"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”
A Cooperation Agreement between the Royal Audit Authority and the INTOSAI (International Organization of Supreme Audit Institution) Development Initiative (IDI) was signed in Kuala Lumpur, Malaysia on 21 May 2014. The agreement is focused on the IDI Global Programmme on Specialized Audits-Public Debt Audit of Lending and Borrowing Frameworks. The Programme aims to support Supreme Audit Institution (SAI) in strengthening professional and organizational capacity in conducting in-depth and effective audit of lending and borrowing frameworks, which is expected to facilitate in influencing use of universally accepted sound practices such as the UNCTAD Principles in sovereign lending and borrowing functions.
A week long in-house training on Audit Resource Management Systems (ARMS) Users began today at the Office of the Assistant Auditor General, Tsirang. Declaring the training session open, the Assistant Auditor General, Tsirang express his heartfelt gratitude to the RAA headquarter for identifying Tsirang as first office from among four regional offices and thanked the resource persons for taking the trouble to come all the way from Thimphu to deliver the training course. The AAG also reminded the participants especially the field auditors to take active participation in the session, taking due advantage of visiting experts from the ARMS Project.
A four member delegates from INTOSAI Development Initiative (IDI) Secretariat and the Office of the Auditor General of Norway are currently assessing the performance of the Royal Audit Authority w.e.f. 20th May, 2014. The scope of the assessment is guided by the SAI PMF methodology. It includes RAA’s financial, compliance and performance audit, organizational structures and procedures as well as the current legal and institutional framework.
The Royal Audit Authority released its Annual Audit Report 2013. The report was prepared and submitted to His Majesty the King, the Prime Minister and the Speaker as required under the Article 25.5 of the Constitution of the Kingdom of Bhutan and Section 72 of the Audit Act of Bhutan 2006.
A four member delegation led by the Comptroller and Auditor General of India, Shri Shashi Kant Sharma arrived in Bhutan today on 22nd April, 2014 for renewing Memorandum of Understanding (MoU) between the Royal Audit Authority and Office of the Comptroller and Auditor General of India.The MoU was first signed on 14th December, 2001 for a period of five years. It was then renewed sequentially and last MoU expired in 2013. Recognizing the benefits in working together in areas of mutual interest, the two Contracting Parties renewed the MoU today at Hotel Taj-Tashi, Thimphu, Bhutan.