- Annual review of MSFM -Satisfactory Internal by VSS Board to ensure Audit Assurance VSS compliance. - Draft financial statements 2017/2018: JUNE 2018. - Final financial statements 2017/2018: SEPT 2018. - Implementation of Internal Audit Plan. - Implementation of NIAO recommendations. 25 By year end operate - Monthly monitoring or -98.5% of the budget - Month end Budget Analysis. Monthly Ongoing to within allocated budget expenditure and cash utilised - Month End monitoring of prompt March 2019 avoiding overspend and - Month end closure -100% of invoices paid payments managing underspend within 3 working days of within the statutory time within a tolerance of month end. frame of 30 days 1.5%. - 90% of invoices paid within 10 days 26 Ensure eligibility of - Roll out of revised - error rate less than 2% - Review of error rates on VSP and Monthly Ongoing to expenditure across all process of verification as - Consistency in PEACE March 2019 programmes. agreed in 17/18 under implementation of - Review of outcome of annual Reducing Bureaucracy Programme rules. Verification checks of all groups agenda.
- Annual review of MSFM by VSS Board to ensure VSS compliance. - Draft financial statements 2017/2018: JUNE 2018. - Final financial statements 2017/2018: SEPT 2018. - Implementation of Internal Audit Plan. - Implementation of NIAO recommendations. -Satisfactory Internal Audit Assurance 25 By year end operate within allocated budget avoiding overspend and managing underspend within a tolerance of 1.5%. - Monthly monitoring or expenditure and cash - Month end closure within 3 working days of month end. -98.5% of the budget utilised -100% of invoices paid within the statutory time frame of 30 days - 90% of invoices paid within 10 days - Month end Budget Analysis. - Month End monitoring of prompt payments Monthly Ongoing to March 2019 26 Ensure eligibility of expenditure across all programmes. - Roll out of revised process of verification as agreed in 17/18 under Reducing Bureaucracy agenda. - error rate less than 2% - Consistency in implementation of Programme rules. - Review of error rates on VSP and PEACE - Review of outcome of annual Verification checks of all groups Monthly Ongoing to March 2019