Meeting of representatives of the Czech Republic and the United Kingdom to the topic of public finance management and control system

On 12 May 2022, a meeting took place between representatives of the Central Harmonization Unit of the Ministry of Finance of the Czech Republic and representatives of the Government Internal Audit Agency (GIAA) and representatives of Her Majesty's Treasury (HM Treasury) of the United Kingdom of Great Britain and Northern Ireland.

The purpose of these meetings was to collect good practice and discuss the streghts of the public finance management and control system in Great Britain. At the meeting with the Government Internal Audit Agency, the gradual centralization of the internal audit function in British public administration, the political independence of the internal audit, the functionality of only the methodologically regulated internal audit environment and internal audit quality assessment were discussed. Representatives of HM Treasury presented to the Czech delegation a number of guidlines on the basis of which public finances are governed and described procedures for approving public expenditures, fulfilling and evaluating the principle of "value for money" and risk management.

The acquired materials and knowledge will be used as inputs into the analysis of the British system of financial management in public administration. This analysis will then be used in accordance with the objectives of the project „Strengthening Public Finance Management and Control“ as one of the bases in the preparation of the draft substantive intent of the Public Finance Management and Control Act.