"A premier audit institution that promotes value for money in government operations and contribute towards good governance”
"To audit without fear, favor or prejudice on the prudent and effective use of public resources and report to the Parliament and stakeholders for enhancing transparency and accountability in the government”
The Royal Audit Authority is initiating week long inhouse training on Construction Audit starting from today. The training is attended by 25 participants including two participants from Bhutan National Bank Limited and five participants from National Pension & Provident Fund. The course will be delivered by the four resource persons from College of Science & Technology, Phuentsholing.
In his opening remarks, the Hon’ble Auditor General stressed on the importance of the construction audit as huge government funds are allocated in the construction sector in the 10th FYP. He said that the government has issued appropriate manuals and guidelines to ensure effective management of procurement of works and services. In order to exercise oversight role of RAA in ensuring economy, efficiency and effectiveness in the use of public resources, he said that the RAA also has launched Construction Audit Manual in 2011. He said that the development of this manual had obtained wider acceptance and appreciation especially from Hon’ble Members of the Parliament, World Bank and Asian Development Bank. He also said that it is our duty to monitor the proper use of the allocated funds in the construction sector. He urged the participants to understand the concept of construction audit more clearly and enhance their ability in the field work.
Hon’ble Dasho also said that the construction Audit has been one of the top priorities emphasized by him since his appointment as the Auditor General. He said that knowledge of construction is inevitable for every auditor in order to carry out the construction audit. With high relevance of this knowledge, he also shared about supporting the candidates to undergo long term studies in the College of Science & Technology and also crash courses to be initiated by RAA itself in coming years in order to build the technical capacity in the organization.
The five days training will conclude this Friday, 11th May, 2012. The training was organized by the HR&IRD as a part of Continuing Development Policy of the Royal Audit Authority.