Tag: risk assessment

The threat of climate change looms large in today’s world of rapid global change, altering the social, economic, and environmental landscapes at a rate never seen before. As the effects of this global catastrophe become more obvious, it is critical that communities and organizations fully recognize, evaluate, and manage the risks involved. This thorough research uses real-world case studies and scenarios to provide a greater knowledge of this important topic as it investigates the key role that auditing plays in assessing the effect, risk, and resilience of entities in the face of climate change.

Have you ever wondered what happens when public funds meant to mitigate climate change are not spent wisely? Or how legal compliance in the use of these funds could make or break our efforts to build resilient communities? As auditors, we often find ourselves at the crossroads of these crucial questions. In a world increasingly defined by climate change impacts, the role of Supreme Audit Institutions (SAIs) has never been more vital. We are the guardians of not just accountability but also of ensuring that every dollar and every decision counts toward a sustainable future.

In the aftermath of the global pandemic, operational, financial, and strategic landscapes within audited entities have dramatically transformed. This shift necessitates Supreme Audit Institutions (SAIs) to revise their auditing methodologies and face novel challenges as they seek to assess the pandemic’s impact on audited agencies effectively.

During the COVID-19 pandemic, the National Audit Office (NAO) of Lithuania has continued to effectively perform the three functions delegated to it: external audit, fiscal institution, and EU investment audit. One of NAO’s critical tasks was to assess the 2022 draft budget. NAO’s aim in doing so was…

The Turkish Court of Accounts (TCA), the country’s Supreme Audit Institution (SAI), is finalizing an update to its Enterprise Risk Management (ERM) process, which will enable it to carry out its activities more efficiently and effectively. This update aligns with…

Mr. Abdelkader Benmarouf, President of the Algerian Court of Accounts (COA), presented the COA Evaluation Report on the 2017 Financial Regulation Preliminary Draft Law to the National People’s Assembly Finance and Budget Committee on June 11, 2020. The report…