1 / 13

INTOSAI Working Group on Public Debt

This project aims to develop a comprehensive guidance for auditing Public Debt Information Systems (PDIS) that can benefit the INTOSAI community. The roadmap will cover the audit of operation flows, data stored in PDIS, and their impacts, including general and operational controls. It will also include analysis reports, standard reports, user-defined data validation, and financial indicators.

kellyvernon
Download Presentation

INTOSAI Working Group on Public Debt

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. INTOSAI Working Group on Public Debt Evaluation on Information Systems Related to Public Debt Management Coordination: Brazilian SAI Vilnius, June 9-10, 2011

  2. OBJECTIVE To help the WGPD develop a guidance regarding the audit of Public Debt Information Systems (PDIS) that can be useful for all the INTOSAI community, through a Roadmap

  3. OBJECT ROADMAP Audit of operation flows and data stored in a PDIS and its impacts in the system, covering: - survey of Debt Office structure - General and Operational Controls

  4. OBJECT – OperationFlows Negotiation Administration Mobilization Debt Service • Internal Loans • External Loans • Debt Securities • Debt Reorganization • General Agreements • Loan drawings • Debt Securities subscriptions • Loans • Debt Securities • Loans • Auctions Analysis Report • Standard Reports • User-defined • Data Validation • Financial Indicators • Debt Portfolio • Debt Sustainability LIFE CYCLE

  5. METHODOLOGY • Source materials (main documents): • ISSAI 5410 Guidance for Planning and Conducting an Audit of Internal Controls of Public Debt • ISSAI 5440 Guidance for Conducting a Public Debt Audit – Substantive Tests • IT Audit Guidelines (Asosai/Sept,2003) • IDI e-Learning Course on Auditing Public Debt Management • Knowledge about PDIS • - DMFAS System presentation

  6. SCOPE Public Debt Information System Debt Office operation flows related to securities, bank loans, foreign governments or international and multilateral bodies loans

  7. STRUCTURE OF ROADMAP • Part 1 – Planning (Understanding) • Gaining an overall understanding of: • - the system’s related operation flows; • how the public debt information system is organized; • composition of the public debt; • technological tools (hardware, software) • how the physical documents of the operations is stored

  8. STRUCTURE OF ROADMAP • Part 1 – Planning (Understanding) • How to execute it? • Process Mapping of the PDIS (operation flows) • Trade; • Cash flows; • Buying, selling, forgiveness, reschedule, and other recordings; • Physical and logical controls • Accountancy related (recording/reporting)

  9. STRUCTURE OF ROADMAP • Part 2 – Testing • To determine if the internal controls are operating effectively. • CAREFUL ALL THE TIME • Compliance according to applicable laws • and regulations

  10. STRUCTURE OF ROADMAP • Part 2 – Testing • General Controls including: • Segregation of duties; • Physical controls (access/enviromental) • Logical access controls

  11. STRUCTURE OF ROADMAP • Part 2 – Testing • Operational Controls (data validation) related to: • Reliability of the debt database; • Errors found in the public debt records; • Measures to correct errors found;

  12. STRUCTURE OF ROADMAP • Part 3 – Reporting (standard) • To communicate: • -audit objectives, scope and methodology • findings • conclusions • recommendations (or determinations)

  13. NEXT STEPS • To develop 3 parts • To conduct an audit of the Brazilian Information Public Debt System (understanding) • Are thescopeandthestructureproper? • Anyparticipation is welcome! • semag1dt@tcu.gov.br

More Related