Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans

The World Bank has been collaborating with finance, budget, and public accounts committees in the Western Balkans as part of a knowledge partnership focusing on strengthening financial oversight practices. Despite some gains in external auditing pe...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	FINANCIAL ACCOUNTABILITY ACCOUNTING AND AUDITING PUBLIC FINANCIAL MANAGEMENT ROLE OF PARLIAMENT GOVERNANCE PUBLIC SECTOR REFORM BUDGET PROCESS PUBLIC FINANCE PARLIAMENTARY OVERSIGHT AUDIT BUDGET EXECUTION AUDIT INSTITUTION
Online Access:	http://documents.worldbank.org/curated/en/745551586326241890/Discussion-Note-on-Strengthening-the-Parliament-and-Supreme-Audit-Institution-Relationship-to-Enhance-External-Audit-Performance-in-the-Western-Balkans http://hdl.handle.net/10986/33628

id	okr-10986-33628
recordtype	oai_dc
spelling	okr-10986-336282021-05-25T09:36:12Z Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans World Bank FINANCIAL ACCOUNTABILITY ACCOUNTING AND AUDITING PUBLIC FINANCIAL MANAGEMENT ROLE OF PARLIAMENT GOVERNANCE PUBLIC SECTOR REFORM BUDGET PROCESS PUBLIC FINANCE PARLIAMENTARY OVERSIGHT AUDIT BUDGET EXECUTION AUDIT INSTITUTION The World Bank has been collaborating with finance, budget, and public accounts committees in the Western Balkans as part of a knowledge partnership focusing on strengthening financial oversight practices. Despite some gains in external auditing performance, the region continues to underperform when it comes to legislative scrutiny of audit reports. Therefore, the knowledge partnership includes a focus on how finance, budget, and public accounts committees discharge their responsibilities to scrutinize government performance using the audit reports produced by Supreme Audit Institutions (SAIs) in the region. The network of the SAIs of European Union (EU) candidate countries and potential candidates and the European court of auditors has identified the working relationship between SAIs and parliaments as a critical component for effective external audit. This discussion note is intended as a primer for dialogue between parliaments, SAIs, and practitioners on how to better define and strengthen the relationship between the external audit and legislative scrutiny stakeholders. It outlines the context and challenges, and also frames some questions that can help stakeholders reflect on the existing and aspirational nature of the relationship. The discussion note proceeds in five parts. First, the context for the discussion is outlined. Second, the accountability relationship between SAIs and parliaments is explored. Third, the main challenges for effective external audit and financial oversight is reviewed. Fourth, global and regional external audit benchmarks will be detailed. Finally, the challenges for the Parliament-SAI relationship in the Western Balkans will be examined and discussion questions framed around three areas of mutual interest for SAIs and parliaments - SAI independence; examination of the audit reports by the parliament; and follow-up on recommendations based on the audit reports. 2020-04-22T15:53:09Z 2020-04-22T15:53:09Z 2020-01 Report http://documents.worldbank.org/curated/en/745551586326241890/Discussion-Note-on-Strengthening-the-Parliament-and-Supreme-Audit-Institution-Relationship-to-Enhance-External-Audit-Performance-in-the-Western-Balkans http://hdl.handle.net/10986/33628 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Financial Accountability Assessment Europe and Central Asia Eastern Europe
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FINANCIAL ACCOUNTABILITY ACCOUNTING AND AUDITING PUBLIC FINANCIAL MANAGEMENT ROLE OF PARLIAMENT GOVERNANCE PUBLIC SECTOR REFORM BUDGET PROCESS PUBLIC FINANCE PARLIAMENTARY OVERSIGHT AUDIT BUDGET EXECUTION AUDIT INSTITUTION
spellingShingle	FINANCIAL ACCOUNTABILITY ACCOUNTING AND AUDITING PUBLIC FINANCIAL MANAGEMENT ROLE OF PARLIAMENT GOVERNANCE PUBLIC SECTOR REFORM BUDGET PROCESS PUBLIC FINANCE PARLIAMENTARY OVERSIGHT AUDIT BUDGET EXECUTION AUDIT INSTITUTION World Bank Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans
geographic_facet	Europe and Central Asia Eastern Europe
description	The World Bank has been collaborating with finance, budget, and public accounts committees in the Western Balkans as part of a knowledge partnership focusing on strengthening financial oversight practices. Despite some gains in external auditing performance, the region continues to underperform when it comes to legislative scrutiny of audit reports. Therefore, the knowledge partnership includes a focus on how finance, budget, and public accounts committees discharge their responsibilities to scrutinize government performance using the audit reports produced by Supreme Audit Institutions (SAIs) in the region. The network of the SAIs of European Union (EU) candidate countries and potential candidates and the European court of auditors has identified the working relationship between SAIs and parliaments as a critical component for effective external audit. This discussion note is intended as a primer for dialogue between parliaments, SAIs, and practitioners on how to better define and strengthen the relationship between the external audit and legislative scrutiny stakeholders. It outlines the context and challenges, and also frames some questions that can help stakeholders reflect on the existing and aspirational nature of the relationship. The discussion note proceeds in five parts. First, the context for the discussion is outlined. Second, the accountability relationship between SAIs and parliaments is explored. Third, the main challenges for effective external audit and financial oversight is reviewed. Fourth, global and regional external audit benchmarks will be detailed. Finally, the challenges for the Parliament-SAI relationship in the Western Balkans will be examined and discussion questions framed around three areas of mutual interest for SAIs and parliaments - SAI independence; examination of the audit reports by the parliament; and follow-up on recommendations based on the audit reports.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans
title_short	Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans
title_full	Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans
title_fullStr	Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans
title_full_unstemmed	Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans
title_sort	discussion note on strengthening the parliament and supreme audit institution relationship to enhance external audit performance in the western balkans
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/745551586326241890/Discussion-Note-on-Strengthening-the-Parliament-and-Supreme-Audit-Institution-Relationship-to-Enhance-External-Audit-Performance-in-the-Western-Balkans http://hdl.handle.net/10986/33628
_version_	1764479174649577472

Discussion Note on Strengthening the Parliament and Supreme Audit Institution Relationship to Enhance External Audit Performance in the Western Balkans

Similar Items