PSC INTOSAI Professional Standards Committee Raising awareness of the ISSAIs and INTOSAI GOVs...
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Transcript of PSC INTOSAI Professional Standards Committee Raising awareness of the ISSAIs and INTOSAI GOVs...
PSCINTOSAI Professional Standards Committee
Raising awareness of the ISSAIs and INTOSAI GOVs
Presentation by (name and title)(venue and date)
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The Professional Standards Committee (PSC) structure and tasks
PSCINTOSAI Professional Standards Committee
Content
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INTOSAI INTOSAI INTOSAI
INTOSAI
ISSAI framework
Implementation
PSCINTOSAI 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)
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PSCINTOSAI 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.
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PSCINTOSAI Professional Standards Committee
The South Africa DeclarationXX 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.
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The Professional Standards Committee (PSC) structure and tasks
PSCINTOSAI Professional Standards Committee
Content
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INTOSAI INTOSAI INTOSAI
INTOSAI
ISSAI framework
Implementation
PSCINTOSAI Professional Standards Committee
Professional Standards Committee (PSC)
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ObjectivesPromote 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
PartnersThe PSC is working together with other international, recognized standard-setting bodies:
• The International Federation of Accountants (IFAC)• The Institute of Internal Auditors (IIA)
PSCINTOSAI Professional Standards Committee
Professional Standards Committee (PSC) organisation
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Project on Transparency and
AccountabilityChair: France
Financial Audit
SubcommitteeChair: Sweden
Performance Audit
SubcommitteeChair: Brazil
Compliance Audit
SubcommitteeChair: Norway
Internal Control Standards
SubcommitteeChair: Poland
Accounting and Reporting
SubcommitteeChair: Canada
PSCChair: Denmark
PSC SecretariatChair: Denmark
Harmonisation Project
Awareness-Raising
Task Force
Project on Audit Quality
ControlChair: New Zealand
PSCINTOSAI Professional Standards Committee
Content
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INTOSAI INTOSAI INTOSAI
INTOSAI
ISSAI framework
Implementation
The Professional Standards Committee (PSC) structure and tasks
PSCINTOSAI Professional Standards Committee
Overview of the ISSAI framework (1)
Level 1 - Founding Principles ISSAI 1 The Lima Declaration
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PSCINTOSAI Professional Standards Committee
Overview of the ISSAI framework (2)
Level 2 - Prerequisites for the Functioning of SAIs ISSAI 10 The Mexico Declaration on SAI IndependenceISSAI 11 Guidelines and Good Practices related to SAI Independence ISSAI 20 Principles of Transparency and AccountabilityISSAI 21 Principles of Transparency and Accountablity –
Good PracticesISSAI 30 Code of EthicsISSAI 40 Quality Control for SAIs
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PSCINTOSAI 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
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PSCINTOSAI 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 GuidelinesISSAI 4000-4999 Compliance Audit Guidelines
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PSCINTOSAI Professional Standards Committee
Overview of the ISSAI framework (4)
Level 4 - Auditing Guidelines Specific guidelines: ISSAI 5000-5099 International InstitutionsISSAI 5100-5199 Environmental AuditISSAI 5200-5299 PrivatisationISSAI 5300-5399 IT-auditISSAI 5400-5499 Audit of Public Debt ISSAI 5500-5599 Audit of Disaster-related AidISSAI 5600-5699 Peer Review Guidelines
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PSCINTOSAI Professional Standards Committee
Overview of the ISSAI framework (6)
INTOSAI GOV - Guidance for Good GovernanceINTOSAI GOV 9100-9199 Internal Control StandardsINTOSAI GOV 9200-9299 Accounting and Reporting Standards
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PSCINTOSAI 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.
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The Professional Standards Committee (PSC) structure and tasks
PSCINTOSAI Professional Standards Committee
Content
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INTOSAI INTOSAI INTOSAI
INTOSAI
ISSAI framework
Implementation
PSCINTOSAI 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
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PSCINTOSAI Professional Standards Committee
AdoptionAspects 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.
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PSCINTOSAI 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.
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PSCINTOSAI 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.
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PSCINTOSAI Professional Standards Committee
Implementation steps
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Awareness
Sustaining results
Applying
Learning
Priority needs
PSCINTOSAI Professional Standards Committee
Implementation
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Long term process
Methodology
Operational
Be realistic
PSCINTOSAI Professional Standards Committee
www.issai.org
•Official website providing access to all ISSAIsand INTOSAI GOVs
•Free E-mail Update Service providing info on latest developments in the ISSAI framework
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