Survey on the Impact of the Working Group on Public Debt (WGPD)Annual Meeting of the WGPD Helsinki, FinlandSeptember 10-12, 201211.09.2012 | ASFWGPD Secretariat

Introduction

The original survey was launched by the former Public Debt Committee in 2005.

The Objective was to identify the impact of the WGPDs work on the INTOSAI community.ASF | *

Results of the Original Survey

Submission to all INTOSAI members

Answers from 50 countries (13 WGPDs members)ASF | *

Survey Results

Questions included in the 2005 Survey, as well as the main results.ASF | *

Survey ResultsAnswer rate by Regional W. GroupASF | *

ASF | *Survey ResultsQ1 Are you acquainted with any of the PDCs official products?

ASF | *Survey ResultsQ2 Which of the products do you know?

ASF | *Survey ResultsQ3 Where did you learn about the PDCs products?

Survey ResultsQ4 Has your SAI made use of any of these documents for your auditing work?ASF | *

ASF | *Survey ResultsQ5 Please specify which products have been used by your SAI:

ASF | *Survey ResultsQ6 Please describe the specific use of the PDCs products:

ASF | *Survey ResultsQ7 Please describe the impact of these documents on your regular auditing work:

ASF | *Survey ResultsQ8 Have you recommended these publications to Governmental Agencies or Nongovernmental Organizations of your country?Q9 Please name the agencies you have recommended these publications:The Ministry of Finance is the principal agency to which SAIs have recommended the aforementioned WGPD (PDC) publications.

Public Debt ManagementGuidance on financial instruments and their disclosure:Implications for public debt auditingThe best management practices (including loaning riskmanagement), monitoring, assessment, forecasting and audit of the public debtObjects (Aims) of Public Debt Management in different countriesBest practices on the use of Asset and Liability Management in different countriesPotential accounting and reporting reforms in cooperation with INTOSAI PSC.Substantive procedures on public debt auditingASF | *Survey ResultsQ10 Do you have any suggestion on the issues that should be included in the PDCs products?

ASF | *Survey ResultsQ11 How often do you visit the PDC Website?

Hyperlinks to documents and other websites useful for debt auditors past audits performed by other SAIscases studies, academic articles International Agencies (IMF, WB, OECD...)drafts of PDC materials before they are approvedThe web page should be more friendly, dynamic and interactiveASF | *Survey ResultsQ12 Do you have any suggestions /comments /observations on the information that should be included in the PDC Website?

ASF | *Survey ResultsQ13 Does your SAI have any development or practice related to public debt auditing that could be useful for the INTOSAI community?

ASF | *Survey ResultsQ14 Do you consider the PDC to be the appropriate forum to share this knowledge within the INTOSAI community?

Conclusions of the 1st SurveyThe results of the Survey showed that the former Committees work was valuable; nevertheless we had to be more aggressive in order to disseminate our products among INTOSAI.

The PDC products were regarded as important inputs and references for sound audit practices; therefore we had to maintain the quality of our documents.

Even though the PDC Website had been used as the main access to our work, it was clear that its complete overhaul was needed.ASF | *

INTOSAI members showed interest in specific topics, such as:Fiscal risk on public debt, public pensions systems, public-private partnerships, risks on public debtCompilation of practical materials including examples on conduction of public debt auditsSubstantive procedures on public debt auditing

Some investigations were conducted based on the INTOSAI members feedback.Conclusions of the 1st Survey

PROPOSAL Launching of an updated survey in order to:

a) Identify the impact of the WGPDs products,b) Obtain valuable feedback to appropriatly outline the WGPDs strategy.

WGPD | *

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