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Cold review of the pilot audits in the framework of World Bank Project

  • 21.04.2015
  • 878

The KOSI Corporation experts carried out the totals on the pilot audits of the state budget, state insurance budget and mandatory health insurance funds for 2013, made under the institutional capacity-building project of the Court of Accounts of Moldova, implemented with the support of the World Bank.

The summarizing meeting took place on 17 April at the CoA with the participation of Members of the CoA. The activity took place in the context of the implementation Plan for 2015, in the context of the Project "The capacity building of the Court of Accounts of the Republic of Moldova", financed by the World Bank. The KOSI Company experts and the individual consultant Mr. Jim Bonnel gave the professional support.   

The opinions of the KOSI experts refers to the "cold evaluations" of an BS, BASS and FOAM audit reports, being part of the activity component of the methodology for auditing the three components of the national public budget. In this context, at the meeting there were discussed about the guidelines elaborated on compliance audit associated to their performance audit.

At the meeting participated: Wayne Bartlett, (being in mission in the period of 6 - 17 April), Chris Shapcott and Jonathan McDowell (being in mission in the period of 14 - 27 Aprilie).

A "cold review" is a review of a final audit after the report was signed. Such a review has a particular advantage when it is carried out by an external evaluator, bringing a contribution to counter of the risk and offering different perspectives approach.

 The objective of the project "Capacity building of the Court of Accounts of Moldova", supported by the World Bank is to increase public external audit function in our country, by enhancing the efficiency of the audit. The project is implemented between the period 2014-2015.

 

 

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