The Role of Supreme Audit Institutions in Enhancing Financial Governance in the Public Sector

An Analytical Study of INTOSAI Standards and Their Applications

Abstract

This study aims to shed light on the role of the Supreme Audit Institutions in
strengthening financial governance in the public sector, especially as it is one of the most important
mechanisms. The study was based on the descriptive approach through the study and analysis of
the standards of the International Organization of supreme audit institutions (INTOSAI) and its
various issues and directives aimed at enhancing transparency, accountability and efficiency in
addition to other références.
The results have concluded that these bodies not only play their traditional role in auditing
financial accounts, but also monitor government performance as a whole, ensure compliance with
standards and references, and also contribute to improving financial governance through their role
in the transition from item budgeting to program and performance budgeting, as well as the
transition from cash-based accounting to accrual-based accounting, their role in rationalizing
spending and control over the management of public property and public transactions, as well as
monitoring public debt management and privatization performance, and fighting corruption .in
some countries, these roles may go beyond advisory and predictive roles. Accordingly, the study
recommended updating the legal frameworks of the Accounting Council and its departments,
strengthening its institutional and financial independence, providing the necessary audit resources,
improving financial record-keeping systems, as well as ensuring periodic review of its work by
international bodies to enhance its credibility and supervisory performance.