Auditors oriented on International Standards on Auditing (ISA)
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 awareness-training program was facilitated by a consultant from M/s BDO Partners, Chartered Accountants based in Sri Lanka.
The main objective of this awareness-training program was to instil awareness on standards and to leverage the implementation of International Standards of Supreme Audit Institutions (ISSAI) as RAA has committed to adopt ISSAI with the signing of Statement of Commitment (SoC) with the INTOSAI Development Initiatives (IDI) in April 2016.
The ISSAI would be implemented for three disciplines of audit namely: Performance, Financial and Compliance audit.