PSC INTOSAI Professional Standards Committee Due process Initial assessment Project Proposal Drafting by project group/ Subcommittee Exposure Draft Approval (1) by PSC / CBC / KSC SteerCom Endors- ment version (Preliminary drafts) Public Exposure (90 days minimum) Confirmation by Governing Board Endorsement by INCOSAI ISSAI / INTOSAI GOV All comments published Maintenance responsibillity Monitoring and regular reviews Classification by PSC Chair Approval (3) by PSC / CBC / KSC SteerCom Approval (2) by PSC / CBC / KSC SteerCom

PSC INTOSAI Professional Standards Committee PSC SC Sub com KSC SC Sub com CBC SC Sub com 

ISSAI 10 The Mexico Declaration on SAI Independence ISSAI 12 Value and benefits of SAIs ISSAI 20 Principles of Transparency and Accountability ISSAI 30 Code of Ethics ISSAI 40 Quality Control for SAIs ISSAI 1 The Lima Declaration General auditing guidelines: ISSAI Financial Audit 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 Guidelines on Audit of Disaster-related Aid ISSAI Guidelines on Peer Reviews Prerequisites for the functioning of SAIs Fundamental Auditing Principles Auditing guidelines The International Standards of Supreme Audit Institutions (ISSAI) Founding Principles ISSAI 100 Fundamental Principles of Public-Sector Auditing ISSAI 200 Fundamental Principles of Financial Auditing ISSAI 300 Fundamental Principles of Performance Auditing ISSAI 400 Fundamental Principles of Compliance Auditing INTOSAI GOV Internal Control INTOSAI GOV Accounting Standards INTOSAI Guidance for Good Governance

International Standards of Supreme Audit Institutions (ISSAI) Source/maintenance responsibility: Older INTOSAI documents Endorsed 2007 Endorsed 2010 Endorsement 2013 Total Professional Standards Committee - ad hoc groups: - subcommittees: - practice notes to ISAs: Knowledge Sharing Committee Capacity Building Committee Total78

INTOSAI Guidance for Good Governance (INTOSAI GOVs) Source/maintenance responsibility: Older INTOSAI documents Endorsed 2007 Endorsed 2010 Endorsement 2013 T Total Professional Standards Committee Knowledge Sharing Committee Capacity Building Committee Total10

INTOSAI’s professional standards = 78 ISSAIs and 10 INTOSAI GOVs

PSC INTOSAI Professional Standards Committee

PSC INTOSAI Professional Standards Committee Estimated annual costs 1,969,000 euros Maintenance of Professional Standards approved by 2013

PSC INTOSAI Professional Standards Committee

PSC INTOSAI Professional Standards Committee PSC SC Sub com KSC SC Sub com CBC SC Sub com 

PSC INTOSAI Professional Standards Committee Due process Initial assessment Project Proposal Drafting by project group/ Subcommittee Exposure Draft Approval (1) by PSC / CBC / KSC SteerCom Endors- ment version (Preliminary drafts) Public Exposure (90 days minimum) Confirmation by Governing Board Endorsement by INCOSAI ISSAI / INTOSAI GOV All comments published Maintenance responsibillity Monitoring and regular reviews Classification by PSC Chair Approval (3) by PSC / CBC / KSC SteerCom Approval (2) by PSC / CBC / KSC SteerCom

PSC INTOSAI Professional Standards Committee Due process Initial assessment Project Proposal Drafting by project group/ Subcommittee Exposure Draft Approval (1) by PSC / CBC / KSC SteerCom Endors- ment version (Preliminary drafts) Public Exposure (90 days minimum) Confirmation by Governing Board Endorsement by INCOSAI ISSAI / INTOSAI GOV All comments published Maintenance responsibillity Monitoring and regular reviews Classification by PSC Chair Approval (3) by PSC / CBC / KSC SteerCom Approval (2) by PSC / CBC / KSC SteerCom A common forum for the Framework of Professional Standards

- but reemphasize the value circle Sustainable professional standard-setting Promote capacity development across regions based on standards Coordinated development and sharing of knowledge Model organistation (goal 4) Professional Standards (goal 1) Institutional Capacity Building (goal 2) Knowledge Sharing/Knowledge Services (goal 3)

PSC SC Sub com KSC SC Sub com CBC SC Sub com Professional standards framework (including competency framework ) Capacity development, implementation and certification Knowledge sharing, knowledge development and verification Tasks of the three Steering Committees: Approval of professional standards Roll-out of professional standards Coordination of WG

