AUDIT
Definition
An internal or external examination of an organisation’s accounts, processes, functions and performance to produce an independent and credible assessment of their compliance with applicable laws, regulations and audits.
Example in practice
- Indonesia’s Supreme Audit Agency found US$ 40 million missing from post-Tsunami emergency funds and massive irregularities, including that the bulk of materials bought went unused and many purchases were made long after the emergency period was over.’Social’ or community’ audits, where local citizens tracked whether aid was delivered, were also conducted by recipient villages in Indonesia.
Relevant links
—— Institute of Internal Auditors (IIA).
www.theiiaa.org
—— INTOSAI (International Organization of Supreme Audit Institutions).
www.intosai.org/en/portal/
—— ISSAI (International Standards of Supreme Audit Institutions).
www.issai.org/composite-347.htm
—— PEFA (Public Expenditure and Financial Accountability).
www.pefa.org/
Posts
No comments:
Post a Comment