Financial and Accounting Gap Audit against Tender - 102532813

Procurement Summary

Country: Barbados

Summary: Financial and Accounting Gap Audit against the Pillar Assessment Model for Crosq as Requesting to be Entrusted with Implementation of an EU Budgeted Project

Deadline: 18 Jun 2024

Posting Date: 12 Jun 2024

Other Information

Notice Type: Tender

TOT Ref.No.: 102532813

Document Ref. No.:

Competition: ICB

Financier: Agency for the Cooperation of Energy Regulators (ACER)

Purchaser Ownership: Public

Tender Value: Refer Document

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Tender Details

Tenders are invited for Terms of Reference for a Financial and Accounting Gap Audit against the European Union (Eu) Nine - Pillar Assessment Model for Crosq as Requesting to be Entrusted with Implementation of an Eu Budgeted Project
Article 154 of the Financial Regulation (‘FR-) applicable to the general budget of the European Union (‘EU-) sets out the methods of implementing the budget, including ‘indirect management-. Under indirect management, the Commission can entrust the implementation of Union funds or budgetary guarantees to the countries, organisations and bodies (further referred to as ‘entities-) indicated in Article 62 of the FR. CROSQ is considered one of these entities
When such entities manage EU funds, they are however, required to guarantee a level of protection of the EU-s financial interests equivalent to that required under the FR. More specifically, they must meet requirements with regard to Nine ‘Pillars-. These pillars relate to:
· the internal control system ;
· the accounting system;
· an independent external audit;
as well as rules and procedures for:
· providing financing from EU funds through grants;
· procurement;
· financial instruments;
and also:
· exclusion from access to funding;
· publication of information on recipients;
· protection of personal data.
Entities such as CROSQ wishing to work with EU funds under the indirect management mode must, therefore, undergo a comprehensive Nine Pillar assessment.

Documents

 Tender Notice