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Agenda ALSAI budget accounts-April 2019


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This workshop was organised with the Supreme AuditInstitution of Albania to help them develop the audit of the Albanian FinalState Budget Execution Account.

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Agenda ALSAI budget accounts-April 2019

  1. 1. . 2 Rue André Pascal 75775 Paris Cedex 16 France Tel: +33 (0) 1 45 24 82 00 This document has been produced with the financial assistance of the European Union (EU). It should not be reported as representing the official views of the EU, the OECD or its member countries, or of partners participating in the SIGMA Programme. The opinions expressed and arguments employed are those of the authors. This document, as well as any data and any map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. © OECD 2018 – The use of this material, whether digital or print, is governed by the Terms and Conditions to be found on the OECD website page Workshop on the Audit of the Final State Budget Accounts - Agenda - 4-5 April 2019 Tirana, Albania
  2. 2. 2 Background The SAI of Albania (ALSAI) is currently developing its methodology for auditing the final budget accounts of Albania. The objective of the planned guideline on the audit of final budget accounts of Albania is to help auditors understand the requirements and the specific procedures required to enable ALSAI to effectively audit and report on the final state budget accounts. The guideline will compliment revised financial and compliance audit manuals, and provide specific methodological guidance on specific issues that need to be considered in auditing group financial statements such as the final state budget accounts. The practical implementation of the guideline should ensure that an appropriate audit approach is adopted in planning, conducting and reporting the audit of the final state budget accounts. When preparing the Guideline, ALSAI will take into account the requirements of the International standards of supreme audit institutions (ISSAI)1 as well as national laws and regulations. During the initial discussions on ALSAI’s audit of the final state budget accounts, it is clear that there are a number of challenges. These include  inconsistent approaches and practices for audits across the ALSAI and their contribution to the audit of the final state budget execution accounts  the financial and compliance audit manuals are not being applied consistently across the institution  no appropriate financial reporting framework. The final state budget account is basically a summary account reporting the expenditures of auditees against the approved budget (in other words not a consolidated financial statement under accounting standards)  there has been no clear direction for the audit of the final state budget account and the contribution that the audit of individual auditees makes to it  the 2017 final state budget accounts were the first that ALSAI have given an opinion on. The audit was compliance focused and the opinion reflects this. During the summer of 2018 ALSAI requested SIGMA to support their development of their approach to the audit of the final state budget accounts, including the development of the proposed guideline. As a first step in this process SIGMA have agreed to organise a workshop which will  share experiences from EU member state SAI on the audit of final state budget accounts  discuss the applicability of ISSAI 1600 on the audit of group financial statements  discuss the challenges in developing and implementing ALSAI’s approach to the audit of the final state budget account  identify the way forward Approach On the first day 1 of the workshop, SIGMA will provide practical examples about the audit of final state budget accounts and group financial statements through two concrete country examples: the UK (on the example of Scotland) and Lithuania. Theoretical information about the application of ISSAI 1600 on the audit of group financial statements will also be provided. Day 2 will be reserved to clarify more in depth questions that may have arisen during day 1, discuss the challenges and issues that ALSAI need to address, the applicability of ISSAI 1600 and ALSAIs role in promoting a strengthened financial reporting framework to support the effective management of public finances in Albania Participants are encouraged to engage actively in questions and discussions with the experts. Simultaneous Interpretations will facilitate the exchange between participants and SIGMA experts.
  3. 3. 3 4 April 2019 9.00 Registration and coffee 9.30 Opening of the Workshop, Welcome Mr Alastair Swarbrick, Senior Adviser, SIGMA Mrs Manjolo Naço, General Director ALSAI 9.45 The final state budget account of Albania and how they are audited Azmi Stringa, Director of Department of State Revenue Audit, ALSAI This session aims to provide background on the final state budget accounts and how they are currently audited. It will highlight what makes up the accounts, the auditees that are included, how they are audited and the challenges/issues in carrying out the audit. Questions and answers 10.45 Coffee 11.15 Auditing the National Financial Statements by the National Audit Office of Lithuania Vita Andrulytė– Principal Auditor in the Financial Audit Department This presentation explains how the NAO of Lithuania plans, conducts and reports on the audit of the consolidated National Financial Statements of Lithuania, including how it engages and obtains assurance for component entities included in the Financial Statements. Questions and Answers, discussion 13.15 Lunch 14.15 Auditing the Scottish Government Consolidated Accounts and the application of ISSAI 1600 Alastair Swarbrick – SIGMA expert This presentation will give an overview of the audit of the Scottish Government Consolidated Accounts and the application of ISSAI 1600. Questions and Answers – discussion 16.00 Coffee 16.15 Wrap-up of day 1 Joop Vrolijk – SIGMA expert In this session the key themes arising from the day will be summarised and the issues to be discussed on day 2 highlighted. 16.45 Close of day 1
  4. 4. 4 5 April 2019 09.00 Welcome coffee 09.30 Facilitated Discussion on Key Issues for ALSAI and the next steps Joop Vrolijk and Nuriona Sokoli – SIGMA experts Based on the discussions and presentations of the first workshop day, participants and experts will discuss the key issues to be addressed by ALSAI in developing the audit of the final state budget accounts and the next steps. This will include discussion on how to develop the guidelines and revise the financial audit manual. 11.00 Coffee break 11.30 Next steps for ALSAI – continued 12.30 Closing of the Workshop