ORDER OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA

of December 26, 2019 No. 176

About approval of Regulations about the reporting of activities of internal audit in the public sector

Based on article 28 of the Law on the state internal financial control No. 229/2010 (Which is repeatedly published in the Official monitor of the Republic of Moldova, 2019 140) I ORDER to Art. No. 86-92,:

1. Approve Regulations about the reporting of activities of internal audit in the public sector it (is applied).

2. The order of the Minister of Finance No. 113/2011 on approval of Regulations on the reporting of activities of internal audit in the public sector (2011, Art. No. 166-169, 1518) to declare the official monitor of the Republic of Moldova invalid.

3. This order becomes effective from the date of publication in the Official monitor of the Republic of Moldova, except for question / indicator of the reporting No. 26 and No. 27 of appendix of Regulations about the reporting of activities of internal audit in the public sector which come into force from 29.11.2020.

Approved by the Order of the Minister of Finance of the Republic of Moldova of December 26, 2019, No. 176

Regulations about the reporting of activities of internal audit in the public sector

Section 1 General provisions

1. The regulations about the reporting of activities of internal audit in the public sector (further – Regulations) establish form, procedure, and also terms of creation and submission of the Activities report of internal audit (further – the Report).

2. Provisions of these Regulations are applied to divisions of internal audit of bodies of the central and local public authority, public organizations, and also the autonomous bodies / organizations disposing of means of the national public budget.

3. In departure from Item 2 provisions of these Regulations are not applied by divisions of internal audit of public bodies / the autonomous organizations responsible before Parliament.

Section 2 Report structure

4. The report is constituted according to the sample established in appendix to these Regulations.

5. The report includes seven Sections:

1) general information – represents data of general nature of rather public subject and person who constitutes the Report;

2) organizational base of division of internal audit – it is intended for submission of information on the status of division of internal audit, structure and hierarchical provision of division of internal audit, application of the regulatory base concerning the organization division of internal audit;

3) independence and objectivity – reflects procedure for ensuring the principles of independence and objectivity when implementing activities of internal audit;

4) competence – provides information on working life, knowledge, abilities and competences necessary for implementation of activities of internal audit;

5) implementation of activities of internal audit – it is intended for submission of information on procedure for planning, carrying out and the reporting of activities of internal audit, and also about tracking of auditor recommendations;

6) quality assurance of activities of internal audit – reflects information on measures of supervision and assessment of overall effectiveness of activities of internal audit;

7) efficiency of activities of internal audit – represents data on the level of accomplishment of the key indicators reflecting efficiency in the field of internal audit.

6. In addition to the Report annually till December 31 the Ministry of Finance has the right to demand from public subjects additional data.

Section 3 Procedure for Creation and Submission of the Report

7. The report is constituted annually till February 20 by the division manager of internal audit or person performing its powers.

8. Each Item of the Report is filled without fail.

9. The provided information in the Report shall be exact, clear, objective, short and complete.

10. If necessary the Ministry of Finance requests the evidential information confirming reliability of the provided answers in the Report.

11. The report is constituted in Romanian in electronic format and printed out in paper format in duplicate.

12. The report is signed by the division manager of internal audit or person performing its powers and affirms manager of the public subject.

13. The first copy of the Report is transferred to the Ministry of Finance annually till March 1 in paper and in electronic formats to the following e-mail address: raport.uai@mf.gov.md. The second copy remains in division of internal audit and is stored in the separate file.

14. The Ministry of Finance analyzes, generalizes and includes information on activities of internal audit in the Summary annual statement about the state internal financial control which annually is represented to the Government till June 1.

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