transparency

SAI Peru Enhances Oversight, Transparency
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SAI Peru Enhances Oversight, Transparency

SAI Peru is expanding its concurrent control to all public procurement of goods, provision of services, and execution of public works over 10 million soles (approximately $2.45 million USD), in accordance with a new law passed by the Congress of the Republic. Concurrent control’s real-time, multidisciplinary oversight enables SAIs to...

Global Stocktaking Shows Slow Progress in Difficult Waters
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Global Stocktaking Shows Slow Progress in Difficult Waters

In September 2021, the INTOSAI Development Initiative (IDI) released the Global Supreme Audit Institution (SAI) Stocktaking Report 2020, the fourth triennial analysis of data from an INTOSAI Global Survey on SAI performance and capacities. The report, which covers the period of 2017 to 2019, marks the 10-year anniversary of the Global Stocktaking, which has been an important source of...

Strengthening the Relationship between SAIs and the IMF
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Strengthening the Relationship between SAIs and the IMF

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...

Leading by Example to Enhance Transparency Accountability Integrity
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Leading by Example Creates Culture Shift: SAO Hungary Employs Mechanisms to Enhance Transparency, Accountability and Integrity

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...

Combating Corruption by Promoting Transparency
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Combating Corruption By Promoting Transparency

Supreme Audit Institutions (SAIs) play a vital role in oversight by promoting transparency, verifying government account accuracy and reliability, evaluating spending compliance, assessing such spending's efficiency and effectiveness, and supporting the fight against corruption. This article explores the relationship between transparency and...