26 ALRAQABA . ISSUE 20 The provision of benefits to society by the Supreme Audit Institutions is ensured by the fulfilment of the three outcomes that are directly related to accountability and transparency. This article deals with the work carried out by the Chamber of Accounts of the Republic of Azerbaijan to achieve these outcomes. First, regarding «Strengthening the transparency, accountability, and integrity of government and public sector entities». Achieving the outcome is measured on the basis of the level of SAI independence, as well as reporting on audits, and monitoring the audit proposals and recommendations implementation. The following can be mentioned as the sample of works carried out in this direction recently and their results: • According to Supreme Audit Institutions Independence Index: 2021 Global Synthesis Report 17 SAIs, including the Chamber of Accounts among 118 countries, had a high level of independence. The report was developed based on the Independence of Supreme Audit Institutions (InSAI) assessment and it includes 10 indicators (legal framework, transparency in the process for appointing the SAI head, financial autonomy, types of audits, operational autonomy, staffing autonomy, audit mandate, audit scope autonomy, access to records and information, right and obligation on audit reporting) • Recently, a significant increase has been observed in the number of information on audit results made to the public. In 2021, 54% of portfolio audits were disclosed, in 2022 this indicator increased to 60%, and in 2023 this number increased to 64%. Our goal is to increase this rate to 70% by 2025 • The annual reports on our activities reflect the overall implementation status of the proposals based on the audit results. In 2022, 163 out of 205 recommendations, and in 2023, 152 out of 214 proposals were fully or partially implemented by audited entities. • 72.2% of entities audited twice and more in 2022 and 69.6 of entities audited twice and more in 2023 have relatively strengthened their financial discipline taking into account the previous proposals and recommendations of the Chamber of Accounts. • To increase the audit impact, the section «Follow-up of Proposals” was created on the institution’s official website in 2024, and it reflects the implementation status of submitted proposals (implemented, partially implemented, etc.). • In terms of measuring the impact of our activities, the misstatements detected during audits have been grouped with a new approach, which reflects the damage to the budget and other financial violations. • Our opinions on participation in the budget process are among the main analytical documents that allow the formation of an image of public finances, having a wide readership. The full text of nine opinions and two reports on the draft budgets and budget implementation of the state budget and extra-budgetary state funds for 2022 and 2023 are available on the official website. for the remainder of 2024, five opinions and two reports were presented to the public. • One of the innovations is posting summaries on our official website, which serves to improve the readability of reports and opinions. Four summaries of opinions and reports were posted on the official website in 2022 and eight in 2023. Financial Standards Audit &
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