ITF Successfully Passed the EU Pillar Assessment
The European Union Pillar Assessment is a thorough and comprehensive process that examines whether or not an organization meets the requirements under Article 154 of the Financial Regulation (EU) 2018/1046. It analyses pillars that relate to the internal control system; the accounting system; an independent external audit; providing financing from EU funds through grants; procurement; financial instruments; exclusion from access to funding; publication of information on recipients; and protection of personal data.
ITF was assessed in eight out of nine aforementioned pillars. Some of them were mandatory in order to complete the assessment (internal control, accounting, external audit, exclusion from access to funding, publication of information on recipients, and protection of personal data) while others, pertaining to grants and procurement, were assessed due to the nature of the budget implementation tasks that will be entrusted to ITF.
By successfully completing the Pillar Assessment, ITF is eligible to be entrusted by the European Commission with the implementation of EU funds, since the assessment itself provides a guarantee of a sufficient level of protection of the EU’s financial interests. As such, ITF has demonstrated to be a trustworthy, reliable, and transparent organization, with suitable and proven internal procedures for managing EU funds.