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Agenda Item No. 12 Progress Report on the activities of the INTOSAI Working Group on IT Audit. Chair: SAI India. About WGITA. Represented by 42 members and four observers ISACA and AFROSAI-E joined as observers
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Agenda Item No. 12Progress Report on the activities of the INTOSAI Working Group on IT Audit Chair: SAI India Comptroller and Auditor General of India
About WGITA • Represented by 42 members and four observers • ISACA and AFROSAI-E joined as observers • Work Plan (2014-2016) approved by Working Group in its 22nd meeting at Vilnius, Lithuania • Preparation of Work Plan (2017-2019) is in progress • 24th annual meeting held at Warsaw, Poland on 29-30 June 2015 Comptroller and Auditor General of India
Knowledge and Skill Development • Cooperating with IDI, ISACA and AFROSAI-E to strengthen capacity of SAIs in IT auditing • Forty SAIs from ASOSAI, AFROSAI-E, CAROSAI, EUROSAI and PASAI participating in IDI’s Global Capacity Development Programme on IT Audit launched in 2014 • Programme objective is to support SAI teams in conducting IT audit as per best practice Comptroller and Auditor General of India
Development and transfer of knowledge • Working Group is undertaking following five projects taken as part of Work Plan (2014-16) approved in 23rd meeting at Kuwait: • IT Governance • Data Mining as a Tool in Fraud Investigation • Development of Standards for State Information Systems and Project Audit • Development of Data Interface Standard for Accounting Software • Development of ISSAI-5300 on ‘Guidelines on IT Audits’ Comptroller and Auditor General of India
Project 1: IT Governance • Project led by SAI Brazil • First draft of IT Governance guide and its more refined version to be sent to all WGITA members/observers by end of this year. • Complete product is expected to be presented before XXII INTOSAI Congress in 2016 for approval Comptroller and Auditor General of India
Project 2: Data Mining as a Tool in Fraud Investigation • Project led by SAI South Africa • Guide to include a Fraud scoring model • Project team would finalise and submit a guide before 2016 WGITA for approval Comptroller and Auditor General of India
Project 3: Development of Standards for State Information Systems and Project Audit • Project led by SAI Russia • Standard to have 10 domains • Draft to be completed by the end of the year • To come up with standard for State Information Systems and Project Audit before XXII INCOSAI in 2016 Comptroller and Auditor General of India
Project 4: Development of Data Interface Standard for Accounting Software • Project led by SAI China • Working draft of Data Interface Standard for Accounting Software is forwarded to WGITA members/observers for comments/suggestions • Final version of draft document will be submitted by 2016 INCOSAI Comptroller and Auditor General of India
Project 5: Development of ISSAI-5300 on ‘Guidelines on IT Audits’ • Project led by SAI India • Skeletal draft of ISSAI 5300 prepared in line with approved project proposal • Project team is finalizing exposure draft of ISSAI 5300 in India • Final ISSAI 5300 will be presented before XXII INCOSAI in 2016 in UAE Comptroller and Auditor General of India
Other important issues • Discussions took place on Big Data and Audit Management System in the 24thWGITA meeting • Big data demands a paradigm shift in audit focus from IT auditing to digital auditing • WGITA in collaboration with IDI is working on development of Audit Management System, a software that can automate documentation relating to audit work Comptroller and Auditor General of India
THANK You Comptroller and Auditor General of India