Lesson 1 of 0
In Progress

13.8 Functions of audit advisory board and executive committee in Auditor General office.

July 2, 2023

The functions of the Audit Advisory Board and Executive Committee in the Office of the Auditor General may vary depending on the specific organizational structure and jurisdiction. However, here are some common functions associated with these bodies:

Audit Advisory Board:

  1. Advisory Role: The Audit Advisory Board provides guidance and advice to the Auditor General on matters related to audit policies, strategies, and priorities.
  2. Stakeholder Engagement: The Board facilitates the engagement of stakeholders, such as government officials, oversight bodies, and the public, to understand their expectations and concerns regarding the audit function.
  3. Strategic Planning: The Board participates in the development and review of the strategic plans and objectives of the Office of the Auditor General.
  4. Review of Audit Plans: The Board reviews and provides input on the annual audit plans and ensures they align with the overall audit strategy and priorities.
  5. Quality Assurance: The Board oversees the quality assurance processes of the Office of the Auditor General to ensure compliance with professional auditing standards and best practices.
  6. Performance Evaluation: The Board may participate in the evaluation of the performance of the Auditor General and provide recommendations for improvement.

Executive Committee:

  1. Decision-Making: The Executive Committee makes key decisions regarding the operations, policies, and administration of the Office of the Auditor General.
  2. Budget and Resource Allocation: The Committee is responsible for reviewing and approving the budget of the Auditor General’s Office and making decisions regarding resource allocation.
  3. Operational Management: The Committee provides guidance and oversight on the day-to-day operations of the Office, including human resources, IT systems, and administrative matters.
  4. Reporting and Communication: The Committee ensures effective communication between the Auditor General’s Office and stakeholders, including government entities, oversight bodies, and the public.
  5. Risk Management: The Committee assesses and manages risks related to the operations of the Office, including identifying and addressing potential risks and implementing appropriate risk mitigation strategies.
  6. Coordination with External Stakeholders: The Committee may liaise with external stakeholders, such as government officials, legislative bodies, and other oversight entities, to coordinate audit activities and address their concerns.