Transcript Due Process – ISSAIs and INTOSAI GOVs

INTOSAI Working Group
on Public Debt
Chairman’s Report
Mr. Roberto Salcedo Aquino
Representative of the WGPD’s Chair
INTOSAI Working Group on Public Debt
Mexico City, June 14, 2010
Attending SAIs
 Austria
 Brazil
 Fiji
 Finland
 Mexico
 Portugal
 Russian
Federation
 Sweden
 United
States of America
 Zambia
 INTOSAI Development Initiative (IDI)
1. Investigation Themes

Raison d’être of the WGPD  Official
Products
 Goal 1 of the WGPD Strategic Plan
Capacity building and abilities on public
debt auditing
 Status of current investigations
Kyiv meeting 2009  10 investigation
themes
Two possible products for the XX
INCOSAI
1. Investigation Themes
 “Public
Debt Indicators”
 Translated
into the 5 INTOSAI official
languages
 Currently being edited and exposed to
INTOSAI Community
 ISSAI 5423
1. Investigation Themes (2)
 “Impact
of Financial Crisis on Public Debt”
 Still requires validation of contents
updating  impact of the global financial
crisis on public debt profiles
 GAO’s representative will inform about
its updating
1. Investigation Themes (3)

Five Projects on Public Debt issues
 Public Debt Management Office
 Contingent debt
 Assessment of human resources employed
in debt contracting
 Risk assessment and reduction of probable
effects on debt structure
 Governmental support during the financial
crisis: impacts on public debt and potential
roles of SAIs
1. Investigation Themes (4)
 New
Standards on development and
approval of ISSAIs and INTOSAI GOVs
 Currently
under
analysis
and
development (Steering Committee of
Professional Standards)
be discussed by the 60th INTOSAI
Governing Board Meeting
 To
 Endorsed
by the XX INCOSAI
1. Investigation Themes (5)
 New
Standards on development and
approval of ISSAIs and INTOSAI GOVs
will ensure:
 Transparency
of their development
 Accountability
before
the
INTOSAI
community
 Consistency
products
and High Quality of the
1. Investigation Themes (6)
Regulatory frame implies a more thorough
process
 The more advanced investigation themes will
be able to undergo the process

 Presentation
of WGPD Official Products for
the XX or XXI INCOSAI

The SAI of Mexico will present an overview of
this process
1. Investigation Themes (7)
 Three
investigation themes for further
development
 Evaluation
on information systems
related to public debt management
 Extraordinary
income analysis and its
use to ameliorate external public debt
 Public
bidding and adjudication for the
recruitment of agents, bond and stock
brokers
2. INTOSAI & WGPD Strategic Plan (1)

INTOSAI’s Strategic Plan 2011-2016:
 More rigorous process for ISSAIs and
INTOSAI GOVs
 Fully
review of those created by
Subcommittees, Working Groups and Task
Forces
 Revision of all INTOSAI structures and
their efforts
 To be analyzed and endorsed during the
XX INCOSAI
2. INTOSAI & WGPD Strategic Plan (2)
 WGPD
Official Products revision
 Comments
and suggestions on our
official products
 Input
for Team Leaders
2. INTOSAI & WGPD Strategic Plan (3)
 WGPD’s
Strategic
benchmarks:
 Submission
Plan
2011-2016
and endorsement of the SP
coverage period  INTOSAI’s
Strategic Plan
 Updated Terms of Reference (endorsed
in Kyiv, 2009)
 Analog
2. INTOSAI & WGPD Strategic Plan (4)

WGPD’s
Strategic
benchmarks (2):
 IDI input
Plan
2011-2016

Building
professional
institutional capabilities
skills
and

Dissemination of knowledge

Design of training programs on Public
Debt Auditing
3. WGPD Terms of Reference (1)
 In
force since October 2009
 Endorsed
during the 59th Governing Board
Meeting
 To
be presented to the Steering
Committee of Goal 3 in August 2010
 To
be endorsed by the XX INCOSAI in
November 2010
3. WGPD Terms of Reference (2)
 ToR
include:
 Adjustments regarding to membership
status
 New oversight bodies (Goal 3 Steering
Committee and Plenary Committee)
 Activities, rights and responsibilities for
the Chair, Theme Leaders and meeting
hosting SAIs
 Rules for WGPD’s bodies, sub-groups
and Task Forces
4. WGPD website

WGPD website
 Continuous
contents updating
 Directory of members
 Audit reports
 Publications
 Working materials
 SAI of Mexico  presentation on WGPD
administrative matters
5. Group of Experts on Public Debt
 At
request of IDI in 2008  Group of
WGPD Experts List:
 Updated
 Can
(15 WGPD members to date)
be consulted on the WGPD website
6. WGPD Participation in Training Programs
 Active
participation of the GAO and the
SAI of Portugal on Capacity Building
 Trans-Regional
Program on Public Debt
Management Auditing
 Presentation
by the IDI
7. INTOSAI Glossary of Auditing Terms Project
 To
be presented in the XX INCOSAI
 Terminology
available on the 5 INTOSAI
official languages
 Contents
have been integrated, refined,
updated and classified by topic by the SAI
of Mexico
 Developed
as an Internet-based tool