Resource Consideration of SAI for Ensuring Effective Accounting and Adequate Internal Control System. The SAIs have a dual role as an important instrument of ensuring accountability and as an aid to the executive. Whereas it is the executive responsibility to develop and install the accounting and internal control systems, SAIs should ensure, by means of reviewing and suggesting improvements, that the systems are effective and adequate. The Assembly resolved to adopt the following guidelines for the SAIs to promote effective accounting and adequate internal control system in government.
Internal controls assist an organization's management in achieving the accountability.
The most important part of the accountability process is the obligation of the executive to render the accounts on a timely basis. In order to ensure realization of the goals and objectives of an organization and to reliably report on its activities, adequate and effective internal control structure is essential. There is increased interest, amongst all sections of society, in the way the governments function and the extent to which the planned objectives and the budgetary anticipations are realized as well as their impact on the economy. For the financial statements and reports to be useful they have to respond to the needs of a variety of users. This presupposes constant improvements in accounting and financial reporting.