PSC INTOSAI Professional Standards Committee

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PSC INTOSAI Professional Standards Committee

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PSC INTOSAI Professional Standards Committee Raising awareness of the ISSAIs and INTOSAI GOVs Presentation by (name and title) (venue and date) 1 The Professional Standards Committee (PSC) structure and tasks PSC INTOSAI Professional

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PSC
INTOSAI Professional Standards Committee Raising awareness of the ISSAIs and INTOSAI GOVs Presentation by (name and title)
(venue and date) 1

The Professional Standards Committee (PSC) structure and tasks PSC
INTOSAI Professional Standards Committee Content 2 1 2 4 3 INTOSAI INTOSAI INTOSAI INTOSAI ISSAI framework Implementation

PSC
INTOSAI Professional Standards Committee 3

PSC
INTOSAI Professional Standards Committee INTOSAI - -Regional Working Groups OLACEFS Organization of Latin American and Caribbean Supreme
Audit Institutions (1965)
AFROSAI African Organization of Supreme Audit Institutions
(1976)
ARABOSAI Arab Organization of Supreme Audit Institutions (1976)
ASOSAI Asian Organization of Supreme Audit Institutions (1978)
PASAI Pacific Association of Supreme Audit Institutions (1987)
CAROSAI Caribbean Organization of Supreme Audit Institutions (1988)
EUROSAI European Organization of Supreme Audit Institutions (1990) 4

PSC
INTOSAI Professional Standards Committee INTOSAI Strategic Plan 2005-2010
The establishment of the ISSAI framework and the adoption of International Standards of Supreme Audit Institutions (ISSAI) and INTOSAI Guidance for Good Governance (INTOSAI GOV)
2011-2016
The implementation of the ISSAI framework is a demanding task that will require attention on global, regional and country level. 5

PSC
INTOSAI Professional Standards Committee The South Africa Declaration XX INCOSAI resolves to call upon its members and other
interested parties to:

Use the ISSAI framework as a common frame of reference for public sector auditing;
Measure their own performance and auditing guidance against the ISSAIs;
Implement the ISSAIs in accordance with their mandate and national legislation and regulations;
Raise the awareness of the ISSAIs and INTOSAI GOVs globally, regionally and at the national level;
Share experience, good practice and challenges in implementing the ISSAIs and INTOSAI GOVs with those responsible for developing and revising the ISSAIs and INTOSAI GOVs. 6

The Professional
Standards Committee
(PSC) structure and tasks PSC
INTOSAI Professional Standards Committee Content 7 1 2 4 3 INTOSAI INTOSAI INTOSAI INTOSAI ISSAI framework Implementation

PSC
INTOSAI Professional Standards Committee Professional Standards Committee (PSC) 8 Objectives
Promote strong, independent and multi-disciplinary SAIs by:
encouraging SAIs to lead by excample
contributing to the development and adoption of appropriate and effective professional standards Partners
The PSC is working together with other international, recognized standard-setting bodies:
The International Federation of Accountants (IFAC)
The Institute of Internal Auditors (IIA)

PSC
INTOSAI Professional Standards Committee Professional Standards Committee (PSC) organisation 9 Project on
Transparency and
Accountability
Chair: France Financial
Audit
Subcommittee
Chair: Sweden Performance
Audit
Subcommittee
Chair: Brazil Compliance
Audit
Subcommittee
Chair: Norway Internal Control
Standards
Subcommittee
Chair: Poland Accounting and
Reporting
Subcommittee
Chair: Canada PSC
Chair: Denmark PSC Secretariat
Chair: Denmark Harmonisation
Project Awareness-
Raising
Task Force Project on
Audit Quality
Control
Chair: New Zealand

PSC
INTOSAI Professional Standards Committee Content 10 1 2 4 3 INTOSAI INTOSAI INTOSAI INTOSAI ISSAI framework Implementation The Professional Standards Committee (PSC) structure and tasks

PSC
INTOSAI Professional Standards Committee What is the objective of the ISSAI framework? 11

PSC
INTOSAI Professional Standards Committee Overview of the ISSAI framework (1) Level 1 - Founding Principles
ISSAI 1 The Lima Declaration 12

