Financial Audit School

Within the framework of the joint Ukrainian-Swedish project «Cooperation in the Field of Institutional Development between the Accounting Chamber of Ukraine and the Swedish National Audit Office» a seminar on financial auditing was held in the Accounting Chamber of Ukraine.

From May 31 to June 3 a group of experts of the Accounting Chamber of Ukraine (ACU) and the representatives of the Swedish National Audit Office (SNAO) carried out a comparative analysis of the ACU financial auditing approaches with the international standards and practices.

The Ukrainian auditors presented two examples from the ACU financial audit practice. In particular, Chief Comptroller - Director of the Department of Defense and Law Enforcement Mr. Vasyl Nevidomyi and Deputy Director of the Department of Public Dept, International Activity and Financial Institutions Mr. Andriy Mamyshev presented the audit strategy planning, plan implementation at the audit process stages, use of the audit quality assurance mechanisms.

The Swedish Audit Directors Ms. Aleksandra Popovic and Mr. Jan-Ake Nilsson made a presentation on financial audit methodology in accordance with the INTOSAI international standards.

Summing up the seminar, the parties noted that the discussions that followed the presentations would be of practical importance for the staff of the Accounting Chamber of Ukraine which closely cooperates with Supreme Audit Institutions of the European Union. The best practices developed in the course of the seminar will be analyzed, comprehended and taken as a basis for further analytical work of the ACU and long-range plans for the Ukrainian-Swedish cooperation.

Concluding the seminar, the parties confirmed their wish to participate in the cooperation project implementation activities over 2010.

INFORMATION:

The ACU and the SNAO are partners at the bilateral level and in the framework of the INTOSAI and EUROSAI activities as Member States of these Organizations.

The SNAO Cooperation Projects are mostly related to institutional development in the sphere of public audit. The concept of cooperation covers the entire system of state financial control.

The Project document on institutional development cooperation between the ACU and the SNAO for 2010 includes five sub-projects aimed at its implementation:

1. Financial Audit.

2. Performance Audit.

3. HR Policy.

4. Governing the Supreme Audit Institution.

5. Strengthening Internal and External Communicative Ability.

International Cooperation Department