Transcript PowerPoint-presentation

Auditing Standards and Ethics
an INTOSAI Perspective
The Role of INTOSAI
• Promote the exchange of ideas and
experiences, in the field of government
auditing, among SAIs
• Standards and guidelines are not
mandatory due to the independence of SAIs
• Committees and Working Groups as forum
for cooperation on professional issues
Guidance Material to provide
Practical Assistance for Auditors
• Implementing Guidelines for Performance
Auditing Standards – to be approved by
XVIII INCOSAI 2004
• Guidelines for Financial Audit to be
developed by INTOSAI Auditing Standards
Committee in cooperation with IFAC
Cooperation between INTOSAI
and IFAC
• Participate in task forces working with the
review and development of IFAC
International Standards of Auditing (ISA)
• Contribute with Public Sector Perspective
• Develop additional guidelines for areas
which are not the primary responsibility of
IFAC
Why develop auditing standards?
An essential element in building
understanding of and confidence
in the audit process
Comprehensive set of standards
and guidelines in four levels
•
•
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The Lima Declaration
The Code of Ethics
The Auditing Standards
Guidance material to provide practical
assistance
Independence of SAIs
• Task Force on SAI Independence 1998-2001
• Sub-Committee on SAI Independence under
the INTOSAI Auditing Standards Committee
created 2001
• Draft Application Provisions of Core Principles
distributed among INTOSAI members for
consideration
Project Structure for the development
of guidelines for Financial Auditing
INTOSAI
Auditing Standards Committee
Chaired by Swedish National Audit Office
(28 members)
Working Group on Financial Audit Guidelines:
Chaired by Swedish National Audit Office
Members: Austria, Canada, Cameroon, Namibia,
Norway, United Kingdom, United States
Project Secretariat
Reference Panel
Reference Panel
Qualifications and experience:
• University degree or equivalent
• Long practical experience in auditing
• Experience in standard setting
• Very good knowledge of English
Project Secretariat
Roles and responsibility:
• Supporting the Working Group
• Priorities and allocation of work to
Reference Panel
• Propose work plan
Continued work
• Joint IFAC-INTOSAI ASC statement produced
and approved as basis for the cooperation
• ASC working group develops ways of
contributing to work on IFAC standards
• Auditing Standards Committee, meeting in
Bratislava in September
•INTOSAI Congress in Budapest 2004