State Audit Office of Vietnam
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This article explores SAI stakeholder engagement and present findings from an intenational survey carried out by the National Audit Office of Estonia (NAOE). The NAOE survey, as part of the International Organization of Supreme Audit Institutions (INTOSAI) Development Initiative’s (IDI) SAI Young Leaders project, was distributed to 47 SAIs, as well as the European Court of Auditors. Thirty-eight delegates responded.
Public audit aims to enhance good governance by promoting transparency and accountability in governmental financial affairs. Throughout the audit process, identifying any weakness and gaps is crucial, particularly pertaining to legal compliance; internal control; revenue assessment and collection; budget, public procurement and project management; and service delivery. To address such deficiencies, audits present advice designed to achieve economy, eficiency and effectiveness in public resource use; however, merely providing suggestions does not meet an audit’s desired objectives. The ultimate objective— making a difference in the lives of citizens—can only occur when audited entities implement the recommendations.
International experience shows that the Supreme Audit Institution (SAI) plays an important role in assessing the Government's prepareness to achieve the SDGs. Therefore, it is neccesary for the SAV to focus on studying, developing the outline and audit plan for the audit of this area.
Performance audits, which aim to provide citizens with new information and trace final destinations of money spent, theoretically share a common purpose with public institutions—to better serve the citizens.
Corruption and financial fraud are very challenging issues within the banking system that can infect irreparable harm to a nation’s development and growth.
