21
magazine
ALRAQABA
Following the same
steps, SAB formed a
risk-based audit team,
which is considered as
one of the development
projects designed to
keep up with the latest
global developments in
this field. SAB`s team de-
velops the appropriate mechanism and designs
the appropriate manuals, with consideration to
the audit standards and methodologies that are
characterized with subjectivity and transparen-
cy. Additionally, enhancing the auditor’s capabili-
ties in said field.
Furthermore, the team communicates with oth-
er SAIs to be acquainted with their experiences
concerning risk-based audit processes. As well
as to the mutual exchange of experience and
knowledge with local institutions working with
the said concept, which is embedded within
their strategic plans and audit processes to gain
experience and increase the efficiency of audit
performance across all SAB sectors.
The State Audit Bureau (SAB) hosted the first
Scientific Forum on Risk -Based Audit during
the period from 9 to 11 of April 2018, which falls
within the cooperation agreement between SAB
and the Albanian State Supreme Audit.
The forum came inactivation of the cooperation
agreement concluded between the two SAIs
that aims at developing both professional and
technical cooperation between the two parties.
It also included the exchange of information and
experiences to improve the audit methods, learn
about other SAIs experiences on risk-based au-
dit, and enhance knowledge sharing to follow
the latest international updates.
The forum discussed several key pivots such
as risk- based audit, institutional work risk, the
theme of Big Data, and introduced the national
project on performance measurement at gov-
ernment entities in cooperation with the United
Nations development program (UNDP). In con-
clusion, some results and recommendations
were introduced concerning the subject matter.
The National Audit Office of Kosovo Republic,
the Supreme Audit Office of Poland, in addition
to a number of local entities related to the sub-
ject matter, e.g. the Central Bank of Kuwait, and
the Public Institution for Social Security. All par-
ties participated with the aim to learn and ex-
change experiences in the field of institutional
work risks. Moreover, Kuwait Petroleum Corpo-
