Control of EU funding for Malta : the public internal audit function

Abstract

Malta is currently actively negotiating to become a member state of the European Union. This has generated substantial interest and discussion on a national level with particular emphasis on the financial benefits that would be reaped from membership. The underlying goal of this dissertation is aimed towards understanding this concept and giving an explanation of what the government is doing in the area of Public Internal Financial Control, with particular emphasis made on the public internal audit function. The local public internal audit function fairs well with other countries. Malta has temporarily closed negotiations with the European Union on Chapter 28 - Public Internal Financial Control. Several facilities were consulted in order to have a clear understanding of what Malta and other countries have in place and what can be done to improve the local situation. This dissertation gives a number of recommendations which can be implemented in order to make the public internal audit function more efficient and effective.