Caldeira also said that he did not understand why these situations were not properly punished, regardless of who was responsible for the management or undue use of public resources.

The Audit Court president also said that the ever faster changes in public financial management, particularly the abundance of new kinds of entities that manage public funds and for the legal architecture behind many contracts and accounting standards meant “looking at legal systems and financial liability” was essential.

The, therefore, underscored the importance of the precise identification of financial crimes, particularly under the scope of liability for undue use of public assets.

He also said that for financial jurisdiction to be effective, there had to be a proper legal framework for the new state of public financial management.