External AuditA collegium of independent senior auditors spent three days on campus last week for the Independent External Audit of IACA’s financial statements for the budget year 2017.

This member state-owned function, which currently consists of auditors from Pakistan, the Russian Federation, and Thailand, is carrying out the audit in line with the Resolution on the Independent External Audit of IACA.

The external auditors were appointed by IACA’s Board of Governors (BoG) from senior members of national Supreme Audit Institutions or other suitable institutions of volunteering Parties. All external auditors, operating as a collegial body, act in their personal capacity and enjoy functional and organizational independence in conducting the audit.

The collegium is now compiling a report that will be presented to the BoG. The upcoming seventh session of IACA’s Assembly of Parties will subsequently be notified of the report’s findings.