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INTOSAI Working Group on Public Debt

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

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INTOSAI Working Group on Public Debt

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  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

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