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Raising awareness of the ISSAIs and INTOSAI GOVs

Raising awareness of the ISSAIs and INTOSAI GOVs. Presentation by ( name and title ) (venue and date). PSC INTOSAI Professional Standards Committee. Content. INTOSAI . INTOSAI . INTOSAI . INTOSAI. 1. Implementation. 4.

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Raising awareness of the ISSAIs and INTOSAI GOVs

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  1. Raising awareness of the ISSAIs and INTOSAI GOVs Presentation by (name and title) (venue and date) PSC INTOSAI Professional Standards Committee

  2. Content INTOSAI INTOSAI INTOSAI INTOSAI 1 Implementation 4 The Professional Standards Committee (PSC) structure and tasks 2 ISSAI framework 3 PSC INTOSAI Professional Standards Committee

  3. PSC INTOSAI Professional Standards Committee

  4. INTOSAI - -Regional Working Groups OLACEFS Organization of Latin American and Caribbean Supreme Audit Institutions (1965) AFROSAI African Organization of Supreme Audit Institutions (1976) ARABOSAI Arab Organization of Supreme Audit Institutions (1976) ASOSAI Asian Organization of Supreme Audit Institutions (1978) PASAI Pacific Association of Supreme Audit Institutions (1987) CAROSAI Caribbean Organization of Supreme Audit Institutions (1988) EUROSAI European Organization of Supreme Audit Institutions (1990) PSC INTOSAI Professional Standards Committee

  5. INTOSAIStrategic Plan 2005-2010 • The establishment of the ISSAI framework and the adoption of International Standards of Supreme Audit Institutions (ISSAI) and INTOSAI Guidance for Good Governance (INTOSAI GOV) 2011-2016 • The implementation of the ISSAI framework is a demanding task that will require attention on global, regional and country level. PSC INTOSAI Professional Standards Committee

  6. The South Africa Declaration XX INCOSAI resolves to call upon its members and other interested parties to: • Use the ISSAI framework as a common frame of reference for public sector auditing; • Measure their own performance and auditing guidance against the ISSAIs; • Implement the ISSAIs in accordance with their mandate and national legislation and regulations; • Raise the awareness of the ISSAIs and INTOSAI GOVs globally, regionally and at the national level; • Share experience, good practice and challenges in implementing the ISSAIs and INTOSAI GOVs with those responsible for developing and revising the ISSAIs and INTOSAI GOVs. PSC INTOSAI Professional Standards Committee

  7. Content INTOSAI INTOSAI INTOSAI INTOSAI 1 Implementation 4 The Professional Standards Committee (PSC) structure and tasks 2 3 ISSAI framework PSC INTOSAI Professional Standards Committee

  8. Professional Standards Committee (PSC) Objectives Promote strong, independent and multi-disciplinary SAIs by: • encouraging SAIs to lead by excample • contributing to the development and adoption of appropriate and effective professional standards Partners The PSC is working together with other international, recognized standard-setting bodies: • The International Federation of Accountants (IFAC) • The Institute of Internal Auditors (IIA) PSC INTOSAI Professional Standards Committee

  9. Professional Standards Committee (PSC) organisation PSC Chair: Denmark PSC Secretariat Chair: Denmark Project on Transparency and Accountability Chair: France Project on Audit Quality Control Chair: New Zealand Harmonisation Project Awareness- Raising Task Force Financial Audit Subcommittee Chair: Sweden Performance Audit Subcommittee Chair: Brazil Compliance Audit Subcommittee Chair: Norway Internal Control Standards Subcommittee Chair: Poland Accounting and Reporting Subcommittee Chair: Canada PSC INTOSAI Professional Standards Committee

  10. Content INTOSAI INTOSAI INTOSAI INTOSAI 1 Implementation 4 The Professional Standards Committee (PSC) structure and tasks 2 ISSAI framework 3 PSC INTOSAI Professional Standards Committee

  11. What is the objective of the ISSAI framework? PSC INTOSAI Professional Standards Committee

  12. Overview of the ISSAI framework (1) Level 1 - Founding Principles ISSAI 1 The Lima Declaration PSC INTOSAI Professional Standards Committee

