Tag: Summer 2016

It was the type of newspaper coverage most Supreme Audit Institutions (SAI) would dread. “Unaudited Accounts Cause Issues,” declared a September 2018 Cook Island News headline. The article, which went on to detail how the Cook Islands has a backlog of unaudited public accounts…

On March 30, 2016, Charles Deguara was appointed as Malta’s new Auditor General by the…

The Professional Standards Committee (PSC) met in Copenhagen in May 2016. The event marked a…

The National Audit Office of Lithuania (NAOL) approved a new long-term development document establishing the…

by Michael Kuur Sørensen, SAI of Denmark (Professional Standards Committee, Secretariat) The Professional Standards Committee…

by Rachel Nugent, National Audit Office, United Kingdom The UK’s Building Public Trust Awards, sponsored…

The Chair of INTOSAI’s Finance and Administration (FAC) Task Force on the 2017-2022 Strategic Plan,…

In February, a specialized technical team from the SAI of Costa Rica conducted a national telephone…

by Monika Gonzalez-Koss, Director, General Secretariat, INTOSAI As part of the Ministerial Segment of the…

A Royal decree was issued on the appointment of Dr. Hussam Al-Angari as the new…

At the 13th AFROSAI-E Governing Board meeting held in Abuja, Nigeria, May 2016, the Office…

The Court of Accounts of the Republic of Moldova (CoA) has successfully implemented the actions…

A new financial audit system was introduced in Finland on January 1, 2016. On that date, the new Auditing Act and the Act on Audits of Public Administration and General Government Finances entered into force and harmonized the system of auditor’s examinations and the supervision of audits. There are about 1,600 approved auditors in Finland. Until the end of 2015…

The benefits of cooperative audits are multiple, in particular for the opportunity for professional development of auditors through peer-to-peer activities, exchange of knowledge, experience and good practice with partner SAIs. Croatia, Macedonia and Hungary are countries where tourism is a major economic sector, and they all have adopted…

It is a great privilege and gives me deep pleasure to seize this opportunity at the end of my 12-year term as Secretary General of INTOSAI to reflect on the past decade’s milestones and to take an outlook on future opportunities and the challenges that lie ahead. When I assumed office as Secretary General of INTOSAI, the organization was shaped by new visions and the spirit of renewal and innovation. My appointment to office coincided with the adoption of INTOSAI’s first Strategic Plan…

The Programs and Reports Committee of the Court of Accounts in Algeria approved the SAI’s second strategic plan covering the years 2015 to 2018 at its meeting held April 1, 2015. The plan takes into account the recommendations of its recent peer review and a partnership with the French Court of Accounts. Based on recommendations from its peer review report, the Court of Accounts expressed its willingness to receive institutional support to strengthen…

Dr. Margit Kraker assumed office as President of the Austrian Court of Audit (ACA) and…

The State Audit Bureau of Kuwait (SAB) hosted a workshop on “Performance Audit” April 5-6, 2016, within the framework of the cooperation agreement with the Netherlands Court of Audit. A number of participants from SAB staff and trainers from the Netherlands Court of Audit…

The Journal is committed to this continued transformation, and you may have noticed a bit of a metamorphosis in the overall look and feel of this edition. The goals behind the redesign of the Journal include giving it a more contemporary, yet corporate, look and feel; providing a cleaner and more engaging reading experience; increasing readership accessibility; and adapting the Journal into a more robust tool for knowledge sharing…

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…

As journalists, we do our best to ensure that everything is clear, concise and correct. But, there are times when we don’t always completely meet that challenge, particularly taking into account the global nature of our business. In the Spring 2016 issue of the INTOSAI Journal, we published quite a bit of news and some fascinating feature articles. In fact, we received numerous inquiries about some of the reporting in the last edition, specifically submissions from the State Audit Office of the Republic of Latvia…

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…