psc intosai professional standards committee professional standards presentation by: bettina...
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PSCINTOSAI Professional Standards Committee
Professional Standards
Presentation by: Bettina Jakobsen, Chair of the PSC, Assistant
Auditor General of SAI DenmarkThe Exchange
Abu Dhabi 13 – 15 May 2013
PSCINTOSAI Professional Standards Committee
INTOSAI Organisation
PSCINTOSAI Professional Standards Committee
Objective of the PSC
To promote strong, independent, and multidisciplinary SAIs by (1) providing and
maintaining international standards of Supreme Audit Institutions (ISSAIs) and (2)
contributing to the development and adoption of appropriate and effective professional
standards
PSCINTOSAI Professional Standards Committee
But why use professional standards?
• Confidence and trust• Credibility • Quality and consistency• Professionalism
INTOSAI Professional Standards Committee
5
Internal Control
Standards SubcommitteeChair: Poland
Compliance Audit
SubcommitteeChair: Norway
Performance Audit
SubcommitteeChair: Brazil
Financial Audit
SubcommitteeChair: Sweden
Project on Audit Quality
ControlChair: New Zealand
PSCChair: Denmark
PSC Steering CommitteeChair: Denmark
Goal Liaison: Libya
Accounting and Reporting
SubcommitteeChair: Canada
Project on Harmonisation
Chair: PSC Secretariat
PSCINTOSAI Professional Standards Committee
PSC Achievements
• ISSAI website• Adoption of the ISSAI framework • Adoption of 37 new ISSAIs and INTOSAI GOVs • Maintenance frequency agreed and established• Adoption of INTOSAI Due Process for Developing,
Revising and Withdrawing ISSAIs - 2010
PSCINTOSAI Professional Standards Committee
Overview of ISSAI FrameworkLevel 1 - Founding Principles ISSAI 1 The Lima Declaration
Level 2 - Prerequisites for the Functioning of SAIs ISSAI 10 The Mexico Declaration on SAI IndependenceISSAI 20 Principles of Transparency and AccountabilityISSAI 30 Code of EthicsISSAI 40 Quality Control for SAIs
Level 3 - Fundamental Auditing PrinciplesISSAI 100 Basic Principles ISSAI 200 General Standards ISSAI 300 Field StandardsISSAI 400 Reporting Standards
Level 4 - Auditing Guidelines Implementation guidelines: ISSAI 1000–2999 Financial Auditing ISSAI 3000-3999 Performance Audit GuidelinesISSAI 4000-4999 Compliance Audit Guidelines
Level 4 - Auditing Guidelines Guidelines on specific subjects: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 Audit of Disaster-related Aid ISSAI 5600-5699 Peer Review GuidelinesISSAI 5700-5799 Audit of Corruption Prevention
INTOSAI GOV - Guidance for Good GovernanceINTOSAI GOV 9100-9199 Internal Control StandardsINTOSAI GOV 9200-9299 Accounting and Reporting Standards
PSCINTOSAI Professional Standards Committee
INCOSAI 2013
• Presentation of new fundamental auditing principles developed under the Harmonisation Project
• Mandate to develop a sustainable INTOSAI standard-setting model
PSCINTOSAI Professional Standards Committee
The Harmonisation Project
• Established in 2010• Four sub-projects• Involving more than 25 auditors from
the INTOSAI community.• Headed by the PSC Secretariat
PSCINTOSAI Professional Standards Committee
New set-up for professional standard setting in INTOSAI
• Transparent and effective governance system• Systematised approach to developing
standards• Consistency in the use of concepts, wording
and presentation of texts in the individual ISSAIs and across the ISSAI framework
• Centralised monitoring of developments within public sector auditing
PSCINTOSAI Professional Standards Committee
More information on INTOSAI’s standard-setting activities can be found on
• www.intosai.org• www. issai.org• www.psc-intosai.org
Questions?