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New Law on State Audit

HEADNOTE

Mongolia

On January 3, 2003, the State Great Hural (the Parliament) of Mongolia approved the Law on State Audit, which was based upon the Lima Declaration and the Generic Model Laws UNDP/PACT developed for

SAIs. The enactment of this law brought about major changes in Mongolian government auditing system.

The former State Audit and Inspection Committee (SAIC) has been replaced by the newly established National Audit Office (MNAO), which will be the supreme audit institution of Mongolia. In addition, provincial Audit and Inspection Committees will be replaced by provincial Audit Offices headed by provincial Auditors General. While the former SAIC used the board model, the current MNAO will be structured on the auditor general model (also known as the Westminster or hierarchical model).

According to the new law, the MNAO's mandate is to conduct performance and financial statement audits for public agencies and government programs.

In addition, make sure to read these articles:

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    • The State Audit Office (SAO) is.Finland's oldest and main institution of state auditing. It was first established in 1824 as the General Revision Court and ......
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    • Readers may be interested in obtaining copies of the Public Budgeting & Finance Journal. This journal serves as a forum for communicating the results of ......
  • IMO Member State Audit Scheme.
    • The Assembly resolution Voluntary IMO Member State Audit Scheme approved the establishment and further development of the scheme, to be implemented on a voluntary basis....
  • Flag state audit scheme to be adopted.
    • The IMO's Member State Audit Scheme is due to be formally adopted at this month's IMO Assembly, together with a code for the implementation of ......
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    • HEADNOTE PUBLIC SECTOR IMAGE PHOTOGRAPH 2 Good health: the Queen Elizabeth hospital In Woolwich was a PFI scheme More than 8o per cent of central ......
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