The Covid-19 pandemic has brought major challenges for our society. The health and private sector in particular required public sector interventions. The Commission, therefore, swiftly launched two packages of measures: the Coronavirus Response Investment Initiative (CRII) and the Coronavirus Response Investment Initiative Plus (CRII+). This was followed by the REACT-EU package. Existing funds were re-oriented and new funds were made available in all EU countries to tackle the crisis.
As we slowly exit the pandemic, it’s important to not only understand how public resources were spent, but also learn lessons for the future. This is especially important because Covid funds follow different rules. Indeed, the pandemic is one of the key reasons for shifting EU policies towards a performance-based system. This is a shift from the cost-reimbursement system. This means that auditors may have less oversight over the spending of funds. Most importantly, one must ask if subsidies achieve their objectives? What are the risks and opportunities of Covid-19 funding? How to detect fraud during lockdowns? Our experts will offer a comprehensive view of the current situation and provide advice on the most important topics.
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