www.audit.org.gy · 2007-01-24 2006 Audit Procedures Manual
1. BACKGROUND OF THE AUDIT OFFICE, MANDATE AND
LEGISLATURE OVERSIGHT ROLE GENERAL PRINCIPLES
1.1 The basic principles in government auditing are enshrined in the Code of Ethics and Auditing Standards of the International Organization of Supreme Audit Institutions (INTO SAI). Section ... Accountants (IFAC) are relevant for the guidance of the staff of the Audit Office of Guyana (AOG) as Guyana’s Supreme Audit Institution (SAI) in the audit of government entities that are ... The Audit Office of Guyana.
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2006 Audit Procedures Manual auditors, in providing an independent report on whether an entity’s financial information is ... 1.4 The external audit of government companies is governed by several legislative instruments, ... that is a subsidiary of a government company. The Fiscal Management and Accountability Act (2003) appoints the Auditor General to audit all entities in which a controlling interest vest in the State. This is strengthened by the provisions of the Audit Act 2004 (S24) where the ... considers necessary for the audit, he shall state that fact in his report.
The Audit Office of Guyana.
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1.11 S168(5) If the Director’s annual report is incomplete or inaccurate in any way, the ... 1.13 S24(2) The Auditor General shall examine in such manner as he deems necessary the ... to conduct special audits and at his discretion prepare special reports when such audits are
completed. THE MANDATE OF THE AUDITOR GENERAL AND THE AUDIT OFFICE 1.15 The Auditor General’s role and functions are enshrined in the Constitution of Guyana (section 223). His Office is a public Office and he is responsible to Parliament. 1.16 Under the Audit Act of 2004, Section 4(1), the “Auditor General shall be the external Auditor of the public accounts of Guyana and, in the discharge of his functions, shall have complete ... the Constitution, act independently in the discharge of his functions.”
The Audit Office of Guyana.
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The Audit Act of 2004 gives the Auditor General wide powers and authority for the establishment and administration of an independent Audit Office, and to regulate such other matters connected with or incidental to the independent auditing of the finances of the State. The provisions of the Audit Act also strengthen parliamentary oversight over the work of the ... 1.17 Under Section 25 of the Act, the Auditor General is required to report annually, and within nine months of the end of the fiscal year, on the results of the consolidated financial statements and the accounts of budget agencies in relation to that fiscal year. As per the Constitution (Section 223(3), the Auditor General shall submit reports to the Speaker of the National Assembly, who shall cause them to be laid before the National
Assembly. 1.18 This responsibility of the Auditor General to report annually to the National Assembly is reiterated by Section 74(2) of the Fiscal Management and Accountability Act of 2003, which
states: “The Auditor General shall, within nine months following the end of the fiscal ... statements together with the audit report thereon to the Speaker of the National ... 1.19 In accordance with Article 223 of the Constitution, the Public Accounts Committee (PAC) of Parliament will exercise general supervision over the functioning of the Audit Office, in accordance with rules, policies and any other law. 1.20 Under the Audit Act, the Auditor General is authorized, with the approval of the PAC to make ... General shall not be subject to the direction or control of any person or authority.