According to the Moldova-EU Association Agreement, the Republic of Moldova must implement the Public Financial Internal Control system (PIFC) at national level, in line with internationally recognised methodologies and standards, as well as the best EU practices. This implies a broad reform in the field of internal control and audit in the public sector.

The PIFC concept has been developed by the European Commission, in order to provide a structured and operational model to assist national authorities in redesigning their own internal control environment and, in particular, to update public sector control systems in line with international standards and the best EU practices.

The Ministry of Finance is responsible for PIFC designing and modelling in the Republic of Moldova. It performs the following activities through the Central Harmonisation Unit:

• Develops, promotes and monitors PIFC policies;
• Develops, updates and harmonises the PIFC regulatory framework;
• Monitors and evaluates the quality of internal audit activities, as well as financial management and control systems;
• Submits to the Government the annual consolidated report on PIFC for the previous year;
• Conducts training on managerial internal control, internal audit, and develops certification mechanisms for internal auditors in the public sector.