Service: CATE - Continuous Auditing based on Technological Evolution and Data Mining

The Flemish Audit Authority is responsible for the (financial and operational) auditing of the projects that are subsidized through European structural funds and Flemish co-financing. A significant proportion of audits must be outsourced. This outsourcing is done at a relatively high cost, for not always the same amount of added value; In outsourcing it is often noted that the performers of these assignments are often young auditors with little or no knowledge of public procurement and state aid, which makes the quality control by the Flemish Audit Authority very intensive and time-consuming, which is not the intention of outsourcing. This project wants to rethink the audit process methodologically and technologically with the following objectives: greater certainty, at a lower cost, within a shorter period of time with greater added value and less loss of (European) resources.