Under the PMFL the Auditor General is provided with a clear mandate to undertake performance audits and release public interest reports. The PMFL states that the Auditor General on his own initiative or at the request of the Parliament or of any of its committees or subcommittees, can conduct investigations and value for money audits, into:
the management of executive financial transactions;
the financial management of any ministry, portfolio, statutory authority or government company or the Office of the Complaints Commissioner; or the Office of the Information Commissioner; and
the economy, efficiency and effectiveness with which any ministry, portfolio, the Office of the Complaints Commissioner, the Office of the Information Commissioner, or any statutory authority or government company has used its resources in discharging its functions and in its financial dealings.
To meet this mandate the OAG carries out performance audits; and release public interest reports. The results of this work are provided to the Parliament and are normally referred to the PAC where they are reviewed and considered for how the recommendations could improve government operations.
Performance audits (previously called value-for-money audits)
Our performance audits are based on a planned and published work programme, covering efficiency, effectiveness, economy, governance and accountability. Our performance audits follow the International Standards of Supreme Audit Institutions (ISSAIs). Our current performance audit programme for 2024 – 2028 confirms the performance audits we plan to continue and start in the 12 months from May 2024:
Already underway as of May 2024:
Improving employment prospects for Caymanians
New audits to be started
It also provides an indication of proposed performance audits between 2025 and 2028. Click on the following link for a copy of our current programme – Performance Audit Programme 2024-2028.
The OAG is always happy to hear about any areas or issues that we should consider in our performance audit work programme. Therefore, if there are issues or areas that you think we should look into, please Contact Us.
Public Interest Reports
Public interest reports are focused on important issues identified during the year, and which in the public interest, should be reported to the Parliament in as short a time frame as possible. In general these are reactive, will cover single issues at an individual entity. To an extent they draw on issues identified through our audit of the financial statements, but are also the result of issues of public interest that are brought to our attention.