Application of the Guidelines for the Identification and Assessment of Corruption Risks in the Course of Audit Engagements

The Accounts Chamber of the Russian Federation has developed a training course titled “Application of the Guidelines for the Identification and Assessment of Corruption Risks in the Course of Audit Engagements.”
It is the first course addressing the identification and assessment of corruption risks, as well as the assessment of the corruption risk management system of the audited entity.

It will be useful both for Supreme Audit Institutions and regional audit and control bodies.

The course consists of five lectures.

The first lecture outlines the relevance of developing the Guidelines, the practice of their application, and the international experience that was taken into account in the process of their development. It also highlights the mechanism of interagency cooperation between the Accounts Chamber of the Russian Federation and law enforcement and other oversight bodies in the course of identifying corruption risks.

The second lecture covers the key aspects of the Guidelines, the potential for their application in audit activities depending on the authority of Supreme Audit Institutions in the field of combating corruption, as well as the potential for integrating modern information technologies to enhance the effectiveness of identifying corruption risks.

The third lecture is devoted to the structure of the Guidelines and its first section, which contains general provisions, as well as key terms and definitions. It presents the core concepts, mechanisms and tools that are essential for further understanding and application of the Guidelines.

The fourth lecture focuses on the second section of the Guidelines and reveals the process for identifying and analysing corruption risks in the course of audit engagements. It also explains the procedure for assessing the connection between the identified violations or drawbacks and the presence of corruption risks.

The fifth lecture covers the third section of the Guidelines and describes the process for assessing the corruption risk management system of the audited entity during the audit. It includes an overview of the two-level assessment process, the block diagram of the corruption risk management system, and the checklist (questionnaire) used for conducting structured interviews with representatives of the audited entity for the purpose of assessing the corruption risk management system.

Speakers:

• Mrs. Svetlana Orlova, Member of the Board of the Accounts Chamber of the Russian Federation
• Mr. Aleksei Granovskiy, Director of the Department of Public Administration Audit of the Accounts Chamber of the Russian Federation
• Ms. Irina Kartavykh, Head of the Consolidated Analytics Audit Unit of the Department of Public Administration Audit of the Accounts Chamber of the Russian Federation
• Mr. Andrey Grigorenko, Deputy Head of the Consolidated Analytics Audit Unit of the Department of Public Administration Audit of the Accounts Chamber of the Russian Federation
• Mr. Sergey Shakhray, Deputy Head of the Consolidated Analytics Audit Unit of the Department of Public Administration Audit of the Accounts Chamber of the Russian Federation