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INTOSAI WORKING GROUP ON PUBLIC DEBT 9-10 June 2011

INTOSAI WORKING GROUP ON PUBLIC DEBT 9-10 June 2011. Tribunal de Contas. EVALUATION OF THE NEED AND OPORTUNITY OF REVISING WGPD’S PRODUCTS. INTOSAI Standards Framework.

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INTOSAI WORKING GROUP ON PUBLIC DEBT 9-10 June 2011

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  1. INTOSAI WORKING GROUP ON PUBLIC DEBT 9-10 June 2011 Tribunal de Contas EVALUATION OF THE NEED AND OPORTUNITY OF REVISING WGPD’S PRODUCTS

  2. INTOSAI Standards Framework • International Standards of Supreme Audit Institutions (ISSAI) stating the basic prerequisites for the proper functioning and professional conduct of Supreme Audit Institutions and the fundamental principles in auditing of public entities. • INTOSAI Guidance for Good Governance (INTOSAI GOV) providing guidance to public authorities on the proper administration of public funds. Tribunal de Contas

  3. ISSAIs LEVEL 1: FoundingPrinciples ISSAI 1 LIMA DECLARATION LEVEL 2: Prerequisites for Functioning of SAIs ISSAIs 10-99 LEVEL 3: Fundamental Auditing Principles ISSAIs 100-999 LEVEL 4: Auditing Guidelines ISSAIs 1000-5999 Tribunal de Contas

  4. ISSAIs LEVEL 4: Auditing Guidelines ISSAIs 1000-5999 IGFA (1000-1999) IGPA (3000-3999) IGCA (4000-4999) SG (5000-5999) 5400-5499 Specific guidelines on audit of public debt Tribunal de Contas

  5. INTOSAI GOVs Internal Control (9100-9199) Accounting Standards (9200-9299) 9230 Guidance on definition and disclosure of public debt Tribunal de Contas

  6. PSC harmonization project Timing: 2010-2013. Object: revision of ISSAIs 100-4999 which may lead to changes in the ISSAIs 5000-5999. Terminology to be used in ISSAIs 100-4999: a general glossary for the ISSAI Framework is to be put together. Tribunal de Contas

  7. WGPD documents under evaluation Tribunal de Contas

  8. Evaluation criteria Tribunal de Contas

  9. Evaluation results (Summary) ISSAI 5421 and INTOSAI GOV 9230 are identical; the document “Guidance on reporting public debt” is an updated version of the previous two but not an ISSAI or an INTOSAI GOV. ISSAI 5411, adopted in 2011, is not to be revised in the near future. Other ISSAIs need different degrees of updating and harmonization. Tribunal de Contas

  10. Next steps to be discussed Tribunal de Contas

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