Institutions refuse to perform excess auditing at audited subjects
PRESS RELEASE – May 14, 2015
A panel discussion about internal and external auditing was held on May 14, 2015, at the headquarters of the Supreme Audit Office (SAO). It was the very first meeting of representatives from all main auditing institutions of the Czech Republic.
President of the SAO Mr. Miloslav Kala began the event with his speech about an intrinsic vision of future auditing operations, which will be based on analyses of immense data files, which will have been collected by public administration institutions within their informational systems. Auditing operations should not burden audited subjects with excess auditing but should aim at providing useful feedback information. “For good outcomes from auditing, it is essential to have good auditors”, said Mr. Kala.
During the following presentation, the first deputy of the Ministry of Finance, Mr. Lukáš Wagenknecht, emphasized the importance of auditing standards and standardized auditing methods and pointed out that when using them properly, individual auditing institutions are able to count on findings, which are revealed by colleagues from other institutions. President of the Czech Institute of Internal Auditors Mr. Tomáš Pivoňka underlined the importance of cooperation among internal and external auditing organisations. President of the Chamber of Auditors of the Czech Republic Ms. Irena Liškařová agreed with this statement and also stated that external auditing works begins with analyses of the internal auditing outcomes. Member of the Presidium of the Public Audit Oversight Board Mr. Jiří Nekovář appreciated the fact that it was possible to organize such a meeting of representatives from all main auditing institutions of the Czech Republic, which focus on internal as well as external auditing. On the agenda of the following discussion, which was attended by more than a hundred participants, were issues related to further cooperation between internal and external auditing and prepared legislation regarding various types of audits in the Czech Republic.
The panel discussion was organized within the frame of celebrations of the 20th anniversary since the establishment of the Czech Institute of Internal Auditors.
Communication Department
Supreme Audit Office