1. CHALLENGES OF SUPREME AUDIT INSTITUTES ON ENSURING THE TRANSPARENCY AND ACCOUNTABILITY FOR THE MANAGEMENT OF PUBLIC EXPENDITURE Associate Professor, Dr. Đoàn Xuân Tiên Deputy Auditor General, State Audit Office of Vietnam

2. MAIN CONTENTS Public expenditure trend of different countries 1 Risks in public expenditure management 2 3 The role and challenges of SAV in enhancing the transparency and accountability in public expenditure management

3. Part 1. Public expenditure trend of different countries Trend of expenditure increasing Increasing the functions, duties of the State Country economic developm ent

4. Part 2. Risks in public expenditure management Risks Increase borrowing or raising new collections Hinder developm ent, not reaching the target

5. Part 2. Risks in public expenditure management Hinder the development of the economy Unreasonable increasing in costs, the lack of competitiveness No strict control mechanisms Allocate resources inefficiently

6. Part 2. Risks in public expenditure management Increase borrowing or raising new collections Reduce savings of households Reduce accumulation of business Reduced the capability of investment Create sources in compensating increased expenditure

7. Part 3. The role and challenges of SAV in enhancing the transparency and accountability in public expenditure management 7 3.1. The role of SAV in enhancing the transparency and accountability in public expenditure management 3.2. The challenges of SAV in enhancing the transparency and accountability in public expenditure management

8. The role in publicizing audit results Along the audit of public expenditure, audit of public debt to help the government obtain a comprehensive picture of revenue and expenditure, government debt, especially the contingency debts, thereby limiting the risk to the reserve obligations Contribute to preventing risks and errors, improving efficiency in public spending when implementing the audit. Support the management and expenditure control; is an important tool for coordination, coherence between fiscal and monetary policies; limit adverse impacts. The role of SAV in enhancing the transparency and accountability in public expenditure management Important tool to help State manage and handle budgetary funds, cash and state property effectively. State Audit helps Government relieve responsibility to Parliament and the people

9. Enhance the effectiveness, efficiency and audit quality. Audit risk and ethics of auditors Building up and development of human resources. The challenges of SAV in enhancing the transparency and accountability in public expenditure management Choice of size, annual audit units and the medium-term plan

10. Strengthen inspection and control of audit quality Enhancement of capacity, quality and development of auditors with high ethic, knowledge and skills matching to the requirements; improvement of the audit processes and standards Main solutions Implementation of performance audit step by step, greater attention to theme audit and pre audit; towards audit of economic responsibility Strengthen, improve coordination with other agencies of the National Assembly, the Government... And help to improve, enhance audit quality, effectiveness, efficiency Acquire the application of new audit methods, participate in transnational audit and strengthen the application of advanced methods, modernization and computerization of audit activity, consistent with the trend of development and integration