Feature Articles

New Code of Ethics Adopted
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New Code of Ethics Adopted

A new Code of Ethics was adopted at the XXII INCOSAI in Abu Dhabi. The new Code responds to needs of the current public auditing environment. Ethical behavior is of key importance to Supreme Audit Institutions (SAIs) in establishing a positive reputation and building trust with stakeholders. A code of ethics provides SAIs (and staff) a set of values and principles...

Using GIS to Monitor Public Works
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Using GIS to Monitor Public Works

This paper presents an alternative model for auditing public works through intensive use of Information Technology (IT). The model is based on the use of Geographic Information Systems (GIS) for collecting, processing and analyzing data; producing tables, graphs and thematic maps; allowing remote monitoring of a large number of constructions; and providing a quick overview of the audited area...

Recruiting Heads of Supreme Audit Institutions
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Recruiting Heads of Supreme Audit Institutions

The INTOSAI México Declaration on Supreme Audit Institution (SAI) Independence established the principle that SAI heads and members of collegial institutions should be appointed by a process that ensures independence from the executive. Yet, little is written within the SAI community on what constitutes an appropriate process for recruiting and appointing new heads...

SAIs a Necessity in Turbulent Times
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SAIs a Necessity in Turbulent Times

Throughout the global financial crisis over the past few years, social and political instability has amplified the level of uncertainty associated with socio-economic processes. This uncertainty has led to a severe negative impact, particularly on emerging and transitioning nations, including Tajikistan. Tajikistan’s economy, like that of many developing countries, remains vulnerable to international financial and economic changes...

SAO Afghanistan Efforts to Fight Corruption
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SAO Afghanistan Efforts to Fight Corruption

Afghanistan’s Supreme Audit Office (SAO) is responsible for the audit of Afghanistan’s government revenues and expenditures and oversees the way public finances are managed. Audit work promotes public sector accountability within the country by scrutinizing public financial management and reporting on whether public bodies are using public funds as directed...

The Digital Revolution: Threat or Opportunity for the Audit Profession
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The Digital Revolution: Threat or Opportunity for the Audit Profession

The audit profession in the Netherlands has been involved in a series of major incidents in recent years. The good news is that the Dutch audit profession has adopted a raft of measures since we wrote to Parliament in 2014, highlighting the main concerns from a public-sector viewpoint. The question is whether we are fighting the final battle in the war to restore public trust or just the next in a long series of battles...

Emerging Risk Framework for Banking Systems, Regulatory Response
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Emerging Risk Framework for Banking Systems, Regulatory Response

Financial institutions and markets provide essential services to the U.S. and global economies. However, weaknesses in federal oversight have contributed to the thrift and bank crises in the 1980s and the financial crisis experienced from 2007-2009. For example, the resolution of banks and thrifts during these crises cost federal bank and thrift insurance funds over $165 billion and resulted in unprecedented...

SAO Hungary Issues “Pillars of Good Governance” Series
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SAO Hungary Issues “Pillars of Good Governance” Series

The State Audit Office of Hungary (SAO) fundamentally renewed its activities in the past 5 years further developing international principles of good governance. The SAO’s study series titled "Pillars of Good Governance" and the Hungarian model of good governance embody the results of our work, our experience gained during the renewal and the synthesis of our knowledge. In accordance with its institutional strategy, the mission of the State Audit Office of Hungary (SAO) is to promote...