PSC
INTOSAI Professional Standards Committee Overview of the ISSAI framework (2) Level 2 - Prerequisites for the Functioning of SAIs
ISSAI 10 The Mexico Declaration on SAI Independence
ISSAI 11 Guidelines and Good Practices related to SAI
Independence
ISSAI 20 Principles of Transparency and Accountability
ISSAI 21 Principles of Transparency and Accountablity – Good Practices
ISSAI 30 Code of Ethics
ISSAI 40 Quality Control for SAIs 13

PSC
INTOSAI Professional Standards Committee Overview of the ISSAI framework (3) Level 3 - Fundamental Auditing Principles
ISSAI 100 Basic Principles
ISSAI 200 General Standards
ISSAI 300 Field Standards
ISSAI 400 Reporting Standards The Harmonisation Project 2011-2013 14

PSC
INTOSAI Professional Standards Committee Overview of the ISSAI framework (4) Level 4 - Auditing Guidelines
Implementation guidelines:
ISSAI 1000–2999 Financial Audit Guidelines
(including guidelines based on International Standards on Auditing )
ISSAI 3000-3999 Performance Audit Guidelines
ISSAI 4000-4999 Compliance Audit Guidelines 15

PSC
INTOSAI Professional Standards Committee Overview of the ISSAI framework (4) Level 4 - Auditing Guidelines
Specific guidelines:
ISSAI 5000-5099 International Institutions
ISSAI 5100-5199 Environmental Audit
ISSAI 5200-5299 Privatisation
ISSAI 5300-5399 IT-audit
ISSAI 5400-5499 Audit of Public Debt
ISSAI 5500-5599 Audit of Disaster-related Aid
ISSAI 5600-5699 Peer Review Guidelines 16

PSC
INTOSAI Professional Standards Committee Overview of the ISSAI framework (6) INTOSAI GOV - Guidance for Good Governance
INTOSAI GOV 9100-9199 Internal Control Standards
INTOSAI GOV 9200-9299 Accounting and Reporting
Standards 17

PSC
INTOSAI Professional Standards Committee ISSAIs add value to the work of SAIs Adherence to the ISSAIs

promotes transparency in the public sector and adds Credibility to our work as auditors;

improves the effectiveness and efficiency of the work of SAIs and provide the basis for high Quality audits;

increases the perceived level of Professionalism of SAIs. 18

The Professional Standards Committee (PSC) structure and tasks PSC
INTOSAI Professional Standards Committee Content 19 1 2 4 3 INTOSAI INTOSAI INTOSAI INTOSAI ISSAI framework Implementation

PSC
INTOSAI Professional Standards Committee Adoption and Implementation Responsibility of all INTOSAI members to help establish the ISSAI framework as a common frame of reference for public sector auditing

Two important aspects to address:
adoption
implementation 20

PSC
INTOSAI Professional Standards Committee Adoption Aspects to be considered by top management:
mandate and requirements in a national context;
what implications will an implemenation have on the specific SAI;
current audit environment;
the need for carrying out Gap Analyses and Risk Assesment;
peer review;
necessary steps before final decision on implementation;
resources needed – in-house/external. 21

PSC
INTOSAI Professional Standards Committee Implementation Consider the SAI’s ISSAI implementation options:
as authoritative standards;
as guidance;
to support other standards;
compliance audit as part of financial audit or as stand- alone audit. 22

PSC
INTOSAI Professional Standards Committee Implementation Consider:
in-house implementation;
IDI/Regional implementation;
SAI-to-SAI implementation support;
use of other donors and service providers;
full package vs. gradual implementation;
work out implementation guides;
stakeholders in implementation (in-house and external);
need for specific guidelines on a lower level. 23

PSC
INTOSAI Professional Standards Committee Implementation steps 24 Awareness Sustaining results Applying Learning Priority needs

PSC
INTOSAI Professional Standards Committee Implementation 25 Long term process Methodology Operational Be realistic

PSC
INTOSAI Professional Standards Committee www.issai.org Official website providing access to all ISSAIs
and INTOSAI GOVs

Free E-mail Update Service providing info on
latest developments in the ISSAI framework 26

PSC
INTOSAI Professional Standards Committee Questions 27

PSC INTOSAI Professional Standards Committee

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