Raising awareness of the ISSAIs and INTOSAI GOVs

Presentation by (name and title) (venue and date) PSC INTOSAI Professional Standards Committee 1

Implementation 4

Content

1 INTOSAI INTOSAI ISSAI framework 3 2 The Professional Standards Committee (PSC) structure and tasks PSC INTOSAI Professional Standards Committee 2

PSC INTOSAI Professional Standards Committee 3

INTOSAI -

-

Regional Working Groups

OLACEFS AFROSAI ARABOSAI ASOSAI PASAI CAROSAI EUROSAI Organization of Latin American and Caribbean Supreme Audit Institutions (1965) African Organization of Supreme Audit Institutions (1976) Arab Organization of Supreme Audit Institutions (1976) Asian Organization of Supreme Audit Institutions (1978) Pacific Association of Supreme Audit Institutions (1987) Caribbean Organization of Supreme Audit Institutions (1988) European Organization of Supreme Audit Institutions (1990) PSC INTOSAI Professional Standards Committee 4

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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The South Africa Declaration

XX 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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Implementation 4

Content

1 INTOSAI INTOSAI 2 The Professional Standards Committee (PSC) structure and tasks ISSAI framework 3 PSC INTOSAI Professional Standards Committee 7

Professional Standards Committee (PSC)

Objectives

Promote strong, independent and multi-disciplinary SAIs by: • encouraging SAIs to lead by example • contributing to the development and adoption of appropriate and effective professional standards

Partners

The PSC is working together with other international, recognized standard-setting bodies: • The International Federation of Accountants (IFAC) • The Institute of Internal Auditors (IIA) PSC INTOSAI Professional Standards Committee 8

Professional Standards Committee (PSC) organisation

PSC Chair: Denmark PSC Secretariat Chair: Denmark Project on Transparency and Accountability Chair: France Project on Audit Quality Control Chair: New Zealand Harmonisation Project Awareness Raising Task Force Financial Audit Subcommittee Chair: Sweden Performance Audit Subcommittee Chair: Brazil Compliance Audit Subcommittee Chair: Norway Internal Control Standards Subcommittee Chair: Poland Accounting and Reporting Subcommittee Chair: Canada PSC INTOSAI Professional Standards Committee 9

Implementation 4

Content

1 INTOSAI INTOSAI 2 The Professional Standards Committee (PSC) structure and tasks ISSAI framework 3 PSC INTOSAI Professional Standards Committee 10

What is the objective of the ISSAI framework?

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Overview of the ISSAI framework (1)

Level 1 - Founding Principles

ISSAI 1 The Lima Declaration PSC INTOSAI Professional Standards Committee 12

Overview of the ISSAI framework (2)

Level 2 - Prerequisites for the Functioning of SAIs

ISSAI 10 The Mexico Declaration on SAI Independence ISSAI 11 Guidelines and Good Practices related to SAI Independence ISSAI 20 Principles of Transparency and Accountability ISSAI 21 Principles of Transparency and Accountablity – Good Practices ISSAI 30 Code of Ethics ISSAI 40 Quality Control for SAIs PSC INTOSAI Professional Standards Committee 13

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 PSC INTOSAI Professional Standards Committee 14

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 Guidelines ISSAI 4000-4999 Compliance Audit Guidelines PSC INTOSAI Professional Standards Committee 15

Overview of the ISSAI framework (4)

Level 4 - Auditing Guidelines

Specific guidelines:

ISSAI 5000-5099 International Institutions ISSAI 5100-5199 Environmental Audit ISSAI 5200-5299 Privatisation ISSAI 5300-5399 IT-audit ISSAI 5400-5499 Audit of Public Debt ISSAI 5500-5599 Audit of Disaster-related Aid ISSAI 5600-5699 Peer Review Guidelines PSC INTOSAI Professional Standards Committee 16

Overview of the ISSAI framework (6)

INTOSAI GOV - Guidance for Good Governance

INTOSAI GOV 9100-9199 Internal Control Standards INTOSAI GOV 9200-9299 Accounting and Reporting Standards PSC INTOSAI Professional Standards Committee 17

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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Implementation 4

Content

1 INTOSAI INTOSAI 2 The Professional Standards Committee (PSC) structure and tasks ISSAI framework 3 PSC INTOSAI Professional Standards Committee 19

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 PSC INTOSAI Professional Standards Committee 20

Adoption

• • • • • • • Aspects 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 Assessment; peer review; necessary steps before final decision on implementation; resources needed – in-house/external.

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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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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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Implementation steps

Applying Sustaining results Awareness Priority needs Learning PSC INTOSAI Professional Standards Committee 24

Implementation

Long term process Operational Methodology Be realistic PSC INTOSAI Professional Standards Committee 25

www.issai.org

• Official website providing access to all ISSAIs and INTOSAI GOVs • Free E-mail Update Service providing info on latest developments in the ISSAI framework PSC INTOSAI Professional Standards Committee 26

Questions

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