A two-week workshop on ‘Financial and Compliance Audit Manuals’ was held as from 22 May 2023 at the Caudan Arts Centre, in Port-Louis. The Event was an initiative of the African Organisation of English-speaking Supreme Audit Institutions (AFROSAI-E) regrouping
representatives of African countries and Mauritian Officials, including NAO staff.
AFROSAI-E plays a facilitating role in the region by sharing information with its members and supporting them towards better execution of their mandates.
The aim of the workshop was to catalyse the implementation of the AFROSAI-E Financial and Compliance Audit Manuals, and make recommendations on how to align the methodologies to NAO’s mandate.
At the opening of the workshop, the Director of Audit, Dr D. Paligadu, expressed his gratitude to AFROSAI-E for organising the workshop in Mauritius. He stated that the workshop would provide an important platform for members of SAIs to share their experience and expertise, and come up with innovative solutions to challenges faced by auditors.
The following topics were covered during the workshop:
1. Financial Audit Manual (FAM)
• Changes in Standards
• Developments in INTOSAI Framework of Professional Pronouncement (IFPP)
• Audit process under FAM, namely Prerequisite, PreEngagement, Understanding the Entity, Risk Assessment & Response and Performing the Audit.
2. Group Audits
3. Root Cause Analysis
4. Compliance Audit Manual (CAM)
• Identification of Subject Matter
• Introduction, Evaluation & Concluding
5. Combined Audits