The Role of Internal Audit in Government Financial Management: An International Perspective
The internal audit function has received increasing attention as an important component of government financial management and a tool for improving the performance of the government sector. Recently, a consensus has been reached on what audit standards governments should meet. This paper reviews these standards from an international perspective, noting that a large number of countries would face severe problems of meeting such standards. It is argued that internationally there are many different models for internal audit, and it may be necessary to take into account different audit traditions and different institutional capacities when introducing measures to strengthen internal audit in developing and transitional countries. The paper then discusses the main issues to be addressed in developing the internal audit in such countries, and offers a framework for introducing much needed reforms in this area.
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The Role of Internal Audit in Government Financial ..., Issues 2002-2094
Limited preview - 2002
The Role of Internal Audit in Government Financial Management: An ...
Mr. Jack Diamond
Limited preview - 2002
administrative areas argued audit committees Audit Office audit reports audit resources budget institution budget management model C&AG cadre central inspectorate centralized approach centralized IA checks comptroller Contralorķa Control Systems country practices decentralized approach developing and transitional developing the IA duties of internal emphasis ensure environment evaluate ex-ante controls expenditure financial regulations fiscal Francophone Government Financial Management government sector IA function IA service IA staff IA system IA units implementation important improve independence Institute of Internal internal and external internal audit function Internal Auditing Standards internal auditors internal control INTOSAI Kenya Latin American Countries LM management Malawi Management Control Minister of Finance National Health Service objectives OECD countries operations organization payment order PEM system perform IA pre-audit professional programs relevant report directly revenue Role of Internal SFR Yugoslavia strengthen supreme audit institution top MOF management transitional countries transitional economies United Kingdom Westminster model