State Audit Office of Vietnam
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International experience shows that the Supreme Audit Institution (SAI) plays an important role in assessing the Government's prepareness to achieve the SDGs. Therefore, it is neccesary for the SAV to focus on studying, developing the outline and audit plan for the audit of this area.
Performance audits, which aim to provide citizens with new information and trace final destinations of money spent, theoretically share a common purpose with public institutions—to better serve the citizens.
Corruption and financial fraud are very challenging issues within the banking system that can infect irreparable harm to a nation’s development and growth.
Research suggests a principal cause of fraud to be a weak, limited internal control system. In Ecuador, the nation's Organic Criminal Code (COIP) addresses fraud and crimes against public administration, and the COIP considers embezzlement, illicit enrichment, bribery, and influence peddling among the primary forms of corrupt activities. These crimes, generally discovered through audit interventions and/or complaints, demonstrate the need for a robust internal control system. An internal control system aims to (1) comply with legal, technical and administrative order; (2) promote an entity’s efficiency and effectiveness; (3) guarantee information reliability and timeliness; and (4) take appropriate measures to correct control deficiencies.
Deriving from practical requirements and international experience, many experts recommend that it is necessary for delegating authority and strengthen the independent overseeing capacity of SAIs, expanding the audit plan for investment projects carried out by public-private partnership (PPP) method, applying a combination of three types of financial, compliance and performance audit to assess the overall economy, efficiency and effectiveness of the project.
