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In order for a SAI to effectively hold government accountable for its stewardship of public<br />
resources, it must operate on the fundamental principles of independence, transparency and<br />
accountability, ethics and quality control. An independent and professional SAI should hold<br />
itself to the principles that it expects of the public sector entities that it audits so as to lead by<br />
example. 45<br />
SAIs typically undertake three kinds of audits:<br />
• Financial audits.<br />
• Compliance audits.<br />
• Performance audits.<br />
In some countries, the SAI has jurisdictional authority with additional legal powers to investigate<br />
and prosecute.<br />
In Albania, the SAI is known as the Supreme State Control (SSC) and reports to the Assembly.<br />
The SSC describes itself as “the highest institution of economic and financial control in the<br />
Republic of Albania.” Its self-declared purpose is<br />
to control the effective and beneficial use of public funds, financial good administration and<br />
control of the implementation of legality in the economic and financial field…[including]<br />
communication and providing information to public authorities and the public in general,<br />
through the publication of unbiased reports. 46<br />
The IIA and INTOSAI produced a joint report confirming the compatibility of the respective sets<br />
of standards. Internal auditors and external auditors have very broadly the same objectives – in<br />
terms of accountability, transparency, and assurance – and have similar methodologies. While<br />
maintaining their individual independence, there is plenty of scope for collaboration in training<br />
and professional development, the planning of audits, and sharing of findings. An internal audit<br />
engagement may deploy a member of the SAI as a guest auditor. The degree of reliance placed<br />
on the work of another assurance provider is dependent on the level of independence and<br />
competency and the standards applied to the work, and its relevance, scope, and currency.<br />
According to INTOSAI professional standards:<br />
the Supreme Audit Institution has the task of examining the effectiveness of internal audit. If<br />
internal audit is judged to be effective, efforts shall be made, without prejudice to the right of<br />
the Supreme Audit Institution to carry out an overall audit, to achieve the most appropriate<br />
division or assignment of tasks and cooperation between the Supreme Audit Institution and<br />
internal audit. 47<br />
45<br />
OECD Public Governance Reviews: Supreme Audit Institutions and Good Governance, OECD, 2016.<br />
46<br />
State High Control, Shtetiweb, 2021.<br />
47<br />
ISSAI 1, The Lima Declaration, INTOSAI, 2019.<br />
76