The State Audit Institution of the Republic of Serbia and the State Audit Office of the Latvian Republic marked the successful implementation and closure of their cooperation within the Twinning Light Project ‘’Audit Quality Control in the State Audit Institution’’.

Funded by the European Union with almost 250 000 EUR this eight-month project was aimed to enhance effective and efficient management and use of public funds in the Republic of Serbia by strengthening audit capacity of its State Audit Institution (SAI). The project also provided support to the SAI in introducing audit quality control in line with the international auditing standards and international audit practice.

The need for supreme audit institutions (SAIs) to have in place a system and procedures for quality control of its activities is universally accepted by the International Organisation of Supreme Audit Institutions (INTOSAI) and a core in all audit standards. SAIs must be in a position to constantly deliver high quality audits and other work.