Related Research Articles
An audit is an "independent examination of financial information of any entity,whether profit oriented or not,irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon." Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them,obtain evidence,and evaluate the propositions in their auditing report.
An audit committee is a committee of an organisation's board of directors which is responsible for oversight of the financial reporting process,selection of the independent auditor,and receipt of audit results both internal and external.
An external auditor performs an audit,in accordance with specific laws or rules,of the financial statements of a company,government entity,other legal entity,or organization,and is independent of the entity being audited. Users of these entities' financial information,such as investors,government agencies,and the general public,rely on the external auditor to present an unbiased and independent audit report.
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London,responsible for regulating auditors,accountants and actuaries,and setting the UK's Corporate Governance and Stewardship Codes. The FRC seeks to promote transparency and integrity in business by aiming its work at investors and others who rely on company reports,audits and high-quality risk management.
International Standards on Auditing (ISA) are professional standards for the auditing of financial information. These standards are issued by the International Auditing and Assurance Standards Board (IAASB). According to Olung M,ISA guides the auditor to add value to the assignment hence building confidence of investors.
The Institute of Chartered Accountants of Pakistan is a professional accountancy body in Pakistan. It has over 10,000 members working locally and globally. The institute was established on July 1,1961 to regulate the profession of accountancy in Pakistan. It is a statutory autonomous body established under the Chartered Accountants Ordinance,1961. With the significant growth in the profession,the CA Ordinance and By-Laws were revised in 1983.
The Internal Audit Service or IAS is a Directorate-General (DG) of the European Commission that was established in 2001 to provide an increased accountability of the Commission.
Vinod Rai is a former IAS officer who served as the 11th Comptroller and Auditor General of India. He assumed office on 7 January 2008 till 22 May 2013. He is the current chairman of UN Panel of External Auditors and Honorary Advisor to the Indian Railways and a member of the Railway Kaya Kalp Council.
The International Organization of Supreme Audit Institutions (INTOSAI) is an intergovernmental organization whose members are supreme audit institutions. Nearly every supreme audit institution in the world is a member of INTOSAI. Depending on the type of system used in their home country,the members of INTOSAI may be variously titled the Chief Financial Controller,the Office of the Comptroller General,the Office of the Auditor General,the Court of Accounts,or the Board of Audit.
Kamlesh Shivji Vikamsey is an Indian Chartered Accountant and a Past President of Institute of Chartered Accountants of India (ICAI) and a Past President of The Confederation of Asian and Pacific Accountants (CAPA). He is an expert on governance and oversight;and has served in his personal capacity on several international organizations like UNDP,IMF,UNICEF,ITU and WMO in Audit and Oversight Committees.
The Office of the Comptroller and Auditor General of Bangladesh (C&AG) is the Supreme Audit Institution (SAI) of the country. Like the SAIs in many other countries across the world the institution is established by the Constitution of Bangladesh. This institute is responsible for maintaining accounts of the republic and audits all receipts and expenditure of the Government of Bangladesh,including those of bodies and authorities substantially financed by the government. The reports of the CAG are discussed by the Public Accounts Committee,which is a standing committee in the Parliament of Bangladesh.
Shashi Kant Sharma is a retired central civil servant of 1976 batch under IAS cadre belonging to Bihar. He was the Comptroller and Auditor General of India. In July 2014 he assumed office as a Member of the United Nations Board of Auditors. On 11 January 2017,Sharma took over as the Chairman of the United Nations Board of Auditors. The reports of the Board serve as a key input for policy making within the UN.
Vijayendra Nath Kaul was the tenth Comptroller and Auditor General of India (CAG) from 2002 to 2008. He was awarded the Padma Bhushan in 2014.
Hussam bin Abdulmohsen Alangari is the President of the General Court of Audit (GCA) in the Kingdom of Saudi Arabia since May 7,2016. His appointment was made through a royal decree and subsequently renewed by another decree dated Rajab 28,1441 AH.
