Benefits and Methodologies of Real Time Audit
Background and objectives
The usefulness of Real Time Audit has already been highlighted in the past in the EUROSAI framework. For example, during the III EUROSAI - ASOSAI Conference in March 2019, with considerable foresight, the SAI of Israel presented the potential of Real Time Audit to address emergency situations.
Real Time Audit has been developed in different times and is carried out different ways in various Supreme Audit Institutions. Other SAIs do not carry our Real Time Audit at all.
The outbreak of the pandemic before and after the war, have highlighted the urgency to equip SAIs with new tools to deal with emergency situations, speeding up the process that has led various Institutions to consider the use, among other tools, of Real Time Audit. In fact, even during the recent XXIV INCOSAI, the issue of Real Time Audits has been brought to the attention of our Community.
In the SAIs framework, this type of audit has long been carried out, at least on paper, by some Institutions. In some cases, some regulatory instruments were lacking to give substance and practical implementation to this task. What is important to be underlined is its usefulness and the consequent need to share and disseminate good practices in this regard.
The Italian Corte dei conti experience and expertise on Real Time Audits could be taken into account as this methodology is applied to its audit systems already for some years now.
From the observation of an increasing interest in the matter, coming from SAIs that do not have this tool in their audit or in the request for comparison from those who use it albeit in a differentiated way, we came to the idea of creating a place where we can pool knowledge on the subject of Real Time Audit and create a shared lexicon, circumscribe the boundaries of this tool, highlight strengths and weaknesses in its use or non use.
Contact
mauro.orefice@corteconti.it
003906 38762845Documentation
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ToR Project Group on the Benefits and Methodologies of Real Time Audit
Go to detailToR Project Group on the Benefits and Methodologies of Real Time Audit
