18/08/2026
𝗥𝗼𝘆𝗮𝗹 𝗔𝘂𝗱𝗶𝘁 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝘆 𝗖𝗼𝗻𝗱𝘂𝗰𝘁𝘀 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗮𝗻𝗱 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝗦𝗵𝗮𝗿𝗶𝗻𝗴 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗲 𝘄𝗶𝘁𝗵 𝗟𝗼𝗰𝗮𝗹 𝗘𝗺𝗽𝗮𝗻𝗲𝗹𝗹𝗲𝗱 𝗔𝘂𝗱𝗶𝘁 𝗙𝗶𝗿𝗺𝘀
The Royal Audit Authority (RAA) successfully conducted a one-day Awareness and Experience Sharing Programme with representatives from the 10 empanelled local audit firms on 14 August 2026 at the RAA Conference Hall.
The programme aimed to strengthen audit quality, promote consistency in audit practices, and enhance collaboration between the RAA and empanelled audit firms entrusted with statutory audits of companies, Civil Society Organizations (CSOs), Religious Organizations (ROs), and other entities.
The key sessions included:
🔹Sharing of Quality Assurance (QA) Review Findings and common areas for improvement;
🔹Awareness on the Minimum Audit Examination and Reporting Requirements for CSOs, NGOs, and ROs;
🔹Updates on regulatory changes and emerging audit requirements, including the outsourcing of compliance audits, GMC statutory audit empanelment, and potential empanelment criteria for subsequent renewal;
🔹A refresher session on the Code of Ethics, Values, and Professional Conduct; and
🔹An interactive experience-sharing session, where audit firms discussed practical challenges, best practices, and recommendations to further strengthen the quality of outsourced audits.
The programme reaffirmed the RAA's commitment to promoting high-quality auditing, fostering professional excellence, and strengthening partnerships with the audit profession in support of transparency, accountability, and good governance in Bhutan.