Examples of using Mof in English and their translations into Czech
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Colloquial
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Official
What application can open. mof file?
The file extension. mof can be used by another programs.
How can I convert. mof file?
The MoF does not currently apply any standard assessment criteria to PPP outline business cases.
This inception report has been prepared for the Ministry of Finance(MoF) in the Czech Republic.
The MoF does not have any specific risk management systems in place for the purposes of monitoring PPP projects.
Effective quality control procedures would be put in place to ensure the provision information to the MOF, social security agencies, taxpayers, and other key stakeholders.
The MoF should further clarify its role by defining its interest through the development of set criteria for the assessment of business cases16.
Such a tool could(1)raise the level of information on these projects within the MoF, and(2) sends out a signal to PPP procuring authorities that the MoF is taking interest in the way the authority is dealing with project risks.
The MoF should also use the PPP Centrum as an adviser when evaluating Business Cases rather than try and build up the required expertise at all levels internally.
In line with the experts' advice under Component 4 of this Twinning initiative18 it is recommended the MoF/ PPP Centrum should- preferably together with some other leading PPP procuring public authorities(e.g. the MoJ and the MoT) develop a simple guidance note on PPP project governance structures.
The MoF could consider developing its internal audit department into an organization capable of performing operational audits on, and time to time inspections of, sector ministerial PPP projects.
Recommendation 1: Risk Management Strategy MoF/PPP Centrum should- preferably together with one or more procuring authorities(e.g. MoJ and/or MoT)- develop An Application Note on risk management at project level.
MoF should make it a funding/ approval condition that projects consult the PPP Centrum and should itself use the Centrum directly in the process of evaluating business cases and monitoring of projects during procurement.
The key risk for the MoF is the continued deliverability and affordability of PPP projects and it should therefore make it requirement to be invited to the Project Boards of all PPP projects.
MoF should consider ways in which to ensure that the public sector continues to develop into an intelligent client and that it and other public sector stakeholders have access to impartial and non-conflicted advice.
There is a clear risk that the MoF will be exposed to significant level of risk in terms of funding and liability requirements due to projects being considered for approval on case-bycase basis and without a clear understanding of the associated risks.
The MoF should not vote at Project Boards but should be there as an observer and as an adviser as to the procedures and requirements set up by MoF- it will get a chance to review and comment formally at the OBC stage.
The criteria andreview process should be based on a MoF specific risk workshop identifying the key risks/drivers for affordability and considering available mitigation strategies that could be employed by projects and evidence of which could be produced as part of the continuous monitoring.
Managed by GFR, subordinated to MoF and serving as a single accounting entity- Director General: appointed and dismissed by the Cabinet- Mandates 14 regional financial authorities and 199 local branches;( possibly reduce 199 over time by decree of MoF)- Establishes LTO: for large tax entities( turnover over CZK2 bill as well as banks, insurance companies, etc.)- Provides that this restructured Financial Administration be ready to take over collection of social and health insurance premiums as of January 1.
In line with the Twinning experts' recommendations stated in the Value for money report17 the MoF should formalize the review process applicable to PPP Projects by developing a set of publicly available evaluation criteria for all PPP OBCs followed by an element of continuous monitoring at key stages of procurement to ensure that projects remain within agreed affordability and liability limits and continue to manage deliverability risks in accordance with best practice.