Audit Institutions Coordinating Body

Coordination Board of the Audit Institutions has been established according to the Law on Audit of Financial Operations of the Institutions of Bosnia and Herzegovina, Law on Auditing of Budget in Federation of Bosnia and Herzegovina, and Law on Auditing of Public Sector of Republic of Srpska.

Coordination Board consists of Auditor General and Auditor General Deputies of the Office for Auditing of Financial Operations of the Institutions of Bosnia and Herzegovina, Auditor General and Deputy Auditor General from the Federation of Bosnia and Herzegovina, and the Auditor General of the auditing institution from Republic of Srpska.

Main Coordination Board functions are:

  • establishment of harmonized audit standards
  • ensurin consistent quality of audits
  • defining the areas of responsibility with regard to joint audit activities
  • stating the representatives in the international bodies

Imediately after the Coordinating Board was established, and at its first session, it has accepted INTOSAI Audit Standards, ensuring that the auditing offices at the state level and the entity level will apply harmonized auditing standards while performing their functions as stated by the laws. The INTOSAI Standards have been published in the Official Gazette of Bosnia and Herzegovina as well as in the Official Gazettes of the Entities.

Performing of audit procedures according to the standards adopted shall allow faster inclusion of the Audit Office into international organizations INTOSAI and EUROSAI. It will enable more intensive international cooperation with other supreme audit institutions all over the world.

According to its program, Coordination Board will focus its activities towards: consistent implementation of INTOSAI audit standards; completion of the legislature and legal system relevant to audit operations at the state level; further strengthening of independence; designing of joint plans for professional education of audit personnel and their implementation; joint presentation and participation within the international institutions and associations of supreme audit institutions in Europe and worldwide, for the purpose of useful exchange of experiences and adjusting and coordination of work methodology.