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Enhancing Implementation of ISSAI 4000 Series: Lessons Learned and Maintenance Strategies

Join us at CAS meeting in Batumi, Georgia to discuss experiences and maintenance challenges of ISSAI 4000 series implementation. Share insights on safeguarding resources, conducting audits, and planning procedures. Explore strategies for reliability and awareness among stakeholders. Discover key topics like materiality, sampling, and setting up monitoring systems. Be part of shaping a new standard for planning and maintaining audit standards. Let's collaborate to ensure effective maintenance of ISSAI 4000 series for the future.

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Enhancing Implementation of ISSAI 4000 Series: Lessons Learned and Maintenance Strategies

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  1. Maintenanceofthe ISSAI 4000 series CAS meeting, Batumi, Georgia 27th-28th of September 2011

  2. Group discussion • Whatareyourexperiences and lessonslearned from theimplementationofthe ISSAI 4000 series so far? • Are therespecificmaintenanceissuesthatarise from yourimplementationexperiences?

  3. Broadconcepts SAFEGUARD OF RESOURCES THE GENERAL STATE ACCOUNTS SUBJECT MATTER UNDERLYING TRANSACTIONS OF THE BUDGET

  4. Group discussion summing up - Jens • Applicationmateral: risk assessment & materiality • How to relyonthework of otherauditors • Conclusion form – consequences • Pervasiveness (newconclusion form – whatdoes it mean) • Awarenessamong stakeholders • Reliability of statistics

  5. Group discussion summing up - Erna • Sampling • Pervasivness • Opinions vs. concusions – make use of thedifferent types • Combinations of audit types • Case studies and examples • Subject matter • Qualifications of auditors/resurces

  6. Group discussion summing up - Mona A new standard for planning? Materiality: • Amount • Nature • Context • Time (prescription)

  7. Maintenanceissuesidentified at CAS meeting in Stockholm 2009 • Materiality (China, Georgia, Lithuania) • Pervasiveness (ECA) • Sampling (India, ECA) • Limited vs. reasonable assurance (Brazil) • Need for application material (Slovakia, Tunisia • Opinion – positive vs negative report (China, Denmark, Namibia, Romania, Norway) • How to set up a monitoring system (Tunisia) • Unlawful acts/fraud/corruption (Mexico) • Prescription vs. liability (Romania)

  8. Paper • End of January!!

  9. Sourcesinfluencingthemaintenanceofthe ISSAI 4000 series • The work of the harmonization project • Professional development conducted by other standard setting bodies • Development projects within the compliance audit subcommittee

  10. Proposedmaintenancefrequency 5 years

  11. Consequences: 2013: CAS willestablish a workinggroupconsideringtheamountsofchangesneeded in the ISSAI 4000 series.

  12. Maintenanceissues to start workingonnow • Which? • How? • Who?

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