Amendment No. 4 to the Management Delegation Agreement of December 27, 2022 Relating to the Financial Management Center Under the Authority of the Budgetary and Accounting Controller of the Ministries of Economy and Finance (Operations of the Directorate General of Public Finances)
Publication Date: December 23, 2024 at 08:54 AM Source: economie.gouv.fr
Introduction
The Ministry of Economy and Finance has published Amendment No. 4 to the Management Delegation Agreement of December 27, 2022. This amendment modifies the agreement that delegates the management of the Financial Management Center to the Budgetary and Accounting Controller of the Ministries of Economy and Finance.
Key Changes
The key changes introduced by Amendment No. 4 include:
- Extended Scope of Activities: The amendment expands the scope of activities delegated to the Financial Management Center to include the management of financial operations for the Directorate General of Public Finances (DGFIP).
- Increased Delegation of Authority: The amendment increases the delegation of authority to the Financial Management Center to carry out certain financial operations, such as issuing payment orders and managing cash flow.
- Improved Risk Management: The amendment strengthens the risk management framework for the Financial Management Center by requiring the implementation of additional controls and procedures.
- Enhanced Reporting Requirements: The amendment requires the Financial Management Center to provide more detailed and timely reports on its activities to the Budgetary and Accounting Controller.
Purpose of the Amendment
The purpose of Amendment No. 4 is to:
- Improve operational efficiency: By centralizing the management of financial operations, the DGFIP can streamline its processes and reduce costs.
- Enhance risk management: Strengthening the risk management framework will help to mitigate financial risks and protect public funds.
- Strengthen internal controls: The additional controls and procedures will improve the accuracy and reliability of financial reporting.
- Increase transparency: The enhanced reporting requirements will provide greater visibility into the activities of the Financial Management Center.
Impact on Stakeholders
The amendment will impact the following stakeholders:
- DGFIP: The DGFIP will benefit from the improved operational efficiency and risk management practices.
- Budgetary and Accounting Controller: The Budgetary and Accounting Controller will have increased oversight and control over financial operations.
- External Auditors: The enhanced risk management framework and reporting requirements will facilitate external audits.
- Taxpayers: The public will benefit from the increased transparency and accountability.
Conclusion
Amendment No. 4 to the Management Delegation Agreement of December 27, 2022 is a significant step towards improving the management of financial operations within the Ministries of Economy and Finance. The amendment expands the scope of activities, increases the delegation of authority, strengthens risk management, and enhances reporting requirements. These changes will result in improved operational efficiency, enhanced risk management, and increased transparency.
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economie.gouv.fr a new article on 2024-12-23 08:54 titled “Avenant n° 4 à la convention de délégation de gestion du 27 décembre 2022 relative au centre de gestion financière placé sous l’autorité du contrôleur budgétaire et comptable ministériel des ministères économiques et financiers (opérations de la direction”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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