PSC INTOSAI Professional Standards Committee News from the PSC Nanna Schnipper The PSC Secretariat

ISSAI 10 The Mexico Declaration on SAI Independence ISSAI 20 Principles of Transparency and Accountability ISSAI 30 Code of Ethics ISSAI 40 Quality Control for SAIs ISSAI 1 The Lima Declaration ISSAI 100 Basic Principles ISSAI 200 General Standards ISSAI 300 Field Standards ISSAI 400 Reporting Standards General audit guidelines: ISSAI Financial Auditing Guidelines ISSAI Performance Audit Guidelines ISSAI Compliance Audit Guidelines Specific guidelines: ISSAI International Institutions ISSAI Environmental Audit ISSAI Privatisation ISSAI IT-audit ISSAI Audit of Public Debt ISSAI Audit of Disaster-related Aid ISSAI Peer Reviews Prerequisites for the functioning of SAIs Fundamental Auditing Principles Auditing guidelines The International Standards of Supreme Audit Institutions (ISSAI) Founding Principles Translates the fundamental auditing principles into more specific, detailed operational guidance Express the essence of public sector auditing Prerequisites for the functioning of SAIs The fundamental principles of INTOSAI

ISSAI 10 The Mexico Declaration on SAI Independence ISSAI 20 Principles of Transparency and Accountability ISSAI 30 Code of Ethics ISSAI 40 Quality Control for SAIs ISSAI 1 The Lima Declaration ISSAI 100 Basic Principles ISSAI 200 General Standards ISSAI 300 Field Standards ISSAI 400 Reporting Standards General audit guidelines: ISSAI Financial Auditing Guidelines ISSAI Performance Audit Guidelines ISSAI Compliance Audit Guidelines Specific guidelines: ISSAI International Institutions ISSAI Environmental Audit ISSAI Privatisation ISSAI IT-audit ISSAI Audit of Public Debt ISSAI Audit of Disaster-related Aid ISSAI Peer Reviews Prerequisites for the functioning of SAIs Fundamental Auditing Principles Auditing guidelines The International Standards of Supreme Audit Institutions (ISSAI) – goal for 2013 Founding Principles ISSAI 100 Fundamental principles of public sector auditing ISSAI 200Fundamental principles of financial auditing ISSAI 300Fundamental principles of performance auditing ISSAI 400 Fundamental principles of compliance auditing A New Level 3 – Goal A

PSC INTOSAI Professional Standards Committee The fundamental auditing principles A credible set of standards that can unite INTOSAI A common language for public sector auditing

ISSAI 100 – the common elements of public sector auditing

PSC INTOSAI Professional Standards Committee Making reference to the ISSAIs The authority of the ISSAIs is defined in ISSAI 100, which also explains what it means to comply with the ISSAIs Two options presented in ISSAI 100

PSC INTOSAI Professional Standards Committee Making reference to the ISSAIs Option 1: We conducted our audit in accordance with [national standards] based on (or consistent with) the Fundamental Auditing Principles (ISSAI ) of the International Standards of Supreme Audit Institutions.

PSC INTOSAI Professional Standards Committee Making reference to the ISSAIs Option 2: We conducted our (financial, performance and/or compliance) audit (or audits) in accordance with the International Standards of Supreme Audit Institutions (on financial, performance and/or compliance auditing).

PSC INTOSAI Professional Standards Committee ISSAIs 200, 300 and 400 Defines the key principles for financial, performance and compliance auditing; Define best practice; Can be adopted by the SAIs as authoritative auditing standards if relevant.

PSC INTOSAI Professional Standards Committee Level 4 Editorial consequences for the auditing guidelines at level 4 (ISSAIs ) The project group has developed a set of drafting conventions to ensure uniform use of concepts and writing style

PSC INTOSAI Professional Standards Committee PSC Achievements so far… A complete ISSAI Framework SAI’s use the ISSAIs as a foundation for their audit work. INTOSAI’s members and external stakeholders have expectations to the ISSAIs’ quality and relevance

PSC INTOSAI Professional Standards Committee PSC Challenges ahead… It is essential that INTOSAI strengthens its position as an internationally recognized standard-setter It is necessary that the PSC has the needed capacity and process to ensure the quality and credibility of the ISSAIs.

PSC INTOSAI Professional Standards Committee PSC Challenges ahead… Business as usual may have negative consequences for the quality of the ISSAI Framework It takes commitment to be a credible standard-setter.

PSC INTOSAI Professional Standards Committee News from the Chair MoU with IFAC and IIA is up for renewal New appointments Withdrawal of ISSAI GOVs 9200, 9210, 9220 and Changes in the Subcommittees

PSC INTOSAI Professional Standards Committee News from the Chair Establishment of maintenance reviews for all ISSAIs and INTOSAI GOVs  Review of ISSAI 30 Code of Ethics starting late 2013/early 2014  Review of level 4 ( ) starting 2014

PSC INTOSAI Professional Standards Committee Thank you