"A premier audit institution that promotes value for money in government operations and contribute towards good governance”
"To audit without fear, favor or prejudice on the prudent and effective use of public resources and report to the Parliament and stakeholders for enhancing transparency and accountability in the government”
The Royal Audit Authority has conducted two days awareness-training program on International Standards on Auditing (ISA) from 24 - 25 June 2016 at Thimphu with participants from its four regional offices and special invitees from its two empanelled local audit firms including staff from headquarter. There were about 60 participants attending the program.
The Auditor General of Bhutan, Hon'ble Tshering Kezang is participating in the on-going two days Financial Reform for Economic Development (FRED) Forum in Kuala Lumpur, Malaysia.The FRED forum is a joint initiative of Confederation of Asia-Pacific Accountants (CAPA) and the World Bank. It is a flagship event for the accountancy profession in the region that aims to address matters related to accounting, reporting, and auditing that has significant impact on economic development. The Forum focuses on a wide range of issues affecting the private, public, and not-for-profit sectors. The accountancy profession has a key role to play in encouraging, designing or implementing many of the financial reforms and agendas.
Around 30 RAA's auditors are undergoing ISSAI based performance audit training in Paro this week. The training is facilitated by Mr. Rajesh Dayal, International Consultant with in-depth lessons on conducting ISSAI compliant performance audit. The training is in line with the RAA's move towards adopting ISSAIs as the authoritative standards. With most of the SAIs in the INTOSAI community gearing towards the ISSAI as a common public sector auditing standards, it is a way forward approach for the RAA. RAA has a plan to conduct large number of performance audits as per it's Strategic Plan 2015-2020 priorities. Such type of training is towards capacity building in the field of performance audit.
The Statement of Commitment on ISSAI Implementation Initiative (3i Programme) Phase II was signed between Mr. Per- Kristian Foss, the Auditor General of Norway & Chairman of IDI Board, INTOSAI Development initiative and Mr. Tshering Kezang, the Auditor General of Bhutan today In Oslo, Norway. As per the agreement, the RAA shall be piloted for 3i Phase II-ISSAI implementation under the financial support of the World Bank. The programme profile of the commitment consist of development of courses on ISSAIs, training of subject matter experts and piloting ISSAI compliant audits for the SAI Bhutan. The day also witnessed the exchange of presentations between the two SAIs.