In the process of joining the European Union the setting up of the System of financial managing and control (here in after FMC) is an obligation defined by the Law on the system of internal financial controls in the public sector (Narodne novine, n. 141/06 – applied since January 4th 2007). It refers to all the users of the budget, independently from the number of employees, and to the extra-budgetary offices.
The purpose of the setting up of the FMC is to improve financial managing and decision so that general objectives of the monitored system could be achieved.
Internal controls are defined on the level of activities of individual business processes, as a mechanism for removing or reducing financial and other risks in its establishment. So, the basis of a successful setting up of the FMC is a quality process model and a system of controls, i.e. actions taken by the leader of the budget users with the goal of reducing risks, thus increasing the probability of the achievement of the objectives set.
The description of business processes and actions is at the same time auditing evidence, i.e. a documented course of financial and other activities from the beginning till the end. It allows a reconstruction of all the activities and their approval. The purpose of the auditing evidence is to help the leadership in the estimate of the financial managing and control adequacy.
The risk management is the precondition of successful managing and the starting point for the strengthening of the responsibility of leaders in reference to the increase of business successfulness and efficiency. It comes down to defining the control activities, i.e. the policy, procedure and good practice established with the goal to defend from risk.
We are competent to establish FMC. We improved our knowledge according to programmes of the European Union; we have long respectable experience in the process system designing. We use modern information technology and tools and we save your resources. We produce solutions that will be usable and profitable for our users-partners over the long-term. We are against pilling documents that will comply with the request and form over the short term. We are focused on usefulness, applicability and sustainability of our solutions.
We deliver a solution we will produce with your collaboration, which will have the required level of quality and which will meet the demands of the Law and the European Union.