Transcript Diapositiva 1

WGPD’s contribution to the
XXI INCOSAI
Theme II: The Role of SAIs on Safeguarding Long-term
Sustainability of Fiscal Policies
WGPD Secretariat
11.09.2012 | ASF
Annual meeting of the WGPD
Helsinki, Finland
September 10-12, 2012
Background
62nd Governing Board Meeting, Vienna 2011
SAI of Mexico appointed as Theme officer (Chair)
XXI INCOSAI Theme II
The Role of SAIs on Safeguarding Long-term Sustainability of Fiscal
Policies
Main task
Principal Paper
(Deadline: June 30)
ASF | 2
Background
Principal Paper (key elements):
Questions related to ideas and arguments
expounded in the paper
Objective:
Compilation of SAIs’ views and input
Country Paper:
Participation of INTOSAI members.
Discussion Paper (INCOSAI):
Document containing members’ responses.
ASF | 3
Principal Paper’s content
1. Definition of Debt Financing
a. Fiscal Policy
b. Monetary Policy
c. Public Debt
2. Definition of Public Finance Stability and Sustainability
3. Fiscal Rules, Economic Growth and Development
a. Description
b. Auditing (ISSAIs)
4. Public Revenues
a. Description
b. Auditing (ISSAIs)
5. Budget and Public Expenditure
a. Description
b. Auditing (ISSAIs)
ASF | 4
Principal Paper’s content
6. Public Debt
a. Description
b. Auditing (ISSAIs)
7. Relevance and Evaluation of Internal Control
8. Auditing and Integrality Strategic Planning
9. Effective communication, public value and
benefits of SAIs
ASF | 5
Sources of Information
ASF | 6
Principal Paper’s starting point
Clarity
Definition of
financial
policy and
sustainability
Inclusiveness
regardless
the
development
level
ASF | 7
Integrality in Public Auditing
Propose a wide definition
on three concepts
Relevance of
“integrality” in
public
auditing
Fiscal Revenue and
other Public Incomes
Public Expenditures
Public Debt
ASF | 8
Integrality
Fiscal
Revenue and
other
Incomes
SAIs’
Role
according
to ISSAIs
Public
Expenditure
Public Debt
ASF | 9
SAI’s role
Break down each concept and
outline the role of SAIs in each
one  ISSAIs
Not all SAIs are entitled to
carry out audits in these
concepts
Mandates varies (legal
restrictions on audit scope)
ASF | 10
SAI’s role
ASF | 11
SAI’s role
Rule out the possibility for SAIs to intervene in the design of fiscal
policies
Stress out the relevance for SAIs work result to become an input
for policy makers as one of the main sources of information
Auditing independence
ASF | 12
Public Expenditure
Importance for
SAIs work
Opportune and
timely delivered
Input for members
of Parliament /
Congress
Discussion on
allocation of public
funds as reflected
in public budgets
ASF | 13
Public Debt
ASF | 14
Concepts of fiscal policy
definition
Strong argument for the assessment of
internal control  part of the SAIs work
• Effective way to understand and detect institutional
risks
SAIs role to contribute to long-run
sustainability of fiscal policies
• Relevance of strategic planning of audits
• Conduct audits  revenue-expenditure-debt triad 
generate alerts and suggestions for Congress and
Governement on existing risks
ASF | 15
Principal Paper Content
Necessity for SAIs to:
1. Have a fluent communication and relationship
with Congress / Parlimanet
2. Implement an effective communication policy
3. Consider the application of elements included in
the INTOSAI V&B of SAIs framework  audit result
taken into account and generate a real impact
ASF | 16
WGPD | 17