Audit and oversight of public fund Utilization
The Court of Accounts is also authorized to oversee the use of public funds received by companies, associations, or any other entities benefiting from capital contributions or financial support—regardless of its form—provided by the State, public institutions, or other entities under the Court’s jurisdiction.
The purpose of this oversight is to ensure that the public funds received have been utilized in accordance with the objectives outlined in the funding agreement or contribution.
The procedures for conducting oversight, communicating observations, and preparing reports align with those employed in the oversight of financial management.
In accordance with the provisions of the Financial Jurisdictions Code, the Court of Accounts is also mandated to oversee the use of resources collected by associations through public fundraising campaigns. This oversight ensures that the resources collected are utilized in alignment with the stated objectives of the fundraising initiative.
The procedures for oversight, communication of observations, and report preparation follow the same approach as those applied to financial management oversight.