20th Anniversary of the SAI Kazakhstan

20th Anniversary of the SAI Kazakhstan

In April 2016 the Supreme Audit Institution of the Republic of Kazakhstan – the Accounts Committee for Control over Execution of the Republican Budget commemorated   20th anniversary of its foundation.

For the past 20 years the Accounts Committee has made significant strides through institutional improvement, expansion of its powers and strengthening of its independence. Huge organizational, analytical and audit work was done for establishing and developing  the national system of public audit and financial control.

This year is important for SAI Kazakhstan not only because of the 20th anniversary but also due to the culmination of  many years of diligent work on implementation of the International Standards of Supreme Audit Institutions. Kazakhstan has transitioned from the system of public financial control to the public audit in compliance with the ISSAI.

Due to adoption of the Law “On Public Audit and Financial Control” in November 2015 the Accounts Committee has been empowered to conduct audit of consolidated financial statements of the national budget, to coordinate activities of all public audit and financial control bodies, to make preliminary assessment of the draft national budget on basic directions of its expenses etc.

Currently the SAI Kazakhstan is taking measures on implementation of the system of public auditors’ certification. A multilevel system of certification was developed which implies differentiated demands to candidates and certification disciplines for bodies of external and internal public audit.

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