Overview of the INTOSAI Professional Standards Committee

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Overview of theINTOSAI ProfessionalStandards
Committee
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What is?

• INTOSAI
• INCOSAI
• PSC
• ISSAI
• INTOSAI GOV

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INTOSAI

• (International Organization of
• Supreme Audit Institutions)
• Founded in 1953
• Over 180 member SAIs
• (Supreme Audit Institutions)
• Issues international guidelines, develop
  methodologies,
• provides training, promotes the exchange of
  information
• among members
• www.intosai.org

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INCOSAI

• The congress is the supreme organ of INTOSAI and
  is composed of all members.
• Once every three years INTOSAI holds regular
  meetings, which are chaired by the hosting SAI.
  It offers all INTOSAI members an opportunity to
  share experiences, discuss issues, and pass
  resolutions and recommendations to improve
  government accountability worldwide.
• INCOSAI XIX - November 5 to 10, 2007,
• Mexico City, Mexico www.incosai2007.org.mx
  

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Before the Strategic Plan 2005-2010
INCOSAI
INTOSAI Governing Board
Secretary General
Regional Working Groups
IDI
IJGA
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After the Strategic Plan 2005-2010
INCOSAI
INTOSAI Governing Board
Regional Working Groups
Secretary General strategic director
Goal 1 Professional Standards Committee (PSC)
Goal 2 Capacity Building Committee
Goal 3 Knowledge sharing
Goal 4 Finance Administration Committee
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Strategic Goal 1 - Accountability and
Professional Standards (1)

• The overall purpose of the Strategic Goal 1
  is to
• provide an up-to-date framework of
  professional standards that is relevant to the
  needs of the SAIs.
• Expected Benefits
• Capitalizes on INTOSAIs accomplishments to date.
  
• Provides greater focus and attention on
  professional standards.

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Strategic Goal 1 - Accountability and
Professional Standards (2)

• Raises the profile and status of INTOSAIs
  audit-setting process (and participation with
  other standard-setting organizations) within the
  broader accountability community.
• Recognizes and provides the scope for enhanced
  effectiveness of the work on professional
  standards without increasing the level of SAI
  input by rationalizing the committee structure.
• Promotes the adoption and application of
  professional standards consistent with the
  requirements and authorities of SAI and national
  sovereignty.

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The structure of the PSC
PSC
PSC Goal Liaison (Portugal)
PSC Chair (DK)
PSC Steering Committee
PSC Secretariat (DK)
Financial Audit Guidelines Subcommittee (Sweden)
Compliance Audit Subcommittee (Norway)
Internal Control Standards Subcommittee (Belgium)
Subcommittee on SAI Independence (Canada)
Accounting Standards Subcommittee (USA)
Performance Audit Guidelines Subcommittee (Brazil)
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www.psc.rigsrevisionen.dk
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ISSAI (1)
International Standards of Supreme Audit
Institutions

• The International Standards of Supreme Audit
  Institutions consist of all documents endorsed by
  INCOSAI with the purpose of guiding the
  professional standards used by SAIs. This
  includes recommendations on the legal,
  organisational and professional prerequisites as
  well as on the conduct of the auditing and any
  other tasks with which SAIs may be entrusted.
  Where appropriate ISSAI-documents may include
  examples or description of good practices.

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ISSAI (2)
International Standards of Supreme Audit
Institutions

• Each document is given a 1-4 digit ISSAI-number.
• The number of digits indicates at which of
  the following hierarchical level the document
  belongs
• Level 1 Founding Principles
• Level 2 Prerequisites for the functioning of
  Supreme Audit Institutions
• Level 3 Fundamental Auditing Principles
• Level 4 Auditing Guidelines

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INTOSAI Guidance for Good Governance (INTOSAI
GOV)

• INTOSAI Guidance for Good Governance comprise
  documents endorsed by INCOSAI containing guidance
  on internal control, accounting standards and
  other matters within the administrations sphere
  of responsibility. This includes documents with
  the purpose of guiding the SAIs in their
  professional assessment of measures taken by
  administrative authorities or with the purpose of
  guiding administrative authorities and encourage
  good governance.
• The numbers 9000-9999 are reserved for this
  category of documents, and the acronym INTOSAI
  GOV is used instead of ISSAI. With this amendment
  the classification principles apply also to these
  documents.

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Other documents

• Other documents such as reports, glossaries,
  lists of organisations or collections of examples
  for purely inspirational purposes are not
  numbered. They can be included in framework only
  as an annex to the relevant ISSAI or INTOSAI GOV
  document.

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Framework of INTOSAIs standards and guidelines
(1)
International Standards of Supreme Audit
Institutions (ISSAI)
Level 1 Founding principles ISSAI 1 The
Lima Declaration
Level 2 Prerequisites for the functioning of
SAIs ISSAI 10 Independence to be adopted at
INCOSAI 2007 ISSAI 20 Code of Ethics
existing ISSAI 30 Transparency and
Accountability planned ISSAI 40 reserved for
future codes ISSAI 50 reserved for future
codes ISSAI 60 reserved for future codes ISSAI
70 reserved for future codes ISSAI 80 reserved
for future codes ISSAI 90 reserved for future
codes
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Framework of INTOSAIs standards and guidelines
(2)
Level 3 Fundamental Auditing Principles
ISSAI 100 Basic Principles existing in
INTOSAI Auditing Standards ISSAI 200 General
Standards existing in INTOSAI Auditing
Standards ISSAI 300 Field Standards existing in
INTOSAI Auditing Standards ISSAI 400 Reporting
Standards existing in INTOSAI Auditing
Standards ISSAI 500 reserved for future
principles ISSAI 600 reserved for future
principles ISSAI 700 reserved for future
principles ISSAI 800 reserved for future
principles ISSAI 900 reserved for future
principles
Level 4 Auditing Guidelines ISSAI 1000
2999 Financial Audit Guidelines planned ISSAI
3000 3999 Performance Audit Guidelines
existing and future ISSAI 4000 4999
Compliance Audit Guidelines planned ISSAI 5000
5999 Guidelines on Specific Subjects
existing and planned ISSAI 6000 6999
reserved for future guidelines ISSAI 7000
7999 reserved for future guidelines ISSAI
8000 8999 reserved for future guidelines
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Framework of INTOSAIs standards and guidelines
(3)
INTOSAI Guidance for Good Governance(INTOSAI GOV)

• Guidance onAccounting Standards
• Accounting Standards Frame- work (INTOSAI GOV
  9200)
• Implementation Guides(INTOSAI GOV 9201 9299)

Guidance on InternalControl Standards (INTOSAI
GOV 9100 9199)
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More information on www.issai.org
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• Thank you!
• Roman Smigielski, Senior Auditor
• rs_at_rigsrevisionen.dk