According to bank documents, the Government of Mongolia requested the ADB to provide technical assistance to strengthen the state audit capacity in Mongolia. The TA is a continuation of the support ADB has provided since the mid-1990s for strengthening audit capacity in Mongolia. Previous ADB support helped draft accounting and auditing laws, improved accounting systems of private and public entities to comply with the International Accounting Standards, and strengthened the capacity of accountants. The proposed TA will extend this assistance by helping further improve public audit quality and align public sector auditing with international standards and best practice.
The impact will be improved quality of the Mongolian National Audit Office (MNAO) financial auditing, which will be measured by assessing whether the MNAO’s financial auditing complies with the ISSAI and ISA. The outcome will be improved financial auditing and audit quality control capacity of targeted auditors from the MNAO and private audit firms, which will be measured through a pre- intervention and post-training skills assessment.
Project Officer: Shiroishi, Hiroko Uchimura
East Asia Department
No contact information provided at the time of disclosure.
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