Performance Audit Subcommittee (PAS) recent activities

Maria Lúcia Lima luciafl@tcu.gov.br

Federal Court of Accounts - Brazil

Meeting of the ICS Subcommittee27-28 May 2014, Vilnius/Lithuania

PAS information

• Chair – SAI Brazil• 18 active members• 4 observers

• PAS has the maintenance responsibility for the performance auditing guidelines, which currently include ISSAI 3000 and ISSAI 3100.

7th PAS meeting• Held in Amsterdam on 7-9 April/2014

• Main decision – 4 working groups to review the ISSAI level 4 documents

The “new” level 4 should be approved in 2016 at INCOSAI

14 members present in the meeting

Austria Iran

Brazil Netherlands

Canada Norway

Denmark Sweden

European Court of Auditors United Kingdom

Hungary United States of America

India Tunisia

3 observers – Poland, Institute of Internal Auditors (IIA) and INTOSAI Development Initiative (IDI)

Working groupsWorking group Project Participants SAIs

Standard for PA

Adaptation of the draft standard for PA to the amended drafting conventions – planed to become ISSAI 3000.

Short document with requirements and explanation

Austria, Brazil (team leader), India and USA

New concepts

Central concepts for Performance Auditing – planed to become ISSAI 3100

Building of new concepts (Definition of PA, intended users, subject matter, confidence and assurance, audit approach, audit risk)

Norway and Netherlands (team leader)

Existing concepts

Central concepts for Performance Auditing – planed to become ISSAI 3100.

Reviewing existing material – independence, audit objective, audit scope, audit criteria, communication, skills, supervision, professional judgment and skepticism, quality control, materiality, documentation

Canada (team leader) and Hungary

Guidelines

Performance auditing process – planed to become ISSAI 3200.

Planning - Selection of audit topics and Designing the audit Conducting - Evidence, findings and conclusions

Reporting - Contents of the report, Recommendations, Distribution, Follow-up

Sweden (team leader) and Denmark

Good practices in the PAS

• Cooperation with Compliance Audit Subcommittee (CAS) and Financial Audit Subcommittee (FAS)

• Working groups• Internal due process• Moodle used for sharing information

Any questions?

Thank you for your attention!

Ačiū už dėmesį

Muito obrigada pela atenção!

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