internal financial control system.

    PIFC is an integrated and operational model developed by the European
    Commission for re-engineering internal control systems in the public
    sector in line with international standards. Many European countries
    use PIFC as a benchmark for modernising their public sector control
    environment.

    Commenting on the event, Mr Robert Gielisse, Head of PIFC Department
    in the European Commission in Brussels, stated, "This is an important
    awareness-raising event. We support and encourage the planned reforms
    in Armenia. Sound financial management should be at the heart of all
    that deal with taxpayers' money."
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