Professional standards framework (including competency framework ) Capacity development, implementation and certification Knowledge sharing, knowledge development and verification Tasks of the three Steering Committees: Approval of professional standards Roll-out of professional standards Coordination of WG Approval of professional standards Roll-out of professional standards Coordination of WG

Goal leader Strategic Goal 1 Goal leader Strategic Goal 2 Goal leader Strategic Goal 3 IDI Regions Providers Coordination IC EA CAS PD PAS FAS WG TF Community of practise Strategic level Content and expertise IT AR Management and Coordination of Professional Matters INCOSAI GBIDI Emerging Issues TF Regional Working Groups General SecretariatIJGAFAC A common forum for the Framework of Professional Standards Common supporting functions Suggested membership : FAC with Goal leaders Observers/Advisers: Common Forum Chair FAS, PAS, CAS chairs Expert representatives

ElementINTOSAIIAASBIIAGAOINTOSAI GOV 9200 Stakeholder inputVery limitedYes OversightFormally yes (GB)Yes (Yes)Yes Deciding on content of standards Formal competencies in 3 SC (PSC, KSC, CBC) Board – IAASB 17 members and full-time chair Board – IIASB Min. 14 members GAO Input from Advisory Council and GAO audit standard team Independent selection procedure for standard-setting body Developing draft standards Project groups and task forces or subcomittees Task Force with IAASB member as team leader. Secr assists drafting Project team w team leader. GAO audit standards team. Standards usually developed w input from a task force and experts Adm supportLimited (PSC secr.) No support to project groups or drafting. Yes Adequate resources should be available FinancingIn-kind No funding of expenses Yes (employees) Adequate resources should be available ImplementationIDI, subcom- mittees, PSC Secr Yes N/A ResponsivenessSome degree…YesSome degreeYes TransparancyYes

Leadership Approval and classification Development of draft professional standards Supporting functions

Leadership Approval and classification Development of draft professional standards Supporting functions Stakeholder input Oversight and final endorsement Relation to the INTOSAI organisation

Leadership Approval and classification Development of draft professional standards Supporting functions Stakeholder input Oversight and final endorsement Relation to the INTOSAI organisation Nomination and appointment

Leadership Approval and classification Development of draft professional standards Stakeholder input Supporting functions Oversight and final endorsement Relation to the INTOSAI organisation Sub Coms Project groups Drafting team Nomination and appointment (goal chairs) (Advisory group) Governing Board INCOSAI TBD – INTOSAI Statutes? TBD – INTOSAI Budget? Common supporting functions …. to be solved A common forum for the Framework of Professional Standards Nomination and appointment

Due process Initial assessment Project Proposal Drafting by project group/ Subcommittee Exposure Draft Approval (1) by PSC / CBC / KSC SteerCom Endors- ment version (Preliminary drafts) Public Exposure (90 days minimum) Confirmation by Governing Board Endorsement by INCOSAI ISSAI / INTOSAI GOV All comments published Maintenance responsibillity Monitoring and regular reviews Classification by PSC Chair Approval (3) by PSC / CBC / KSC SteerCom Approval (2) by PSC / CBC / KSC SteerCom A common forum for the Framework of Professional Standards

PSC SteerCom Com. forum for FPS GB 2015 GB 2016 INCOSAI Framework of PS (2007 doc.) First draft Second draft Final draft First draft Due process Terms of reference CFFPS Progress report on clarification of Framework of Professional Standards CBC KSCFAC Advisory group?

Should we adjust the language throughout the document in terms of replacing all references to ’ISSAIs and INTOSAI GOVs’ with references to ‘ISSAIs and other professional standards’?

Approval of exposure drafts Exposure drafts of the proposed ISSAI or INTOSAI GOV are submitted to the steering committee common forum for approval: The steering committee common forum approves: that the exposure draft fulfils the purpose of the project in line with the directions of the approved project proposal and is of high quality; that any overlaps and inconsistencies in the ISSAI framework in relation to the proposed text have been appropriately addressed, and that the exposure draft can be submitted for public exposure. In case of proposed ISSAIs that will form part of the auditing standards issued by INTOSAI, the common forum further approves: that the exposure draft is fully in accordance with the fundamental principles and concepts of public sector auditing as endorsed in 2013 by INCOSAI through the ISSAI 100 that the proposed requirements are clear and appropriate for the purpose of supporting SAIs in various national settings in their efforts to provide public-sector audits of a high quality that the proposed requirements provides sufficient safeguards to protect the public confidence in audits conducted in accordance with ISSAI