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PSCINTOSAI Professional Standards Committee
Harmonisation of ISSAIs – Revision of the Fundamental Auditing
Principles
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Fundamental Auditing Principles
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- a credible set of standards
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ISSAI 100 Fundamental Principles of Public Sector Auditing
ISSAI 200 Fundamental Principles of Financial Auditing
ISSAI 300 Fundamental Principles of Performance Auditing
ISSAI 400 Fundamental Principles of Compliance Auditing
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ISSAI 10 The Mexico Declaration on SAI IndependenceISSAI 20 Principles of Transparency and AccountabilityISSAI 30 Code of EthicsISSAI 40 Quality Control for SAIs
ISSAI 1 The Lima Declaration
ISSAI 100 Basic Principles ISSAI 200 General Standards ISSAI 300 Field StandardsISSAI 400 Reporting Standards
General auditing guidelines:ISSAI 1000-2999 Financial Auditing Guidelines ISSAI 3000-3900 Performance Audit GuidelinesISSAI 4000-4999 Compliance Audit Guidelines
Specific guidelines:ISSAI 5000-5099 International InstitutionsISSAI 5100-5199 Environmental AuditISSAI 5200-5299 PrivatisationISSAI 5300-5399 IT-auditISSAI 5400-5499 Audit of Public Debt ISSAI 5500-5599 Guidelines on Audit of Disaster-related AidISSAI 5600-5699 Guidelines on Peer Reviews
Prerequisites for the functioning of SAIs
Fundamental Auditing Principles
Auditing guidelines
The International Standards of Supreme Audit Institutions (ISSAI)
Founding Principles
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A new flagship for INTOSAI
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A new foundation for the ISSAIs
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A common language for the profession
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How ISSAIs can be refered to
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A new flagship for INTOSAI
A new foundation for the ISSAIs
A common language for all
How ISSAIs can be refered to
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The SAI
IFAC
INTOSAI
Regional
IIA
Other CountriesNational privat sector auditing
National boards
EU
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unite INTOSAI….
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1216
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USA
Mexico
Brazil
Denmark
NorwaySweden
AustriaSlovakia
South Africa
India
China
UKECA
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Improvement of the full set of ISSAIs
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PSCINTOSAI Professional Standards Committee
OverviewProposals from the project group
1) Approval of the Endorsement Versions (EV):• EV ISSAI 100• EV ISSAIs 200, 300 and 400
2) Proposal on Drafting conventions for auditing guidelines
Further issues
3) The maintenance frequency• ISSAI 100• ISSAIs 200, 300 and 400
4) A ‘transition period’ for SAIs that wish to refer to the old ‘INTOSAI Auditing Standards’ after 2013
5) Consequences for the Introduction to the ISSAI Framework6) Dissolving the project group
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PSCINTOSAI Professional Standards Committee
OverviewProposals from the project group
1) Approval of the Endorsement Versions (EV):• EV ISSAI 100• EV ISSAIs 200, 300 and 400
2) Proposal on Drafting conventions for auditing guidelines
Further issues
3) The maintenance frequency• ISSAI 100• ISSAIs 200, 300 and 400
4) A ‘transition period’ for SAIs that wish to refer to the old ‘INTOSAI Auditing Standards’ after 2013
5) Consequences for the Introduction to the ISSAI Framework6) Dissolving the project group
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EV ISSAI 100
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EV ISSAI 200
EV ISSAI 300EV ISSAI 400
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PSCINTOSAI Professional Standards Committee
OverviewProposals from the project group
1) Approval of the Endorsement Versions (EV):• EV ISSAI 100• EV ISSAIs 200, 300 and 400
2) Proposal on Drafting conventions for auditing guidelines
Further issues
3) The maintenance frequency• ISSAI 100• ISSAIs 200, 300 and 400
4) A ‘transition period’ for SAIs that wish to refer to the old ‘INTOSAI Auditing Standards’ after 2013
5) Consequences for the Introduction to the ISSAI Framework6) Dissolving the project group
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PSCINTOSAI Professional Standards Committee
OverviewProposals from the project group
1) Approval of the Endorsement Versions (EV):• EV ISSAI 100• EV ISSAIs 200, 300 and 400
2) Proposal on Drafting conventions for auditing guidelines
Further issues
3) The maintenance frequency• ISSAI 100• ISSAIs 200, 300 and 400
4) A ‘transition period’ for SAIs that wish to refer to the old ‘INTOSAI Auditing Standards’ after 2013
5) Consequences for the Introduction to the ISSAI Framework6) Dissolving the project group
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PSCINTOSAI Professional Standards Committee
No maintenanceISSAI 1 – The Lima Declaration
15 years:ISSAI 10 - Mexico Declaration on SAI IndependenceISSAI 20 - Principles of Transparency and AccountabilityISSAI 30 – Code of Ethics
9 years:ISSAI 40 - Quality Control for SAIs
ISSAI 11 - INTOSAI Guidelines and Good Practices Related to SAI IndependenceISSAI 21 - Principles of Transparency - Good Practices
5 years:ISSAIs 1000-5999 Auditing Guidelines
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PSCINTOSAI Professional Standards Committee
2013 – ISSAI 30 Code of Ethics12 guidelines in the ISSAI 5000-5999 series
2014 – ISSAIs 1000-1999 Financial audit guidelinesISSAIs 3000, 3100 Performance audit guidelines8 guidelines in the ISSAI 5000-5999 series
2016 – ISSAIs 4000, 4100, 4200 Compliance audit guidelinesISSAI 11 Good Practices related to SAI Independence
2018 – A number of guidelines in the ISSAI 5000-5999 series 2019 – ISSAI 40 Quality Control for SAIs
ISSAI 21Principles of Transparency - Good Practices(Financial audit guidelines)(Performance audit guidelines)A number of guidelines in the ISSAI 5000-5999 series
2021 – (Compliance audit guidelines)2022 – ISSAI 10 The Mexico Declaration on SAI Independence
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PSCINTOSAI Professional Standards Committee
OverviewProposals from the project group
1) Approval of the Endorsement Versions (EV):• EV ISSAI 100• EV ISSAIs 200, 300 and 400
2) Proposal on Drafting conventions for auditing guidelines
Further issues
3) The maintenance frequency• ISSAI 100• ISSAIs 200, 300 and 400
4) A ‘transition period’ for SAIs that wish to refer to the old ‘INTOSAI Auditing Standards’ after 2013
5) Consequences for the Introduction to the ISSAI Framework6) Dissolving the project group
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PSCINTOSAI Professional Standards Committee
OverviewProposals from the project group
1) Approval of the Endorsement Versions (EV):• EV ISSAI 100• EV ISSAIs 200, 300 and 400
2) Proposal on Drafting conventions for auditing guidelines
Further issues
3) The maintenance frequency• ISSAI 100• ISSAIs 200, 300 and 400
4) A ‘transition period’ for SAIs that wish to refer to the old ‘INTOSAI Auditing Standards’ after 2013
5) Consequences for the Introduction to the ISSAI Framework6) Dissolving the project group
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PSCINTOSAI Professional Standards Committee
OverviewProposals from the project group
1) Approval of the Endorsement Versions (EV):• EV ISSAI 100• EV ISSAIs 200, 300 and 400
2) Proposal on Drafting conventions for auditing guidelines
Further issues
3) The maintenance frequency• ISSAI 100• ISSAIs 200, 300 and 400
4) A ‘transition period’ for SAIs that wish to refer to the old ‘INTOSAI Auditing Standards’ after 2013
5) Consequences for the Introduction to the ISSAI Framework6) Dissolving the project group