PFM Board
Internal and External Audit => External Audit, an essential oversight function => Topic started by: chandra on February 28, 2017, 15:54:49 GMT
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Effectiveness of SAI
Whether Supreme Audit Institution (SAI) of a country has been effective depends on whether an SAI been able to demonstrate its on-going relevance to the citizen and other stakeholders representing citizens. Such on-going relevance may be in the form of varieties of activities which may include selecting audit topic relevant to the concerns of the citizen, acceptance of audit recommendation by the audited agencies and making improvements in public financial managements; laws, regulations, budget process and improving service delivery, amount recovered as it was reported by auditors.
As auditors in most of the jurisdictions do not have power of sanctions, with exception in some SAIs; special in court model, they are considered as barking dogs. Even though their bark shall be able to hold government accountable and be responsive to the citizen. Only this can turn SAI effective.