"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”
With expected escalating trend of imparting trainings to its employees as to cope up with changes in external auditing environment, the Royal Audit Authority has sent around16 officers to undergo over a weeklong Training of Trainers (ToT) courses in Bangkok, Thailand. The training commenced from 18th September, 2014 is expected to provide the participants with basic hands on experience on methodologies and tools required for effective course delivery. The participants will embrace key learning processes focusing on adult learning principles, including various stages of learning cycles. After availing the training, in the process of recapitulation the participants will rehearse lessons learnt in the In-house ToT course scheduled in the RAA headquarters. Further, they will be trained to align their training skills with INTOSAI and ASOSAI structured training standards. And also the same group of participants will be fully engaged in designing course materials and conducting in-house trainings of RAA in the near future.
The 59th Policy Planning and Consultative Meeting chaired by Hon'ble Auditor General was held in the headquarters today. The meeting was attended by around 50 participants including Assistant Auditors' Generals of regional offices and headquarters. Issues discussed were on the following agenda items:
A week long in-house training on Financial Data and Financial Statement Analysis is being commenced from today at the RAA Conference hall. The training is facilitated by in-house trained trainers Mr. Penjor, Sr. Audit Officer and Mr. Sonam Wangdi, Audit Officer. Within the next five days the training is expected to cover comprehensively on the logic of financial statement; concept of financial analysis; analysis of Receipt and Payment statement of the Budgetary Bodies and linkage with audit planning and execution. Participants are given group works and exercises as part of active adult learning strategies.
The RAA is pleased to release bi-annual publication of 7th Newsletter covering issues and events happened during the period January to June, 2014. In this edition, a brief news on a goodwill visit by the Comptroller & Auditor General of India and renewing of Memorandum of Understanding between the two Supreme Audit Instutions were covered. Besides, it also entails news coverage on hosting of SAI-Performance Measurement Framework training and guided by the Framework, an assessment study undertaken for the RAA by the INTOSAI Development Initiative Secretariat. The finalization of Audit Performance Evaluation Management System, publication and release of Annual Audit Report 2013 and Annual Audit Plan 2014-2015 and further, participation in numerous professional activities and discussion of significant audit issues in the Parliament were prominent features. For information dissemination purpose, an excerpt on SAI-Performance Measurement Framework Methodology which has recently became a global tool for measuring performances of Supreme Audit Institutions is also included.
A six member delegation headed by the Hon’ble Auditor General of Royal Audit Authority (RAA) was welcomed by His Excellency Nguyen Huu Van, Auditor General of the State Audit Office of Vietnam (SAV) on 5th August 2014. The visit to the SAV was on the invitation of His Excellency the Auditor General of Vietnam.