Transcript PowerPoint-presentasjon

Compliance Audit Subcommittee
The history of CAS
From 2004 to 2014
XII Annual meeting, Oslo
17th - 18th of September 2014
Where everything started
Budapest 10 October 2004
Working group on Compliance Audit
Origins of the committee
An audit
A systematic process of objectively obtaining
and evaluating evidence to determine whether
information or actual conditions conform to
established criteria.
ISSAI 100 paragraph 18
Public sector auditing telling its
own story
Which mean that it:
• Departs from mandates and the accountability
of public sector entities in the use of public
resources
• Is a part of national democratic systems
• Contributes to good governance
Three Audit types of INTOSAI
Compliance audit
Compliance with authorities
Financial
audit
The
reliability of
financial
reporting
Performance
audit
Economy
Efficiency
Effectiveness
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Financial Audit
Determining whether an entity’s financial
information is presented in accordance with the
applicable financial reporting and regulatory
framework.
ISSAI 200 para.4
8
Performance audit
As carried out by SAIs, performance auditing is an
independent, objective and reliable examination of
whether government undertakings, systems,
operations, programs, activities or organizations are
operating in accordance with the principles of
economy, efficiency and effectiveness and whether
there is room for improvement.
ISSAI 300 para. 9
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Compliance audit
The independent asessment of whether a given
subject matter is in compliance with applicable
authorities identified as criteria. ISSAI 400 paragraph 12
Meaning:
Compliance auditing is performed by assessing whether
activities, financial transactions and information are in all
material respect, in compliance with the authorities which
govern the audited entity.
ISSAI 400 para. 12
What are they looking for?
Financial audit:
Material misstatements in financial
statements?
Audit objective:
Is it in compliance with?
Subject
matter
Is it economic, efficient and
effective?
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ISSAI 100/400 – elements
The Compliance Audit Guidelines
- endorsed by INCOSAI in South Africa 2010
 ISSAI 4000 - General introduction
to compliance audit
 ISSAI 4100 - deals with
compliance audit performed
separately from the audit of
financial statements, for example
as a separate audit task or related
to performance audit
 ISSAI 4200 - deals with
compliance audit related to the
audit of financial statements
Written as consistent, stand-alone
documents
PSC
INTOSAI Professional Standards Committee
Maintenance of ISSAI 4000 series:
2014
Project
proposal to
the PSC
steering
committee
2015
Exposure draft
to the PSC steering
committee.
2016
Endorsement version to
the PSC steering
committee, the governing
board and INCOSAI