Royal Au­dit Author­ity plans 795 au­dits for the fi­nan­cial year 2015-16

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its An­nual Au­dit Re­ports, has al­ways been in­sist­ing ac­tions of ap­pro­pri­ate au­thor­i­ties and im­ple­ment­ing agen­cies for im­proved con­struc­tion and pro­cure­ment man­age­ment and en­hanc­ing econ­omy, ef­fi­ciency and ef­fec­tive­ness in the use of pub­lic re­sources.

The re­port says that, the RAA will con­tinue to as­sess the ad­e­quacy of safe­guards and mon­i­tor­ing and eval­u­a­tion sys­tems in place and com­pli­ances to en­sure qual­ity of ac­qui­si­tions of goods and ser­vices in or­der to en­sure econ­omy, ef­fi­ciency and ef­fec­tive­ness in the use of pub­lic re­sources. The au­dit man­agers and au­dit teams shall de­ter­mine the scope and ex­tent based on ma­te­ri­al­ity and as­sessed risk for the agency.

The RAA shall sen­si­tize its au­di­tors on a reg­u­lar ba­sis on the Con­struc­tion and Pro­cure­ment Au­dit Man­u­als for bet­ter ap­pli­ca­tion of au­dit method­olo­gies.

Ser­vice de­liv­ery

The RAA will also fo­cus on ser­vice de­liv­ery by pub­lic agen­cies wher­ever ap­pli­ca­ble in or­der to sug­gest rel­e­vant agen­cies and au­thor­i­ties to cater to the needs of the ser­vice tak­ers and also to en­sure that rel­e­vant agen­cies oblige to the man­dates in de­liv­ery of the ser­vices.

The au­dit teams from RAA will fo­cus on the core ser­vices that the agency of­fers and re­view the poli­cies and pro­ce­dures in place to en­hance achieve ef­fi­cient de­liv­ery of ser­vices. The ex­tent and type of ser­vices that would be re­viewed shall de­pend on the judg­ment of the man­agers and ac­cord­ingly scope it in the au­dit plans. The RAA ex­pects to add value through its rec­om­men­da­tions on sys­temic and pro­ce­dural re­views based on the rel­e­vant leg­is­la­tions and rules and reg­u­la­tions in place.

Main­te­nance of Govern­ment prop­er­ties

The RAA will also con­tinue to fo­cus on re­view­ing con­trols and safe­guards in­sti­tuted by pub­lic agen­cies to en­sure proper man­age­ment of gov­ern­ment prop­er­ties in agen­cies planned for au­dit dur­ing the year.

The RAA will fo­cus on this thrust area to en­sure that all gov­ern­ment & na­tional prop­er­ties are prop­erly reg­is­tered and ac­counted for, as well as en­sure that a sys­tem of reg­u­lar main­te­nance and proper care of gov­ern­ment prop­er­ties are en- sured. Au­di­tors will also ver­ify the use of prop­er­ties for their in­tended pur­poses. The au­di­tors will check com­pli­ance to the Prop­erty Man­age­ment Man­ual and test in­ter­nal con­trols in for the man­age­ment of prop­er­ties and plan their au­dit pro­ce­dures based on pro­fes­sional judg­ments.

Rev­enue Man­age­ment

The rev­enue man­age­ment by pub­lic agen­cies is one of the vul­ner­a­ble ar­eas where per­pe­tra­tion of frauds and cor­rup­tions oc­cur spo­rad­i­cally. The RAA will con­tinue to fo­cus on this area and en­sure that its au­dit plans and pro­grammes ad­e­quately ad­dress ap­pro­pri­ate method­olo­gies for com­pre­hen­sive re­views.

With spe­cial­ized fo­cus on this par­tic­u­lar area, the RAA will be able en­sure that timely de­posits are made af­ter col­lec­tions and that the pro­cesses are in com­pli­ance to the Rev­enue Ac­count­ing Man­ual. The au­dits shall also test the in­ter­nal con­trols to as­sess pos­si­bil­i­ties of teem­ing and lad­ing of deal­ing of­fi­cials and thereby pro­vide rec­om­men­da­tions to the man­age­ment in strength­en­ing weak ar­eas in the agency’s sys­tems or pro­cesses. The man­age­ment should be able to take prompt ac­tions to en­hance pro­ce­dures, weed out risks, and de­tect threats as early as pos­si­ble.

Mean­while, The Royal Au­dit Author­ity has planned a to­tal of 795 au­dits for the Fi­nan­cial Year 2015-16. This in­cludes 649 Fi­nan­cial Au­dits; 107 Com­pli­ance Au­dits; Seven Per­for­mance Au­dits & 32 for Statu­tory Au­dits.

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