A Flash back at Audit Component’s
Noteworthy Achievements
OAGP is committed to achieve high standards and compliance
with International Standards in audit. The new financial
reporting paradigm of public sector has been developed
under PIFRA I and Audit Mandate of the AGP has considerably
broadened with the devolution program of the government
to district and sub-district level. The changing scenario
requires OAGP to be fully equipped to meet the challenges
like reforms in accounting which has a direct impact on
auditing, audit mandate of AGP in areas like certification
of account, audit of revenue and corporate entities, ensuring
compliance with standards and developing technical competencies
of OAGP staff as well as capacity building of OAGP. PIFRA
Audit Component under the veteran leadership and guidance
of Additional AGP Audit is committed to fulfill and meet
the aforementioned challenges and convert them into opportunities
that will help to establish OAGP as a leading Supreme
Audit Institution.
Moreover, the Audit Component is striving hard to enhance
field auditor’s knowledge and commitment, auditee
understanding and management’s vision about the
“New Audit Methodology”, which will in turn
add value in the long term. Training is the main vehicle
in enhancing the capability and focus for change by providing
on job support to minimize the gap between theory and
practice. Appropriate technological and civil infrastructure
is the cornerstone for any technology based revolution.
A comprehensive audit methodology and implementation schedule
was prepared for expenditure and revenue audit of Federal
Government, which was approved by Additional Auditor General
Audit. Human Resource plans of DG (FA) and DAG (RRA) were
developed using ADM Plus software keeping in view the
audit timelines. This was the first ever move towards
modernization where enhanced software was used for audit
planning. Moreover, integration of audit, modern auditing
practices, standardized documentation and use of Computer
Assisted Audit techniques (CAATs) were introduced to the
officers and staff of OAGP.
PIFRA Audit Component faced challenging tasks of not only
providing training to the OAGP staff but also to change
their mindset about this approach. The strategy adopted
by the Audit component to tackle with the challenges is
not only to explain theoretical concepts but also to provide
on job support. It is the first time in the history of
OAGP that complete process of audit has been documented
in the form of working papers from planning to execution
till reporting, which under the legacy system was only
limited to the photocopies of documents relating to observations
raised during audit. PIFRA Audit Component realizes the
importance of auditee organization in the whole change
process. Keeping auditee organizations informed will not
only facilitate the implementation process but will also
help in directing scarce audit resources to the areas
of high risk and concern. Acceptance of audit as a value
addition activity and not as an inspection or formality
is very important in the changing scenario. In this regard,
a two day workshop for Federal Ministries and Divisions
was organized in July 2006 before the start of annual
audit to give them an overview of the New Audit Methodology
and its impact. The workshop was well attended and officials
from more then forty Ministries and Divisions were present.
Similarly, a presentation was organized for Chairman and
Members of CBR in September as a confidence building measure
for smooth implementation of FAM.
There is a need to highlight the significance of new Audit
paradigm and the outputs it would generate for the users
of government accounts, executive decision makers and
the legislature thereby benefiting them in the long run.
