PSC Meeting June 2013 Jonas Hällström FAS Director FAS Progress report PSC Meeting June 2013 Jonas Hällström FAS Director [Start by introducing yourself] I have been asked by the INTOSAI Financial Audit Subcommittee to give you an introduction to the INTOSAI Financial Audit Guidelines. I will explain what they are, what they cover and how you can use them.

Work Plan 1. Maintenance and continued development of ISSAIs on Financial Audit 2. Awareness raising 3. Contribution to the consistency in the ISSAI framework 4. Explore the need for other standards 5. Summarize lessons learnt 6. Monitor implementation

Main focuses during the last year Harmonization Project and ISSAI 200 has been main focus for the last year Considerable resources has been devoted to the project On going work with ISA/PN Identification of possible changes in existing ISSAIs Participation in seminars Support to IDI

Developing new or updated ISSAIs Sweden, US and assisted by SA PN 1610 New PN discussed at last FAS meeting, will be up for the FAS meeting in September PN 1720 Work in Progress

Maintenance FAS secretariat has started to identify and examine all necessary changes in the financial Audit guidelines. Such changes may be initiated due to; Revisions or conforming changes in the ISAs after 2010 Revisions as a consequence of the new ISSAIs on level 3 (ISSAI 200) Amendments based on comments provided ad hoc from INTOSAI members or identified by the secretariat All such needs for changes will be listed for FAS consideration of timing