EUROSAI 90 Studies and other articles During the monitoring audit, the SAO does not oblige the auditees to prepare an action plan, but in the framework of counselling promotes the implementation of their positive change in public finances already in the distinct phase of the audit process supporting the operation of good governance. Based on the above, the main features of the monitoring audit are the following: • it is related to the whole or a large group of organizations operating in the same legal environment; • it covers the evaluation of documents relevant to the area and the chief leader; • it focuses on the existence of relevant documents and the basic criteria of its function; • it focuses on the present documents, gives a realtime evaluation; • it contains recommendations for the future; • it does not intend to encourage the auditees to take action by drawing up an action plan but promotes the improvement of the public finance situation already in the second stage of the audit process, driving managers to take action according to their area of competence; • it recommends co-operation and provides aspects for improvement. The purpose of the monitoring audit is to provide a current picture of the audited area as well as create an opportunity to address the deficiencies already in the audit process. When selecting the topic of the monitoring audit, the SAO pays attention to the possibilities and materiality of the audit, bearing in mind that the audit in its advisory role seeks to promote the improvement of public finances within the framework of the cooperation of public money users. An important aspect in the planning of the monitoring audit is that the audited organizations operate in the same legal environment with respect to the assessed area. Within the organizational circle, especially in the case of a very large number (sometimes thousands) of auditees, the formation of segments based on the characteristics of each group may arise in order to support the feasibility of the audit. In order to form groups, criteria must be chosen on the basis of which the organization can be clearly classified into one of the segments (for example territorial location, type of public task performed, size of management framework). In order to conduct themonitoring audit, it is necessary to identify the relevant documents, the absence of which poses a significant risk to public finances. An essential condition for the evaluation of documents is the definition of the relevant audit criteria. In the case of monitoring audits, the criteria relate primarily to the availability of documents and the essential elements of their content which are necessary for the document to fulfil its role in practice. In the case of monitoring audits, based on a management letter, auditors also assess the improvement in their reports during a separate second phase of the audit. Thus, it can be clearly seen that the role of change management is essential in the life of all institutions and organizations, since without reacting to changes in time, their activities are unsustainable and their ability to create added value is lower. The SAO also proved during the pandemic that a thorough assessment of the situation and the transformation of challenges into opportunities, namely the management of changes, create new relevant values.
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