Buletin 3_4-2010 web.pdf - Curtea de Conturi a Republicii Moldova
Buletin 3_4-2010 web.pdf - Curtea de Conturi a Republicii Moldova
Buletin 3_4-2010 web.pdf - Curtea de Conturi a Republicii Moldova
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from the first source, about the course of reforms<br />
in areas managed by respective authorities . In particular,<br />
the Court of Accounts is interested in lastminute<br />
actions taken by the Ministry of Finance in<br />
monitoring implementation of policies on public<br />
internal financial control, and the Ministry of Finance<br />
is interested in results of audit activities carried<br />
out by the Court of Accounts when external audit<br />
assesses public entities in terms of real implementation<br />
of financial and control management systems,<br />
as well as internal audit .<br />
During <strong>2010</strong>, the first year of cooperation between<br />
SNAO and the CoA un<strong>de</strong>r the second Agreement<br />
signed on 17 December 2009 in Stockholm,<br />
Swe<strong>de</strong>n, parties have taken several measures aimed<br />
at carrying out <strong>de</strong>velopment activities, consolidation<br />
of institutional and operational capacities<br />
of the Court of Accounts, which were reported during<br />
abovementioned meetings of committees .<br />
<strong>de</strong>veloping professionalism in financial audit<br />
and quality assurance at all stages of audit in<br />
<strong>2010</strong> became the biggest concern of the Court<br />
of accounts staff<br />
In this context, it is noted that auditors of the<br />
Court of Accounts beneficiated from training and<br />
support during workshops held along six missions<br />
of SNAO experts . SNAO experts provi<strong>de</strong>d assistance<br />
and support directly to execution of new mandate<br />
of the Court of Accounts: audit of state budget execution,<br />
audit of SSIB and CHIF, offered comments<br />
and suggestions on General Audit Plan and audit<br />
programs, as well as gave proposals on improving<br />
audit findings . All these reflect efficiency of cooperation<br />
between parties: permanent access of<br />
employees of the Court of Accounts to advices of<br />
medium-term expert who was in the CoA during<br />
January-March <strong>2010</strong> and exchange of information,<br />
opinions, and suggestions by e-mail and telephone<br />
conferences that took place along the year<br />
amongst official missions of SNAO experts .<br />
In <strong>2010</strong>, the Court of Accounts paid a special attention<br />
to the Sub-project on Implementation of<br />
Quality framework of financial audit, taking it<br />
as a primordial one . For the first time quality monitoring<br />
team (CMT) carried out cold quality review<br />
of entities audited within mandatory annual audits<br />
of those 3 budgets . Cold quality reviews focused<br />
on planning, execution and reporting elements of<br />
the audit, as well as on auditors’ ethics and in<strong>de</strong>-<br />
pen<strong>de</strong>nce during those audits . Support and comments<br />
of SNAO experts were useful, relevant and<br />
appropriate . CMT in<strong>de</strong>ntified strong points and<br />
areas where good practices are applied so that<br />
they could be wi<strong>de</strong>ly shared among auditors of the<br />
Court of Accounts, and weak points based on which<br />
formulated some proposals and solutions for<br />
improvement .<br />
Based on measurable indicators it can be said<br />
that achieved results reveal a clear ten<strong>de</strong>ncy of<br />
the Court of Accounts to comply with best practices<br />
of external audit. Below we present the following<br />
indicators of results achieved by the Court<br />
of Accounts during <strong>2010</strong>:<br />
Court of accounts of the republic of moldova:<br />
1) with the support of Snao experts consolidated<br />
professional capacities of the Coa staff<br />
in conducting financial audits according to own<br />
audit standards, elaborated in compliance with<br />
INTOSAI standards and best European practices in<br />
external public audit;<br />
2) For the first time <strong>de</strong>livered the audit of government<br />
report on State budget execution,<br />
SSIb and ChIf, and expressed opinion when appropriate<br />
.<br />
3) tested regularity audit manual while auditing<br />
392 entities, of which: 31 central public authorities<br />
(CPA), 163 local public authorities (LPA), 65<br />
entities subordinated to CPA and LPA, 134 economic<br />
operators;<br />
4) Adjusted Regularity Audit Manual after testing,<br />
and now it is ready for printing;<br />
5) Carried out first cold quality review of a<br />
sample of selected financial audits;<br />
6) Developed Time-recording system;<br />
7) Implemented Internal Audit, which is supposed<br />
to add value to our institution and provi<strong>de</strong><br />
assistance in terms of control system;<br />
8) Based on experiences gained during multiple<br />
workshops and on advices given by SNAO experts,<br />
Annual Report of the Court of Accounts for the<br />
year 2009 was elaborated by the Court itself in<br />
compliance with best reporting practices of a SAI,<br />
which provi<strong>de</strong> for annual reporting on SAI activity<br />
to the Parliament and other interested parties,<br />
separate from annual reporting on audit.<br />
9) Due to financial support provi<strong>de</strong>d by SNAO<br />
we managed to:<br />
− Quarterly print Informative Bulletin, which<br />
informs interested parties and society<br />
67<br />
projects running at the Court of Accounts