Conflicts of Interests in the Accounting Reporting Area of European Social Fund Financed Operations in Romania

For Romania, the specificity of the European Social Fund implementation within the framework of shared management stands into managing: accounting and technical information of thousands of grant contracts financing approved labor market related activities to achieve specific indicators. Designated Romanian authorities should act insofar as privileged accounting information users, assuming their duties of responsible donor's representative, managing the sound financial implementation of grant contracts by asking for detailed financial and non financial information, determining, aggregating and correcting indicators or activities costs at program's level, ensuring so the implementation compliance to sound financial management and transparency principles. Paper's purpose is to contribute at Fund's sound financial management implementation by providing an analysis of needed information in the accounting reporting area and a guideline for performance dashboard. Analysis conclusions lead us to a proposed minimum of data needed to asses, improve and report performance at responsibility center level and to evaluate, improve and treat deviations at program's level as well, including relevant data flows within the approved shared management implementation system.