Tag: audit innovation

In recent years, the General Court of Audit (GCA), Saudi Arabia’s Supreme Audit Institution (SAI), has undertaken measures to bolster its framework, aiming to elevate its oversight capacity with a focus on objectivity, efficiency, and professionalism. Embracing a proactive stance, the GCA is committed to adapting to the swift evolution in financial auditing and performance oversight. GCA leveraged a modern technologies and methodologies to conduct audits with heightened effectiveness and quality, ensuring alignment with contemporary standards and practices. On the other hand, government agencies and ministries within the Kingdom of Saudi Arabia’s public sector have also undergone significant transformations in recent years. These efforts are aligned with the ambitious goals outlined in Vision 2030 of the Kingdom of Saudi Arabia, which aims to diversify the economy, enhance public sector efficiency, and promote sustainable development. 

The State Audit Office of Georgia (SAO) has emerged as an inspiration for innovation and accountability for advancing effective public financial management. To fulfill its mandate of identifying and addressing systemic deficiencies in public administration, the SAO has embraced innovative technology, launching a transformative initiative of Audit Recommendation Implementation System (ARIS). This article explores the impact of the ARIS, the groundbreaking platform that has significantly changed the follow-up process of audit recommendations in Georgia.

Through their work, Supreme Audit Institutions (SAIs) are compelled to promote positive changes in people’s lives. To achieve this purpose, auditing stands out as one of the most important tools at SAIs’ disposal to increase the public value generation. By carrying out audits, a SAI can evaluate whether processes are executed in compliance with established norms, identify performance improvements (under the usual principles of effectiveness, efficiency, and economy), or conclude on the financial information of an entity.

The Uzbekistan Chamber of Accounts launched a special e-platform, named “State Audit”, which allows the Chamber of Accounts to track control activities of public funds through a centralized system.

From June through August 2021, the Accountability State Authority (ASA) of Egypt, the country’s Supreme Audit Institution (SAI), participated virtually in…

The Commission on Audit (COA), the Supreme Audit Institution (SAI) of the Philippines, won first place at the professional level in the Hackathon BPK Competition—whose theme was…

Recently, SAI Costa Rica has moved toward an innovative approach—the use of artificial intelligence (AI)—to auditing public procurement of goods and services. The SAI carried out two audits using AI in 2020 and plans to…

“Auditors build trust, help shore up government resilience and are indispensable in the fabric of good governance.” Jeffrey Schlagenhauf, Deputy Secretary-General for the Organisation for Economic Co-operation and Development (OECD), opened the OECD Auditors Alliance virtual meeting on September 23, 2020, welcoming worldwide attendees in contributing to…

Supreme Audit Institutions (SAIs) are constantly looking for ways to strengthen audit capacity and effectively disseminate audit results to stakeholders. What steps can SAIs take to increase added value of audits and decrease risks of bad governance? Some solutions include…