RAA conducts 1st Quarterly Review Meeting 2021 at PDC, Tsirang

Chaired by Hon’ble Auditor General, the Royal Audit Authority conducted its first quarterly review meeting from 17th to 18th October 2021 at Professional Development Centre (PDC), Tsirang. In his opening remarks, Dasho highlighted the importance of such meeting to review the status of planned activities and take timely intervention in case of emerging issues and changes. He also mentioned that such meeting is a platform to promote congregation within the fraternity so that no regional offices are left behind. Continue reading “RAA conducts 1st Quarterly Review Meeting 2021 at PDC, Tsirang”

Construction Audit Training for Internal Auditors – Batch I concluded

Capacity development program on Construction Audit for Internal Auditors concluded on 15th October 2021.

The closing ceremony was graced by Hon’ble Auditor General where the participants were awarded the Certificates of Participation. Prior to that, Dasho conducted an awareness program on Royal Audit Authority presenting the institute’s history, mandates, and roles and responsibilities as an oversight body. Dasho highlighted the “fraud triangle” through an anecdote and explained reasons for an individual’s decision to commit fraud. He pointed out a focus area for intervention as internal auditors so that people getting entrapped in the “fraud triangle” can be prevented. Continue reading “Construction Audit Training for Internal Auditors – Batch I concluded”

Capacity development program on Construction Audit for Internal Auditors

Capacity development program on Construction Audit for Internal Auditors started today at the Professional Development Centre.

The training program is aimed to enhance capabilities of Internal Auditors in respect of constructions audit. Participants who are mostly from different ministries and dzongkhags will learn key components of constructions audit such as interpretation of drawings, understanding cost and estimations, review rate analysis and departmental works, and audit of road works. Continue reading “Capacity development program on Construction Audit for Internal Auditors”

Capacity development program on Understanding and Analysis of FSs begins today

A weeklong capacity development program on Understanding and Analysis of FSs started earlier today at PDC.

The program is aimed to enable auditors to perform deeper analysis of financial statements of public sector audit entities in order to enable them in providing highly reasonable assurance on the audited FSs. To achieve that, the participants will learn and understand:

1. the elements of inter-linkages amongst different account balances and their effect on the overall financial statements;
2. various aspects of reconciliation and analysis of FSs; and
3. how to form audit opinions based on the analysis. Continue reading “Capacity development program on Understanding and Analysis of FSs begins today”