FEIs COMPETE

Project information

Index: 1335R4
Acronym:FIN-EN
Priority:1: Innovation and the knowledge economy
Sub Theme:Entrepreneurship and SMEs
Location PORTUGAL CONTINENTE Lisboa Start/End date of the practice
Start: 2008
End: n.a.

Topic of the practice

Monitoring/verifications procedures

Good Practice Information

Compete has predefined guidelines, instructions and checklists, for management verifications, developed and being continuously improved with the contribution of (i) EU and national law and regulations regarding FEI, (ii) recommendations of our (1) national audit authority and (2) national certification authority; (iii) our work experience and (iv) external partners (namely FIN-EN) experience.
COMPETE has an annual verification plan for on-the-spot checks. The verification plan is set by sampling, considering the universe of FEI operations that are managed by the HF Manager and FEI Manager. The exclusion criteria is defined every year in the planning of the on-the-spot checks. The on-the-spot checks are performed regarding the operations selected

Evidence of success

This practice can be considered a success due to the low number of irregularities of the FEI. the fact that the monitoring procedures are implemented and known by all the stakeholders, constitutes a preventive action regarding wrong utilisation of the FEI.This practice can be also transferred to any region, as it is not dependent on regional specificities.

Contact details to obtain further information on the practice

Francisco Nunes

COMPETE

francisco.nunes@compete-pofc.org

www.pofc.qren.pt/

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