PROJECT ON FINANCIAL CONTROL AND AUDITING PRESENTED IN ZAGREB

ZAGREB, Feb 27 (Hina) - The establishment of necessary conditions for effective and stable internal control and internal auditing in the Croatian public sector and the adjustment of the Croatian legislation to EU standards for this purpose are main objectives of the project called the Progress of Internal Financial Control (PIFC) in the public sector and internal auditing.#L# The PIFC, which was presented in Zagreb on Friday, is being carried out in Croatia by the Finance Ministry and the European Commission within the CARDS programme, and its implementation is financially supported by the European Union. The project was presented by the head of the European Commission Delegation in Croatia, Jacques Wunenberger, to some 150 Croatian and foreign experts who gathered in Zagreb to be acquainted with the PIFC. Ambassador Wunenberger said this was the first project of this kind to be implemented in Croatia and that it was support to the Croatian government as this was important for every public administration that would like to adjust itself to EU standards. The project, whose two-year implementation is financed by the EU with 1.38 million euros, was launched in October 2003. The Croatian ministry's working group and an international consortium headed by the French SOFRECO and the British Helm-Corporation Ltd. are in charge of its operational implementation. (Hina) ms sb