Tag: accountability

As an international lender of last resort, the International Monetary Fund (IMF) has been the largest provider of emergency financing for COVID-19, making available an unprecedented $250 billion to over 85 member countries. These funds, which have largely been used as domestic budget support, have been critical in bolstering governments’ responses to the pandemic. However, the rapid dispersal of these vast sums has increased the risk of…

Natural disasters, such as hurricanes, flooding, and wildfires, have the potential to devastate people’s everyday lives by causing injuries and death, destroying homes and infrastructure, and wreaking economic havoc. From 2000 through 2019, there were 7,348 major disaster events worldwide, which claimed 1.23 million lives, affected 4.2 billion people (many more than once), and resulted in approximately U.S. $2.97 trillion in global economic losses. Governments usually lead recovery efforts by…

SAIs are called upon to lead by example, as stated in ISSAI 20, which indicates transparency is a powerful force in combating corruption, improving governance and promoting accountability. The SAO of Hungary has employed several mechanisms over the years to enhance transparency and promote…

The National Intergovernmental Audit Forum (NIAF) is pleased to announce there is no-cost space available to participate in the 23rd Biennial Forum of Government Auditors July 28-30, 2020! As the COVID-19 Pandemic has posed…

The Comptroller General’s Office of the Republic of Costa Rica, the nation’s Supreme Audit Institution (SAI), has undertaken actions to strengthen compliance follow-up activities—a task of great relevance aimed at improving processes that contribute to making a difference in citizens’ lives…

The General Auditing Bureau (GAB) of the Kingdom of Saudi Arabia hosted the International Organization of Supreme Audit Institutions’ (INTOSAI) 15th Policy, Finance and Administration Committee (PFAC) meeting in Riyadh, where members came together to discuss INTOSAI’s past progress and future initiatives. The PFAC aims to organize and govern INTOSAI in ways that promote…

The State Audit Office of the Republic of Latvia was created according to the supreme audit institution model which provides recommendations for improvement to the audited entity. This model does not include any mandate to apply sanctions towards the audited entity if any infringements or discrepancies are to be found or if the auditee fails to implement the recommendations. According to the law…

The State Audit Bureau of Kuwait (SAB) hosted the “The State Audit Bureau Youth Forum…