Buletin 3_4-2010 web.pdf - Curtea de Conturi a Republicii Moldova

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