Tag: Feature Articles

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…

The need to optimize, modernize and extend the current metro network is rigorous and is generated by a number of factors including: Estimated population growth dynamics of Bucharest…

The State Audit Institution (SAI) of the Republic of Serbia conducted a performance audit on the “Justification for Establishing Committees and Other Permanent and Temporary Working Bodies in the Public Sector” to address the issue of taxpayer money…

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…

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…

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…