Benefits and Methodologies of Real Time Audit
Background and objectives
Background
The group's activity started with the idea that Real Time Audit has been developed at different times and is implemented in various ways in different Supreme Audit Institutions. Some SAIs do not carry out Real Time Audit at all – but a common ground can be identified in the different approaches.
A kick-off meeting of the PG took place in May 2023, where a common interest in implementing the concept of Real Time Audit led the participants to take stock of the situation regarding the use of Real Time Audit among European SAIs, by launching a survey.
The survey met with a good level of participation within the EUROSAI Community and what emerged is that in most cases SAIs have developed – or are developing - their own methodology, and that their approach refers to specific/narrow measures that are still ongoing. Indeed, this approach may be used to assess the impact of a measure in a short time to provide facts/opinions to stakeholders when the issue is still current or to monitor an ongoing specific plan/project to stimulate corrective measures by the auditee. This can prevent mismanagement of public resources and avoid wasting public money and time.
The results of the survey were discussed during the Project Group on the BMRTA meeting, held in Budapest on 4th and 5th of June 2024.
Overall objective
Promoting innovative approaches in audits by sharing knowledge and identifying best practices.
Specific objective
- Elaborating a non-paper which identifies principles and characteristics of real-time.
- Continuing sharing experiences among the participants through BIEP Platform and meetings to define best practices.
- Elaborating a shared methodology with common indicators including RTA on Public key infrastructure (PKI).
- Evaluating the implementation of a parallel audit on topics of common interest.
Contact
mauro.orefice@corteconti.it
003906 387862845Documentation
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Terms of Reference for the EUROSAI Project Group on Benefits and Methodologies of Real Time Audit
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