  13. Overview of the ISSAI framework (2) Level 2 - Prerequisites for the Functioning of SAIs ISSAI 10 The Mexico Declaration on SAI Independence ISSAI 11 Guidelines and Good Practices related to SAI Independence ISSAI 20 Principles of Transparency and Accountability ISSAI 21 Principles of Transparency and Accountablity – Good Practices ISSAI 30 Code of Ethics ISSAI 40 Quality Control for SAIs PSC INTOSAI Professional Standards Committee

  14. Overview of the ISSAI framework (3) Level 3 - Fundamental Auditing Principles ISSAI 100 Basic Principles ISSAI 200 General Standards ISSAI 300 Field Standards ISSAI 400 Reporting Standards The Harmonisation Project 2011-2013 PSC INTOSAI Professional Standards Committee

  15. Overview of the ISSAI framework (4) Level 4 - Auditing Guidelines Implementation guidelines: ISSAI 1000–2999 Financial Audit Guidelines (including guidelines based on International Standards on Auditing ) ISSAI 3000-3999 Performance Audit Guidelines ISSAI 4000-4999 Compliance Audit Guidelines PSC INTOSAI Professional Standards Committee

  16. Overview of the ISSAI framework (4) Level 4 - Auditing Guidelines Specific guidelines: ISSAI 5000-5099 International Institutions ISSAI 5100-5199 Environmental Audit ISSAI 5200-5299 Privatisation ISSAI 5300-5399 IT-audit ISSAI 5400-5499 Audit of Public Debt ISSAI 5500-5599 Audit of Disaster-related Aid ISSAI 5600-5699 Peer Review Guidelines PSC INTOSAI Professional Standards Committee

  17. Overview of the ISSAI framework (6) INTOSAI GOV - Guidance for Good Governance INTOSAI GOV 9100-9199 Internal Control Standards INTOSAI GOV 9200-9299 Accounting and Reporting Standards PSC INTOSAI Professional Standards Committee

  18. ISSAIs add value to the work of SAIs Adherence to the ISSAIs • promotes transparency in the public sector and addsCredibility to our work as auditors; • improves the effectiveness and efficiency of the work of SAIs and provide the basis for high Qualityaudits; • increases the perceived level of Professionalismof SAIs. PSC INTOSAI Professional Standards Committee

  19. Content INTOSAI INTOSAI INTOSAI INTOSAI 1 Implementation 4 The Professional Standards Committee (PSC) structure and tasks 2 ISSAI framework 3 PSC INTOSAI Professional Standards Committee

  20. Adoption and Implementation • Responsibility of all INTOSAI members to help establish the ISSAI framework as a common frame of reference for public sector auditing • Two important aspects to address: • adoption • implementation PSC INTOSAI Professional Standards Committee

  21. Adoption Aspects to beconsidered by top management: • mandate and requirements in a national context; • what implications will an implemenation have on the specific SAI; • current audit environment; • the need for carrying out Gap Analyses and RiskAssesment; • peer review; • necessary steps before final decision on implementation; • resources needed – in-house/external. PSC INTOSAI Professional Standards Committee

  22. Implementation Consider the SAI’s ISSAI implementation options: • as authoritative standards; • as guidance; • to support other standards; • compliance audit as part of financial audit or as stand- alone audit. PSC INTOSAI Professional Standards Committee

  23. Implementation Consider: • in-house implementation; • IDI/Regional implementation; • SAI-to-SAI implementation support; • use of other donors and service providers; • full package vs. gradual implementation; • work out implementation guides; • stakeholders in implementation (in-house and external); • need for specific guidelines on a lower level. PSC INTOSAI Professional Standards Committee

  24. Implementation steps Sustaining results Applying Learning Priority needs Awareness PSC INTOSAI Professional Standards Committee

  25. Implementation Long term process Operational Methodology Be realistic PSC INTOSAI Professional Standards Committee

  26. www.issai.org Official website providing access to all ISSAIs and INTOSAI GOVs Free E-mail Update Service providing info on latest developments in the ISSAI framework PSC INTOSAI Professional Standards Committee

  27. Questions PSC INTOSAI Professional Standards Committee

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