Slide 2.1 & 2.2 Learning Objective Given INTOSAI Auditing Standards & mandates of SAIs, you will be able to apply the mandates and standards to identify instances of non compliance

Slide 2.1 & 2.2 Audit mandate is Auditing – responsibilities, – powers – discretions – duties conferred on a SAI under lawful authority

Slide 2.1 & 2.2 Auditing standards minimum guidance for auditor indicates nature & extent of audit steps that should be applied to fulfill audit objective. # Yardsticks to evaluate quality of audit

Slide 2.1 & 2.2 INTOSAI Auditing Standards General Standards Field Standards Reporting Standards Basic Postulates

Slide 2.1 & 2.2 Basic Postulates Applicability of Standards SAI Judgement Public Accountability Management Responsibility Promulgation of Standards Consistency of Standards Internal Control Access to Data SAI’s Mandate Improving Audit Techniques Conflict of Interest

Slide 2.1 & 2.2 General Standards Independence Competence Due care Others: – Recruit Competent Personnel – Train Employees – Prepare Manuals – Support Skills & Experience

Slide 2.1 & 2.2 Field Standards Planning Supervision & Review Internal Control Compliance with Laws & Regulations Audit Evidence Analysis of Financial Statements

Slide 2.1 & 2.2 Reporting Standards Title / Date / Signature Completeness Subject matter Legal Basis Compliance with Laws & Regulations Timeliness