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© OECD A joint initiative of the OECD and the European Union, principally financed by the EU Does the SAI Issue an Opinion of the Status of the Internal.

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Presentation on theme: "© OECD A joint initiative of the OECD and the European Union, principally financed by the EU Does the SAI Issue an Opinion of the Status of the Internal."— Presentation transcript:

1 © OECD A joint initiative of the OECD and the European Union, principally financed by the EU Does the SAI Issue an Opinion of the Status of the Internal Control System? Tõnis Saar NAO of Estonia Workshop on “Audit/Evaluation of Public Internal Financial Control (PIFC) Systems” Ankara, 8 – 9 July 2008

2 Key learning points Theory SAIs in the accountability circle Giving assurance and taking assurance Practice What PiFC is in Estonia (critical view) NAOE role 5 years ago, today and tomorrow Some recommendations

3 Report Opinion Money SAIs in the accountability circle Parliament SAIGovernment Auditing

4 Is that a PIFC? Report Opinion Money Principal AuditorAgent Auditing Report Opinion Money Principal AuditorAgent Auditing Report Opinion Money Principal AuditorAgent Auditing Report Opinion Money Principal AuditorAgent Auditing Report Opinion Money Principal AuditorAgent Auditing ???

5 RISK SAI ICS How to make it work?

6 Conclusion SAIs must evaluate, assess, monitor and take assurance from the internal control systems constantly (in every audit) Approach - Everybody are auditing everyring! – must be avoided, it is waste of resources Take a risk based approach Today Is NAO giving overall (horizontal) opinion on IC system – NO Is NAO giving recommendations – YES and MUST do Is IA giving overall opinion on IC system – streching target Is management giving overall assurance on IC system – MUST Tomorrow Will NAO give overall opinion on IC systems? Serious dobts Will NAO evaluate IC and make recommendations? It´s a MUST

7 PiFC in Estonia (Critical view) “God we believe, everything else we audit?” Difficult start- no standards, no help, no interest Guidelines - One “girl” show and one time exercise with weak underling processes Mistakes pay back Management accountability did not really work IA audit was a campain and “luckily” took off - some mistakes helped External pressure was important EU money still has different PiFC than rest of the budget Management is still not sure what is the sense of this nonsense?

8 Role of the NAO of Estonia 5 Years ago Get the accountability in the place Push the standards and internal audit Improve NAOs own quality Budgeting process, accounting reform, commission roadmap(s) Today Understanding really the key issues and trying to make accountability work Valuing experience, quality of people and transparency Addmiting mistakes and change step by step Tomorrow Financial audit shift – SAI as a “Group auditor” Sertification – IA and EA, havent really acheived yet Capacity building of NAO and IA

9 Reccommendations Help MoF by creating extra pressure to them and to gov. Never forget the parliament You always need a case – hard evidence to justify the change. Nobody likes the theory! It is easy to change the law, difficult to change processes, takes time and leaders to change thinking (culture and values) Take it from the start as a ongoing process – forget the “chapters” you need it anyway Find help and define your own needs – talk to people PUSH, learn and admit mistakes, PUSH, learn and admit mistakes, PUSH... etc It is not the audit what matters, but the communication Value the people and experience

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