FINANCIAL AUDIT AS A CATALYST FOR THE EXTERNAL CONTROL PROCESS OF THE BRAZILIAN SUPREME AUDIT INSTITUTION

Abstract

The Constitution of the Federative Republic of Brazil (1988) brings in the list of competencies of the Audit Courts working in accounting, financial, budgetary and patrimonial audits in the jurisdictional entities. For these local attributions legislations (as an example the Organic Laws) reaffirm that in order to judge the accounts as regular it is necessary to evaluate the accuracy of the accounting statements. This article proposes a model that aims to enhance the effectiveness of financial audits in these Supreme Audit Institutions (Courts of Auditors). In this suggestion is shared a drawing of the alignment of activities performed in external control with a common goal and aligned with international financial auditing techniques, always seeking the technique in place of subjectivity. The reflection now shared presents, in alignment with international auditing standards, the financial audit as a preponderant factor in planning and implementation of external control work at the institutional level, guiding the preparation of Annual Supervision Plans, and as the most appropriate tool for the fulfillment of the private duties of the Supreme Audit Institution.