On 2 October 2026, the National Revenue Administration (KAS) published an update on its audit actions concerning the management and utilization of public funds. The initiative covers EU-funded projects, national co-financing instruments, and direct budgetary expenditures. KAS audit teams are focusing on eligibility of costs, procurement compliance, and adherence to state aid rules. The program operates under the revised Public Finance Discipline Act and aligns with EU Regulation 2021/241 (Recovery and Resilience Facility). Audits encompass both ex-ante verification and ex-post controls, with findings reported to the Ministry of Finance and the European Commission’s OLAF. Entities receiving public funds must maintain documentation for a minimum of five years post-project completion.
Key Takeaways
- Expanded Audit Scope: Coverage now includes all tiers of public fund beneficiaries, from central agencies to local municipalities and NGOs.
- EU Alignment: Procedures harmonized with RRF and cohesion policy audit standards to prevent irregularities.
- Documentation Imperative: Beneficiaries must ensure complete audit trails; failure risks financial corrections and reputational damage.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement