July 8, 2024

Majuro, Marshall Islands: The OAG proudly announces that it received another pass rating for its most recent external quality control (peer review) from a team of auditors from the Association of Pacific Islands Public Auditors (APIPA). Audit organizations are required by Government Auditing Standards to undergo an independent peer review at least once every three years. The onsite portion of the OAG peer review was conducted during the week of July 1-5, 2024 and the team reviewed audit engagements issued by the OAG during the period from January 1, 2021, through December 31, 2023.

The peer review team was led by Mr. Vincent Duenas, Supervising Accountability Auditor of Guam OPA (Team Leader), Mr. Bryan Dabugsiy, Public Auditor of Yap State (Team Member), Ms. Maryann Manglona, CPA of Guam OPA, and Mr. Jerrick Hernandez, CGFM, CICA, CFE, CGAP of Guam OPA. Based on its review, the peer review team concluded that “OAG’s internal quality control system was adequately designed and operating effectively to provide reasonable assurance of compliance with the Government Auditing Standards and applicable legal and regulatory requirements for audit engagements during the period of January 1, 2021, to December 31, 2023”

The OAG received praise for its well-structured internal control system, which effectively ensures adherence to Government Auditing Standards and relevant legal and regulatory requirements for audit engagements. This recognition is a testament to the dedication and effort of the OAG team. Furthermore, the OAG accepted a suggestion by its peer review team to convert all its working papers into electronic to make the audit process more efficient and enhance the security of all audit data. We appreciate the suggestion by our peer review team and indeed our efforts and search are ongoing for an audit software that best suits our operation and needs at a cost that we can sustain.

The Auditor-General, Mr. Junior Patrick, congratulated his team at the OAG for another pass rating in its peer review and thanked his team for their dedication to follow all relevant professional standards in its audit works. To view the peer review report, please click here or visit https://www.rmioag.com/wp-content/uploads/2024/07/Peer-Review-Reports-of-the-OAG-website-copy.pdf.

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Media Contact:

Leban Joash – IT Manager & Communication Officer

Email: ljoash@rmioag.com | Phone: 692 625 3390

Website: www.rmioag.com