Features and Functions of Supreme Audit Institutions
Supreme audit institutions are national
agencies responsible for auditing government revenue and
spending. Their legal mandates, reporting relationships, and
effectiveness vary, reflecting different governance systems
and government policies. But their primary purpose is to
oversee the management of public funds and the quality and
credibility of governments' reported financial data. In
the past the World Bank and other donors often established
parallel auditing systems for their projects, undermining
developing countries' supreme audit institutions, on
whose work they could not always rely. Equally problematic
have been projects that encouraged performance auditing but
ignored basic weaknesses in financial management. In recent
years the Bank has tried to strengthen oversight agencies
such as supreme audit institutions. This note is intended to
help Bank staff appreciate the role and nature of these
institutions, particularly in managing public spending,
ensuring financial accountability, and strengthening public institutions.
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Bibliographic Details
| Main Authors: |
Stapenhurst, Rick,
Titsworth, Jack |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2002-06
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| Subjects: | AUDITING,
PUBLIC EXPENDITURES,
QUALITY ASSURANCE,
PERFORMANCE AUDITS,
COMPLIANCE VERIFICATION,
BUDGETS,
PARLIAMENTARY SYSTEM,
ENABLING ENVIRONMENT,
INDEPENDENCE,
KNOWLEDGE SHARING,
AUDITING STANDARDS,
INTERNATIONAL STANDARDS,
CORRUPTION IN POLITICS ACCOUNT,
ACCOUNTABILITY,
ACCOUNTS,
ANNUAL REPORT,
AUDITORS,
AUDITS,
AUTHORITY,
AUTONOMY,
CHECKING,
COMPLIANCE AUDITING,
CONSTITUTION,
CORRUPTION,
DECISION-MAKING,
DECISION-MAKING BODY,
FINANCIAL DATA,
FINANCIAL MANAGEMENT,
FISCAL,
GOVERNMENT AGENCIES,
GOVERNMENT ENTITIES,
GOVERNMENT POLICIES,
GOVERNMENT PROGRAMS,
GOVERNMENT SPENDING,
INSTITUTIONAL ROLE,
INTERNAL CONTROLS,
JUDICIARY,
LAWS,
LEGISLATION,
MANDATES,
MINISTRY OF FINANCE,
PUBLIC ACCOUNTING,
PUBLIC EXPENDITURE,
PUBLIC FUNDS,
PUBLIC INSTITUTIONS,
PUBLIC SECTOR,
PUBLIC SPENDING,
REPORTING,
SOCIAL SECURITY,
TRANSPARENCY,
WORKERS, |
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| Online Access: | http://documents.worldbank.org/curated/en/2002/06/2011693/features-functions-supreme-audit-institutions
https://hdl.handle.net/10986/9766
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