12-594: The International Organization of Supreme Audit Institutions ( INTOSAI ) is an intergovernmental organization whose members are supreme audit institutions . Nearly every supreme audit institution in the world is a member of INTOSAI. Depending on the type of system used in their home country, the members of INTOSAI may be variously titled the Chief Financial Controller, the Office of the Comptroller General,
24-615: A benchmark for auditing public entities (External Audit Standards for public entities). The "INTOSAI Auditing Standards" had been approved by the INCOSAI in 1998 and updated in 2001. In its strategic plan 2005–2010, the INTOSAI decided to "provide an up-to-date framework of professional standards", so the INTOSAI Professional Standards Committee decided to merge the existing and new INTOSAI standards and guidelines into
36-448: A framework. The framework comprises all documents endorsed by INCOSAI with the purpose of guiding the professional standards used by SAIs The list of ISSAIs is in the table below: Financial audit focuses on determining whether an entity’s financial information is presented in accordance with the applicable financial reporting and regulatory framework. This is accomplished by obtaining sufficient and appropriate audit evidence to enable
48-533: Is among the five associated members of the INTOSAI. The INTOSAI is a strong advocate for the establishment of Independent Internal audit in public entities . The guidance "INTOSAI GOV 9100" states: The following supreme audit institution are members of INTOSAI: Supreme audit institution A supreme audit institution is an independent national-level institution which conducts audits of government activities. Most supreme audit institutions are established in their country's constitution, and their mandate
60-519: Is further refined in national legislation. Supreme audit institutions play an important role in providing oversight and accountability in a country by monitoring the use of public funds and reviewing the quality and accuracy of government financial reporting. They also contribute to anti-corruption efforts. Depending on the country, a supreme audit institution may be called a court of audit (common in Europe and its former colonies), auditor-general (common in
72-565: The Anglosphere ) or the board of audit (in some Asian countries). Nearly every supreme audit institution in the world is a member of the International Organization of Supreme Audit Institutions , which works to establish and disseminate international standards and good practices. In some countries, such as with Taiwan 's Control Yuan , the audit institution may constitute a separate, independent branch of government in addition to
84-696: The Office of the Auditor General, the Court of Accounts, or the Board of Audit. INTOSAI holds a triennial conference entitled the International Congress of Supreme Audit Institutions (INCOSAI). It publishes the quarterly International Journal of Government Auditing and publishes guidelines and international standards on auditing. INTOSAI was founded in 1953 in Havana, Cuba . Thirty-four audit organizations formed
96-403: The auditor to express an opinion as to whether the financial information is free from material misstatement due to fraud or error. Performance audit focuses on whether interventions, programmes and institutions are performing in accordance with the principles of economy, efficiency and effectiveness and whether there is room for improvement. Performance is examined against suitable criteria, and
108-543: The authorities which govern the audited entity. These authorities may include rules, laws and regulations, budgetary resolutions, policy, established codes, agreed terms or the general principles governing sound public sector financial management and the conduct of public officials. In addition to the INTOSAI members (the Supreme Audit Institutions ), the following intergovernmental organizations have adopted INTOSAI AS: The Institute of Internal Auditors (IIA)
120-446: The causes of deviations from those criteria or other problems are analysed. The aim is to answer key audit questions and to provide recommendations for improvement. Compliance audit focuses on whether a particular subject matter is in compliance with authorities identified as criteria. Compliance auditing is performed by assessing whether activities, financial transactions and information are, in all material respects, in compliance with
132-634: The group originally and as of 2010 the current membership includes 193 institutions (188 national institutions, the European Court of Auditors and 4 associated members). The members of INTOSAI are the primary external auditors of the United Nations . The UN's General Assembly appoints the UN Board of Auditors (3 members appointed for 6 years) among the INTOSAI member representatives. The International Standards of Supreme Audit Institutions ( ISSAI ) are
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#1732855492016144-718: The more typical executive, legislative and judicial branches. Court of Audit A Court of Audit or Court of Accounts is a Supreme audit institution , i.e. a government institution performing financial and/or legal audit (i.e. Statutory audit or External audit ) on the executive branch of power. Courts of Audit Country Name Est. Independent Can start legal action Algeria Cour des comptes (Algérie) 1976 Angola Tribunal de Contas Australia Australian National Audit Office Austria Rechnungshof 1920 Yes Bangladesh Office of
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