Audit Commission’s evaluation of the Government’s tender workout for obtaining bottled drinking water
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The Audit Commission (Audit)’s reply in reaction to the invite from the Financial Services and the Treasury Bureau to examine the Government’s tender workout for acquiring bottled drinking water is as follows:
Audit performs consistency audits under the Audit Ordinance (Cap. 122) to guarantee that the monetary and accounting deals of the Government and public cash appertain and comply with accepted accounting requirements. The Government’s tender workout for obtaining bottled drinking water falls within the scope of Audit’s work. As the auditor of the Government’s accounts, Audit carries out to recognize any shortages through auditing the accounts. Need to any shortages or abnormalities be found, Audit will make honest reporting of such, consisting of proposed locations for enhancement and suggestions in type of management letter for pertinent federal government bureaux/departments’ follow-up actions.
In addition, apart from auditing the Government’s accounts, Audit likewise takes into consideration elements consisting of materiality, timeliness, quantity of public cash and threat included and worth included figuring out whether worth for cash audit will be performed on a particular topic. In line with the Government’s privacy requirement on worth for cash audits, all details on problems under factor to consider for assessment or under assessment are personal. Audit can not reveal if it is thinking about to perform assessment or is carrying out evaluation on a specific problem.