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Cooperation on adoption and application of ISSAI framework between the state and other levels of government in the context of improvement of financial management

Cooperation on adoption and application of ISSAI framework between the state and other levels of government in the context of improvement of financial management

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Increased Efficiency and Effectiveness; Anti-Corruption; International Audit Standards

Božana Trninić, Auditor General Deputy
Audit Office of the Institutions of Bosnia and Herzegovina
Increased Efficiency and Effectiveness; Anti-Corruption; International Audit Standards

Božana Trninić, Auditor General Deputy
Audit Office of the Institutions of Bosnia and Herzegovina

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10/11/2013

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Cooperation on adoption and application of ISSAI framework between the state and other levels of government in the context

of improvement of financial management
Božana Trninić, Auditor General Deputy Audit Office of the Institutions of Bosnia and Herzegovina
The author’s views expressed in this presentation do not necessarily reflect the views of the United States Agency for International Development or the United States Government.

Public Sector Auditing in Bosnia and Herzegovina (BiH) Public sector auditing in BiH is performed by: • At the level of BiH institutions: Audit Office of the Institutions of BiH • At the level of Entities: Audit Office of the institutions of the BiH Federation (FBiH) and Supreme Office for the Republika Srpska (RS) Public Sector Auditing, and • At the level of Brčko District: Audit Office of the institutions and of the public sector of Brčko District in BiH
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Coordinating committee of auditing institutions in BiH
Composed of Auditor General and deputies of Audit Office of the Institutions of BiH, as well as Auditors General and deputies of Entity Audit Offices. Decisions are made by consensus. Mandate of the committee includes (among other things): a)Establishment of consistent guidelines and instructions based on INTOSAI auditing standards of the working group that is composed of the members of all three supreme audit institutions which have developed documents such as manuals and guidelines in order to ensure continuation in their implementation at all levels in BiH b)Exchange of professional experiences and strive for ensuring consistent quality of audits.
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International standards of supreme audit institutions (ISSAI)
International Standards of Supreme Audit Institutions – (ISSAI) consist of documents adopted by INCOSAI (International Congress of Supreme Audit Institutions – INTOSAI) the purpose of which is to manage professional standards of supreme audit institutions (SAI). They include four levels: •Level 1: Basic principles •Level 2: Assumptions (preconditions) for work •Level 3: INTOSAI audit standards including basic assumptions and principles of auditing •Level 4: Guidelines for auditing containing additional materials to be applied in various areas.

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Adoption, release, availability, and implementation of ISSAI framework
At the very beginning of establishment of public sector audit institutions in BiH, there was a need for adoption of internationally recognized standards which would help strengthen the position of these institutions while overcoming the problem of lack of capacity in the initial period. Immediately upon establishment of audit institutions in 2000, the Coordination Committee adopted in 2000 the INTOSAI standards (current ISSAI 100-400), Lima Declaration (ISSAI 1) and Code of Ethics (ISSAI 30). Development of such framework, its permanent updating and adoption by INCOSAI lead to the need of introducing this comprehensive framework into local practice. At the end of 2011, Coordinating Committee adopted the whole ISSAI framework.

The purpose of adoption of ISSAI framework
• Uniformity and compatibility in application of international standards of supreme audit institutions that will result in improvement of procedures per recommendations for all audit institutions in BiH, as well as establishment of coordinated criteria of issuance of auditor`s opinion. • High level of internal coordination owing to the work of Coordination Committee of audit institutions in BiH, joint adoption of standards and development of guidelines and methodology documents, respecting the specific requirements of offices that work at various levels of government, enabling a balanced development and efficiency in the work of audit institutions.
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Challenges
• Limited resources (the framework is exceptionally large and is constantly changing, therefore requiring the need of constant monitoring, implementation of amended or newly introduced parts, adjustments to guidelines, methodologies and working documents). • Different requirements in a sense of different responsibilities and types of clients that seeks individual actions and interest for different parts of ISSAI framework (e.g.. audits related to the Central Bank, revenues from indirect taxes at the BiH state level, audit of socially owned companies, public companies and funds, local selfgovernment units that are under jurisdiction of Entity offices).
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Overcoming of limitations due to financial crisis and implementation challenges
• Limitations in resources have been overcome owing to collaborative activities and utilization of resources available in all three offices (state and Entity). • Changes are permanent and continuous, and the results are visible in constant improvement of approaches and methodologies applied by audit offices at different levels.
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Lessons learned
• Need of common action, along with the respect for specificities; • Possibility of mutual utilization of available resources that would individually be insufficient.

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Other examples of good practice
• Audit laws prescribe an obligation of conducting professional evaluations of the work of audit offices, possibly by another public sector audit institution. • Joint professional evaluation of the work of audit institutions (parallel both in a sense of timeframe and the subject of evaluation) in Bosnia and Herzegovina conducted by SIGMA on the initiative of Coordinating Committee (in 2005 and 2011). • This way ensures comparability, enables insight into additional possibilities of strengthened cooperation within the Coordination Committee.
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Thank you for your attention!
Contact:
Audit Office of the Institutions of Bosnia and Herzegovina

Ured za reviziju institucija Bosne i Hercegovine Telefon: + 387 33 703 573 Faks: + 387 33 703 565 Email: saibih@revizija.gov.ba Web: www.revizija.gov.ba

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