The Brexit conference ended

2018-11-08 08:00   |   Author: Dr. Simon József

The Dutch State Audit Office organized a conference on the implications, risks and the SAO’s aspects of the United Kingdom's exit from the European Union. In the framework of the conference, the participating State Audit Offices shared the current information on the Brexit process and presented the auditing and analysis activities of the auditors of the EU Member States.

From March 29, 2019, the United Kingdom will no longer be a member of the European Union. The economic, financial and social impacts of Brexit affect the tasks of the State Audit Offices in several areas. In order to discuss these topics, the Dutch State Audit Office will be coordinating the conference on the effects of Brexit. The focus of the one-day conference was the separation of the United Kingdom from the European Union (the Brexit) and its implications, analysis of impacts and discussion of effects on the performance of the State Audit Offices’ duties.

 

In the framework of the event, the head of the Brexit project of the Dutch Ministry of Foreign Affairs hold a presentation. He emphasized that the Netherlands had begun preparing for the effects of Brexit after the announcement of the result of Brexit referendum. The presenters all agreed that it is necessary to address the effects of Brexit consciously, which must be preceded by risk identification.

 

 

Professor Jacques Parkman, professor at Bruges Europe Institute, presented the economic effects of Brexit. He pointed out that Brex is not expected to close in March 2019. This is the beginning of a long negotiation process. The reason for this is that it will be necessary to establish possible conditions for the further application of all EU level agreement after the exit. In addition, he also showed that as a result of the Brexit England and the European Union will also be in a lose-lose position - both economies will suffer negatively overall.

 

During the afternoon session of the conference a panel discussion and a question-answer section was organized. At the conference most of the EU Member States' auditors were represented. The participants first presented the governmental and auditing activities of Brexit in favor of preparation and discussed the effects of Brexit on this basis. They also evaluated the possibility of exploring common control methods to measure the risks arising from Brexit.

 

The information and experiences shared during the conference can contribute to the Hungarian analysis of the effects of the Brexit and the development of the necessary methodology.

 

Dr. József Simon

audit manager