Using Risk Assessment in Multi-year Performance Audit Planning

Audits entities have limited resources and should ensure that their multi-year performance audit plan is effective, will address the key risks that could hinder the government's ability to achieve its objectives and will lead to improved public administration. Audit entities can take a number o...

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Bibliographic Details
Corporate Author: Organisation for Economic Co-operation and Development
Format: eBook
Language:English
Published: Paris OECD Publishing 2018
Series:OECD Public Governance Policy Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:Audits entities have limited resources and should ensure that their multi-year performance audit plan is effective, will address the key risks that could hinder the government's ability to achieve its objectives and will lead to improved public administration. Audit entities can take a number of factors into account when they select audit topics for inclusion in their audit plans. This paper discusses and provides a brief overview of some examples and better practices for using risk assessment in multi-year performance audit planning-aligned with the following steps: Establishing a clear purpose and objectives; Defining the audit universe; Identifying and assessing risk in the audit universe; Creating a multi-year performance audit plan
Physical Description:23 p