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Survey on the Impact of the Working Group on Public Debt (WGPD)

This survey aims to identify the impact of the Working Group on Public Debt's annual meeting on the INTOSAI community. The results will help shape the WGPD's strategy and improve their products.

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Survey on the Impact of the Working Group on Public Debt (WGPD)

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  1. Survey on the Impact of the Working Group on Public Debt (WGPD) Annual Meeting of the WGPD Helsinki, Finland September 10-12, 2012 WGPD Secretariat 11.09.2012| ASF

  2. Introduction • The original survey was launched by the former Public Debt Committee in 2005. • The Objective was to identify the impact of the WGPD’s work on the INTOSAI community.

  3. Results of the Original Survey • Submission to all INTOSAI members • Answers from 50 countries (13 WGPD’s members)

  4. Survey Results Questions included in the 2005 Survey, as well as the main results.

  5. Survey ResultsAnswer rate by Regional W. Group

  6. Survey ResultsQ1 Are you acquainted with any of the PDC’s official products?

  7. Survey ResultsQ2 Which of the products do you know?

  8. Survey ResultsQ3 Where did you learn about the PDC’s products?

  9. Survey ResultsQ4 Has your SAI made use of any of these documents for your auditing work?

  10. Survey ResultsQ5 Please specify which products have been used by your SAI:

  11. Survey ResultsQ6 Please describe the specific use of the PDC’s products:

  12. Survey ResultsQ7 Please describe the impact of these documents on your regular auditing work:

  13. Survey ResultsQ8 Have you recommended these publications to Governmental Agencies or Nongovernmental Organizations of your country? Q9 Please name the agencies you have recommended these publications: The Ministry of Finance is the principal agency to which SAIs have recommended the aforementioned WGPD (PDC) publications.

  14. Survey ResultsQ10 Do you have any suggestion on the issues that should be included in the PDC’s products? • Public Debt Management • Guidance on financial instruments and their disclosure: • Implications for public debt auditing • The best management practices (including loaning risk • management), monitoring, assessment, forecasting and audit of the public debt • Objects (Aims) of Public Debt Management in different countries • Best practices on the use of Asset and Liability Management in different countries • Potential accounting and reporting reforms in cooperation with INTOSAI PSC. • Substantive procedures on public debt auditing

  15. Survey ResultsQ11 How often do you visit the PDC Website?

  16. Survey ResultsQ12 Do you have any suggestions /comments /observations on the information that should be included in the PDC Website? • Hyperlinks to documents and other websites useful for debt auditors • past audits performed by other SAIs • cases studies, academic articles • International Agencies (IMF, WB, OECD...) • drafts of PDC materials before they are approved • The web page should be more friendly, dynamic and interactive

  17. Survey ResultsQ13 Does your SAI have any development or practice related to public debt auditing that could be useful for the INTOSAI community?

  18. Survey ResultsQ14 Do you consider the PDC to be the appropriate forum to share this knowledge within the INTOSAI community?

  19. Conclusions of the 1st Survey • The results of the Survey showed that the former Committee’s work was valuable; nevertheless we had to be more aggressive in order to disseminate our products among INTOSAI. • The PDC products were regarded as important inputs and references for sound audit practices; therefore we had to maintain the quality of our documents. • Even though the PDC Website had been used as the main access to our work, it was clear that its complete overhaul was needed.

  20. Conclusions of the 1st Survey • INTOSAI members showed interest in specific topics, such as: • Fiscal risk on public debt, public pension’s systems, public-private partnerships, risks on public debt • Compilation of practical materials including examples on conduction of public debt audits • Substantive procedures on public debt auditing • Some investigations were conducted based on the INTOSAI members’ feedback.

  21. PROPOSAL Launching of an updated survey in order to: a) Identify the impact of the WGPD’s products, b) Obtain valuable feedback to appropriatly outline the WGPD’s strategy.

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