Introducing the ISSAIs and INTOSAI GOVs

1. Introducing the ISSAIs and INTOSAI GOVs PSC The Professional Standards Committee

2. The ISSAI framework and PSC subcommittees and projects 3 The Professional Standards Committee (PSC) structure and tasks 2 4 Due process Content INTOSAI 1

3. 1. INTOSAI The International Organization of Supreme Audit Institutions

4. INTOSAI GoverningBoard -INCOSAI Approving all documents prior to theirpresentation and endorsement by INTOSAI’striennialcongress - INCOSAI.

5. INTOSAI Development Initiative (IDI) SAI capacitybuilding in emerging and developingcountries.

6. 5 Mandate 2010-2013 3 Partners 4 2 Organisation Keycommitments 2. The PSC structure and tasks 1 Objective

7. Objective of the PSC To promote strong, independent, and multidisciplinarySAIs by (1) providing and maintaininginternatinal standards of Supreme Audit Institutions (ISSAIs) and (2) contributing to the developmentand adoption of appropriate and effectiveprofessional standards.

8. Professional Standards Committee(PSC) organisation PSC Chair: Denmark PSC Steering Committee Chair: Denmark Goal Liaison: Libya Harmonisation Project (Revision of level 3) Chair: Denmark Project on Audit Quality Control Chair: New Zealand Project on Transparency and Accountability Chair: France 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

9. Partners The PSC is workingtogetherwithother international, recognizedstandard-settingbodies: • The International Federation of Accountants (IFAC) • The Institute of Internal Auditors (IIA)

10. Mandate 2011-2013 - Continued development and maintenance of the ISSAI Framework. - Harmonization of the ISSAI framework. - Raising awareness of the ISSAIs.

11. 6 4 5 9 Questions 2 3 Overview of the ISSAI framework Level 4 Level 2 Level 1 Level 3 8 Due process 7 3. The ISSAI framework 1 Objective INTOSAI GOV

12. Objective (1) What is the objective of the ISSAI framework?

13. Objective (2) What is the objective of the ISSAIs and INTOSAI GOVs?

14. Overview of the ISSAI framework Level 1 - Founding Principles ISSAI 1 The Lima Declaration 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 (planned for 2010) ISSAI 30 Code of Ethics ISSAI 40 Quality Control for SAIs (planned for 2010) Level 3 - Fundamental Auditing Principles ISSAI 100 Basic Principles ISSAI 200 General Standards ISSAI 300 Field Standards ISSAI 400 Reporting Standards

15. Overview of the ISSAI framework Level 4 - Auditing Guidelines Implementation guidelines: ISSAI 1000–2999 Financial Auditing (Including guidelines based on International Standards on Auditing) ISSAI 3000-3999 Performance Audit Guidelines ISSAI 4000-4999 Compliance Audit Guidelines (planned for 2010) 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 (planned for 2010)

16. Overview of the ISSAI framework INTOSAI GOV - Guidance for Good Governance INTOSAI GOV 9100-9199 Internal Control Standards INTOSAI GOV 9200-9299 Accounting and Reporting Standards

17. Level 1 Level 1 - The foundingprinciples ISSAI 1 – The Lima Declaration

18. Level 2 Level 2 - Prerequisites for the functioning of SAIs ISSAI 10 – The Mexico Declarationon SAI Independence ISSAI 20 – Principles of Transparency and Accountability ISSAI 21 – Principles of Transparency and Accountability – GoodPractices ISSAI 30 – Code of Ethics ISSAI 40 – QualityControl for SAIs

19. Level 3 Level 3 - Fundamental AuditingPrinciples ISSAI 100 – BasicPrinciples ISSAI 200 – General Standards ISSAI 300 – Field Standards ISSAI 400 – Reporting Standards

20. Level 4 Level 4 – Auditing guidelines – is sub-divided into: Implementation guidelines ISSAI 1000 – 2999 Financial auditing ISSAI 3000 – 3999 Performance auditing ISSAI 4000 – 4999 Compliance auditing Specific guidelines ISSAI 5000 – 5999 Guidance on specific subjects

21. Level 4 (continued) Level 4 – Implementation audit guidelines Financial auditing – ISSAI 1000 – 2999

22. Level 4 (continued) Level 4 – Implementation audit guidelines Performance auditing – ISSAI 3000 – 3999

23. Level 4 (continued) Level 4 – Implementation audit guidelines Compliance auditing – ISSAI 4000 - 4999

24. Level 4 (continued) Level 4 – Specific audit guidelines Detailed auditing guidance on specific subjects: • 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

25. INTOSAI GOV(Guidance for GoodGovernance) INTOSAI GOVs Internal control - INTOSAI GOV 9100 – 9199 Accounting standards - INTOSAI GOV 9200 – 9299

26. Preliminarydraft (optional) Exposuredraft Endorsement version 4. Due process(averagedevelopment time frame of threeyears) Formal approval Approval Invitingcomments Information to: Final approval SteeringCommittee INTOSAI GoverningBoard INTOSAI Membership INTOSAI Congress

27. www.issai.org Official website providing access to all existing INTOSAI auditing guidance Free E-mail Update Service

28. 6 4 5 9 ISSAI website 2 3 Overview of the ISSAI framework Level 4 Level 2 Level 1 Level 3 8 Due process Questions? 1 Objective 7 INTOSAI GOV PSC The Professional Standards Committee