Title: Solomon Islands Office of the Auditor General: Adhering to International Compliance Regulations and Accounting Standards
Solomon Islands Office of the Auditor General (OAG) and INTOSAI Membership
The Solomon Islands Office of the Auditor General (OAG) is committed to maintaining a high level of auditing standards by adhering to the regulations set by the International Association of Supreme Audit Institutions (INTOSAI). As a member of INTOSAI, the Solomon Islands OAG is part of the Pacific Association of Supreme Audit Institutions (PASAI) working group.
Professional Standards: ISSAI and INTOSAI GOV
INTOSAI promotes international best practices in government auditing through its issuance of two significant sets of Professional Standards for member institutions:
- The International Standards of Supreme Audit Institutions (ISSAI)
- The INTOSAI Guidance for Good Governance (INTOSAI GOV)
These standards:
- Establish recognized principles for supreme audit institutions (SAIs)
- Share the collective experience of the international community of SAIs
- Encourage efficient and independent government auditing practices
Adherence to Professional Standards
The Auditor General and the Solomon Islands OAG team follow these standards by carefully planning, testing, and reporting their audits.
International Accounting Standards: IPSAS and IFRS
Entities undergoing audits by the Solomon Islands OAG are mandated to prepare their financial statements according to the following international accounting standards:
- International Public Sector Accounting Standards (IPSAS)
- Based on International Financial Reporting Standards (IFRS)
- Improve the quality of reporting in the public sector
- Enhance transparency and accountability
Assurance Checks
The Solomon Islands OAG performs thorough assurance checks during audits, ensuring adherence to laws, approved regulations, and contractual agreements.
For further details on the OAG’s audit process and relevant legislation, please refer to our forum discussions.
Contact Us
If you require more information or wish to schedule an interview, please do not hesitate to contact us.