archive Financial Audits
Financial Statement Audits
Financial statement audits check whether financial reports are accurate and whether they comply with international accounting and reporting standards. In other words, they check whether amounts collected or spent are properly described and supported by evidence as required by international reporting standards and governing financial laws and procedures such as the pdfPublic Finance and Audit Act (Cap 120)(375 KB) and its amendments.
In Solomon Islands, the Auditor General is mandated by the pdfSI Constitution 1978(437 KB) to carry out financial statement audits on all levels of government and report his findings to Parliament on whether the government has properly collected and spent the people’s money.
These audits include those on the financial operations of Government Ministries, Provincial Governments and Government Agencies such as State Owned Enterprises and Statutory Authorities.
Categories
archive Councils
Council audits are conducted on the financial statements of public councils at the national and provincial Government levels. The audits are carried out to provide assurances to the various Government Authorities that provide funds, support and oversight roles to these Councils. Reports of these audits and other explanatory information are compiled into audit reports that are tabled in Parliament.
archive Government Agencies
The Auditor General, with support from the Office of the Auditor General’s specialised Corporate Governance Financial Audit Branch (CGFAB) and appointed external auditors, is responsible for carrying out financial statement audits on all Government Agencies in the Solomon Islands. These agencies include State Owned Enterprises (SOEs) and Statutory Authorities. The findings of these audits are then tabled as reports in Parliament at which point, they become public documents.
archive Grants
Grant Audits are conducted on the financial statements and acquittals (grant acquittal audit) of Government grants to public sector programs and activities to provide assurance to Government Authorities that provide the grants. These reports include a summary of significant accounting policies and other explanatory information and are compiled into audit reports that are tabled in Parliament.
archive National Government
The Auditor General, with support from the Office of the Auditor General’s specialised Government Financial Audit Branch (GFAB) , is responsible for carrying out financial statement audits on all Government Ministries in the Solomon Islands. The findings of these audits are then tabled as reports in Parliament at which point, they become public documents.
archive Provincial Governments
The Auditor General, with support from the Office of the Auditor General’s specialised Provincial Government Financial Audit Branch (PGFAB), is responsible for carrying out financial statement audits on all Provincial Governments in the Solomon Islands. The findings of these audits are then tabled as reports in relevant Provincial Assemblies at which point, they become public documents.
