Governance Structure in the Area of Financial Instruments in the 2007-2013 and 2014-2020 Programming Periods journal article A Shift Towards a More Systematic But Also More Demanding Approach for National Control Authorities Marcel Bode European Structural and Investment Funds Journal, Volume 5 (2017), Issue 4, Page 277 - 286 Financial instruments (FIs), as a means of public support in Cohesion Policy, have been enjoying increasing interest in recent years, with Member States planning to allocate double their spend on financial instruments in 2014-2020 compared to the previous programming period. Alongside a stronger legally binding framework, there is the issue of an adequate management and control system to ensure compliance with the rules. The management checks by the managing authorities and the audits carried out by the audit authorities are the foremost defence line within this governance system.
The Audit Authority’s Role within the Single Audit Concept as Governance Principle in the EU’s Cohesion Policy Marcel Bode