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Concept Framework of Coordinated Parallel Public Debt Management

Information Systems Audit

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INTOSAI Working Group of Public Debt Meeting INTOSAI Working Group of Public Debt Meeting HelsinkiHelsinki, , Finland, SeptemberFinland, September 1010--12, 201212, 2012

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Background

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ACU pays special attention to public debt auditing

14 joint and parallel audits and investigations since 2005

Open discussion of a new parallel audit on public debt in February 2012

Argentina, China, Fiji, Moldova, and Portugal supported the initiative

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Main Goals of Presentation

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To develop and present the major related aspects of the audit project

To make a contribution to the current and future WGPD’s investigations and products

To present immediate vision of the work that will be done

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Substantiation for Audit Project

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Computerized information system for debt management is a key subject of evaluation

Various PDM information systems applied in different countries

General and application controls are crucial points of debt management functions

Lack of practical experience in audits of PDM information systems and IT controls

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Audit Type

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Performance audit:

- focused on efficiency of functioning

- related subsystems, processes and procedures Unified Principles:

- parallel (national level, free of timing and choosing way of carrying out)

- coordinated (same approach, INTOSAI standards, tight communications)

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Objective of Audit

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Audit is aimed at assessing at national level whether the management and control processes of PDM Information Systems are in place

Assessed Entities:

- Debt Management Agency / Office / Department

- Ministry of Finance

- Treasury

- National Bank, etc.

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Ground for Audit

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Common Programme for the Coordinated Parallel PDM Information Systems Audit (previously approved by participating SAIs)

Existing Guides in Use:

- Practical Guide for Auditing PDM ( IDI-WGPD )

- Roadmap Propositions of Evaluation on IS Related to PDM ( Brazilian SAI )

- IT Audit Guidelines ( ASOSAI )

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Audit Scope & Methodology

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Areas for Audit:- IT System Strategy & General Management- Security & Environmental Controls- Operational Controls & Documentation- Application Controls

Developing of Study Design Matrix (or Checklist) Different Methods Applied (examinations, testing

of controls, interviews and questionnaires)

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Joint Audit Report Content

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Summary of Conclusions and RecommendationsI. IntroductionII. Comparative Analysis of Audit Findings (to be

considered)III. Summaries of National Reports on Audit

Observations and Findings3.1. SAI of…3.2. SAI of …Addressees

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Timeframe

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Middle-term Audit Project (two or three years depending on a number of the participating SAIs)

Flexibility for carrying out national audits Timetable will be annexed to the Common Audit

Programme A face-to-face ceremony of approval of the Final

Joint Audit Report (to be considered)

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Subsequent Steps

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To get a formal consent from the interested SAIs-WGPD members of joining the project (before 30 November 2012)

To prepare the Common Programme for Coordinated Parallel PDM Information Systems Audit (drafting is responsibility of the Ukrainian SAI)

The ACU will be proud to host a kick-off meeting in Ukraine in May 2013 (to be confirmed)

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Contacts

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Project Support:Mr. Andrii Mamyshev, Deputy Director of Public Debt, International Activity and Financial Institutions Audit Departmentmamav@ac-rada.gov.ua

Liaison Support:Mr. Taras Prytula, Head of International Cooperation Departmentptm@ac-rada.gov.ua +38-044-235-43-47