The United Nations General Assembly Fifth Committee is one of six main committees at the United Nations General Assembly. It deals with internal United Nations administrative and budgetary matters.
The Auditor-General of Ghana is the head of the Ghana Audit Service,a legislative branch agency re-established by the government of Ghana in 1992 through the 1992 Constitution of Ghana. It was established as part of the Audit Service through Article 188 of the 1992 Constitution of Ghana as part of the Public Services of Ghana. The Auditor-General through the Audit service undertakes audits of the public accounts of Ghana and all public offices as mandated by Article 187 of the 1992 Constitution of Ghana.
Daniel Yaw Domelevo is a Ghanaian accountant who currently serves as a Board member of the Global Fund. He is a former Auditor-General of Ghana. He was appointed by John Dramani Mahama in 2016 to replace Richard Quartei Quartey who had retired from Public service. He won the 2019 Integrity Personality Award at the 2019 Ghana Integrity Initiative awards.
The Ghana Audit Service is an independent government agency in Ghana that is responsible for carrying out the audits on the accounts of the Government,Regions as well as the activities of the Ministries,Departments,Agencies and Companies under the Government of Ghana. Both the Office of the Auditor-General of Ghana and the Ghana Audit Service were established by the 1992 Constitution of Ghana. Internationally,the equivalent of the Ghana Audit Service is referred to as the Supreme Audit Institution (SAI). The International Organization of Supreme Audit Institutions (INTOSAI) is the international board that oversees and creates benchmark for auditing public entities for all Supreme Audit Institutions including Ghana who are also members.
Johnson Akuamoah Asiedu is a Ghanaian accountant who currently serves as Auditor-General of Ghana. He was appointed by Nana Akufo-Addo in 2021 to replace Daniel Yaw Domelevo.
References
- ↑ "Past Auditors General | Ghana Audit Service" . Retrieved 5 March 2021.
- 1 2 3 4 "Past Members | IAAC". www.un.org. Retrieved 5 March 2021.
- ↑ The State Auditor. Ghana Audit Service. 2011.
- 1 2 3 4 5 6 "Richard Quartey Appointed Auditor-General". Modern Ghana. Retrieved 5 March 2021.
- 1 2 "Republic of Ghana Appoints New Auditor General • INTOSAI Journal". INTOSAI Journal. 31 July 2017. Retrieved 5 March 2021.
- 1 2 "Independent Audit Advisory Committee Holds Fifty-Second Session, 8–11 December | Meetings Coverage and Press Releases". www.un.org. Retrieved 5 March 2021.
- 1 2 3 4 5 6 7 8 9 "Biographical Notes | IAAC | Mr. Richard Quartei Quartey (Ghana) - Vice Chair". www.un.org. Retrieved 5 March 2021.
- ↑ "Auditor-General angry about audit leakages - MyJoyOnline.com". www.myjoyonline.com. Retrieved 5 March 2021.
- ↑ "Assets declaration forms to be enclosed in appointment letters - Audit Service". BusinessGhana. Retrieved 5 March 2021.
- ↑ "Audit Service is broke - Auditor General". www.ghanaweb.com. 3 October 2013. Retrieved 5 March 2021.
- 1 2 3 4 "United Nations Appointment of members of the Independent Audit Advisory Committee; Note by the Secretary-General". United Nations; General Assembly. Retrieved 4 March 2021.
- ↑ myadmin (30 December 2016). "President Mahama swears-in Auditor General". Ghana Business News. Retrieved 5 March 2021.
- ↑ "Prez Mahama swears in new Auditor-General". Graphic Online. Retrieved 5 March 2021.
- 1 2 "United Nations Industrial Development Organization: Candidates for the appointment of External Auditor, Report by the Director General" (PDF). United Nations Industrial Development Organization (UNIDO). Retrieved 4 March 2021.
- ↑ Information, United Nations Department of Public (18 March 2016). Index to Proceedings of the General Assembly 2014/2015. Part I: Subject Index. United Nations. ISBN 978-92-1-361938-4.