"A credible Supreme Audit Institution that promotes value for money and good governance in public operations and contributes towards achieving the societal aspirations of Gross National Happiness.”
" RAA is an independent constitutional body which contributes to accountability, transparency and effective service delivery. In the service of Tsa-Wa-Sum (the King, Country and People), we audit without fear, favour or prejudice and provide timely, reliable and quality audit services to assist effective decision making in the public sector.”
The Auditor General of Bhutan, led a six-member delegation, including officials from MoF, RMA and RAA to the first edition of South Asia Regional Seminar Series on ‘Enhancing Public Financial reporting to promote Growth in SAR’, held from 3rd to 4th November 2016 in Colombo, Sri Lanka.
The seminar adopted the theme ‘Implementation of IPSAS and Path to Accrual Accounting’ and aims to create awareness on the usefulness of high quality financial reporting for decision-making and stimulate thinking on how to move reporting practices in South Asia to the next level. The seminar explored the reporting reforms required for the region to support and promote growth, discuss the present trends and challenges in reporting reforms and hear from a diverse group of stakeholders on how they would benefit from financial reporting reforms in South Asia.
The event was attended by senior officials from the public sector including decision makers and preparers of financial statement, academia, regulators, think tanks and professional accountancy organizations from South Asia. Officials from International Federation of Accountants and International Public Sector Accounting Standards Board shared global trends in reporting.
The event was organized by the South Asian Federation of Accountants (SAFA) in partnership with the Institute of Chartered Accountants of Sri Lanka, the World Bank Group and funded by the Asian Development Bank.
A two-member delegation led by Mr. Einar Goerrissen, the Director General of INTOSAI Development Initiatives, Norway, accompanied by Mr. Karma Tenzin, Manager for Capacity Development, 3i Financial Audit, IDI, is in Bhutan on a five-day visit as part of the ISSAIs Implementation Initiatives, an IDI & RAA Collaboration. The Director General of IDI called upon the Dy. Speaker of the National Assembly, Chairperson of the Public Accounts Committee, and Secretaries of the MoF & GNHC.
Six auditors from the Royal Audit Authority is taking part in 3rd round of training on enhanced e-Tool and CiNET which commenced from 3rd October 2016 at the College of Science and Technology (CST), Phuentsholing.
A three-member delegation led by the Chairman of the State Audit Commission, Office of the Auditor General of Thailand, His Excellency Professor Chaisit Trachoetham is on four-day visit to Bhutan upon the invitation of the Auditor General of Bhutan.
The two Supreme Audit Institutions of Thailand and Bhutan signed a Memorandum of Understanding at the RAA Conference Hall today, the 23rd of August 2016. The MoU establishes a transparent framework for cooperation and aims at mutual institutional strengthening and increasing the effectiveness of public sector audit of respective SAI to contribute to value for money and good governance.
The MoU is expected to enhance relationship between the two SAIs in terms of mutual cooperation, knowledge and experience sharing and mutual benefits. The delegation returns to Thailand on the 25th of August 2016.
The Royal Audit Authority is currently hosting the ASOSAI Seminar on the theme “ISSAI Implementation - Experience and Strategy” at Paro. The Seminar is a forum that the ASOSAI organizes regularly and this is the first time it is being hosted in Bhutan. The five-day seminar was inaugurated by the Honorable Finance Minister of Bhutan, Lyonpo Namgay Dorji on the 22nd of August 2016.