SAI –LAO Presenter by: Mr. Soysangkhom KEOLA Deputy Head of Division Team Leader Mr. Vilayvanh BOUTTADeputy Head of Division Team Member Mr. Bountha PHETDALA Technical Team Member

SAI Mandate In accordance with the State Audit Law of the Lao’s People Democratic Republic; The SAO is responsible for formulating guiding principles, policies and professional rules and regulations according to relevant laws and regulations, which must be observed and implemented by SAI. The president shall report to the Government body. It has provided an annual audit report and its activities to the Government Office, National Assembly Committee and the President of the National Assembly. It recently developed its vision and mission statements. The vision of the office is to ‘Enhance Good Governance through Accountability and Transparency in the Public Sector’ while its mission is to ‘Provide trustworthy, effective and independent audit for the efficient management and utilization of public resources. Auditing is a process of gathering information and actual evidence of audit in order to certify the true and fair view and regularity of the financial statements of audited entity, while assessing its compliance with laws and regulations, as well as the efficiency in the management and the use of public funds and the operations of the business entities and not-for-profit entities. The audit is composed of two sectors: the State Audit and the Independent Audit.

The accordance with State Audit Law of lao Performs : Financial Audit Compliance Audit Performance Audit

Guideline Financial audit procedures manual Bank and enterprises audit manual Grant and loan audit manual

Financial Reporting Framework Budget Law, and Accounting Law. Such as: The financial statements of budgetary units; The balance sheet; The statement of budgetary revenues and expenditures or statement of performances; The explanatory notes of the used principles and accounting methods and others; The income statement; The statement of change in equity; The cash flow statement; The explanation notes of the used principle and accounting methods and other's Expenditures. The Statement of payable and receivable; The report of inventory; Note to the financial statement.

T HANK YOU