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Presentation Bosnia And Herzegovina English

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Performance - An Audit Perspective
Republic of Srpska, Ljiljana Vukobrad

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Presentation Bosnia And Herzegovina English

  1. 1. PUBLIC SECTOR AUDIT IN BIH Supreme Audit Institution for institutions of Bosnia and Herzegovina SUPREME AUDIT INSTITUTION FOR BIH INSTITUTIONS
  2. 2. Public sector audit in BiH <ul><li>Public sector audit in Bosnia and Herzegovina falls under the authority of : </li></ul><ul><li>At the state level </li></ul><ul><li>- Supreme Audit Institution for institutions of Bosnia and Herzegovina </li></ul><ul><li>At the entity and lower authority levels </li></ul><ul><li>- Supreme Audit Institution for institutions in the FBiH </li></ul><ul><li>Supreme Audit Institution for public sector in the RS </li></ul><ul><li>The Supreme Audit Institution for the BiH Institutions was founded upon law enacted in 1999. </li></ul><ul><li>In order to ensure higher level of independence of the Supreme Audit Institution and Auditor General as well as to ensure harmonization with the highest international standards, the Law was changed in 2005. </li></ul>
  3. 3. Supreme Audit Institution for the BiH Institutions <ul><li>Supreme Audit Institution performs : </li></ul><ul><li>- financial audits ( regular annual audits of financial statements of individual institutions, consolidated budget statements of BiH institutions, etc. ) alongside with the compliance audit and IT audit (system audit); </li></ul><ul><li>Performance audits , value-for-money audit </li></ul><ul><li>Other specific audits ; </li></ul><ul><li>The main objective of the audits performed by the Supreme Audit Institution is to ensure independent opinions regarding budget realization and financial statements, use of resources and management with the state property by the Council of Ministers, budget and public institutions in BiH, which contributes to reliable reporting on use of budget resources, transparent and qualitative management of public revenues, expenditures and state property .  </li></ul><ul><li>The Supreme Audit Institution informs relevant institutions and public of its findings and recommendations by timely and public release of audit reports, and if relevant by other means of reporting .  </li></ul><ul><li>The Supreme Audit Institution is a non-political institution and it must not support or be related to any political party .  </li></ul>
  4. 4. Coordination Board of the audit institutions in BiH <ul><li>Founded upon state Law on audit of BiH institutions, entity laws on audit make a proper reference to it. </li></ul><ul><li>Membership : auditors general and deputy auditors general from the state and entities supreme audit institutions. </li></ul><ul><li>Chairmanship : The Auditor General of the Supreme Audit Office for institutions of Bosnia and Herzegovina chairs the Coordination Board . </li></ul><ul><li>All Coordination Board’s decisions are enacted by consensus. </li></ul>
  5. 5. Coordination Board of the audit institutions in BiH – powers <ul><li>The powers of the Coordination Board are : </li></ul><ul><ul><li>To establish consistent manuals and guidelines based on INTOSAI auditing standards ;  </li></ul></ul><ul><ul><li>Exchange of professional experience and aspiration towards providing consistent audit quality ;  </li></ul></ul><ul><ul><li>Organization and coordination of development activities by all three audit institutions ;  </li></ul></ul><ul><ul><li>Assigning audit responsibility for joint activities ;  </li></ul></ul><ul><ul><li>To nominate representatives at international bodies . </li></ul></ul>
  6. 6. <ul><li>THANK YOU FOR YOUR ATTENTION! </li></ul>

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