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XIX INTOSAI Congress Mexico Theme I: Management, Accountability and Audit of Public Debt Discussion Paper
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Management, Accountability and Audit of Public Debt
Algeria Central African Republic Austria Bulgaria Fiji Brazil Israel Colombia Finland Germany Japan Kazakhstan Hungary Iraq Belgium Chile Australia Canada Côte d'Ivoire China Ecuador
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Management, Accountability and Audit of Public Debt
Paraguay Netherlands Sao Tome and Principe Kenya Latvia Saudi Arabia Russian Federation Peru Lithuania Uruguay Moldova Sweden Norway Mexico Ukraine United States of America Republic of Korea United Kingdom Malaysia Switzerland
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Management, Accountability and Audit of Public Debt
Introduction Summary of the country papers received The role of SAIs Regularity and compliance audit Performance audit • Transparency and control • Debt strategy and debt portfolio • Risk management • Internal control and IT systems Technical qualification and auditors’ capacity building
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Management, Accountability and Audit of Public Debt
Items for discussion limiting public debt implicit public debt demands/staff requirements Items for discussion How do SAIs define their role in effectively limiting public debt? Should the SAIs’ functions in the audit of public debt be expanded? Should the audit be extended to include the financial and physical assets of government and their comparison with liabilities? How can SAIs audit also the implicit public debt and comment on its implications? Should performance audits in the field of public debt and debt management be intensified? To what extent can SAIs take risk aspects into account? What requirements must SAIs meet to cope with the use of new debt tools and derivative financial instruments in debt management, e.g. interest and currency swaps? What demands need to be placed on auditors in the field of debt management? Need the SAIs change the structure of their staff? performance audits extension of audits
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XIX INTOSAI Congress Mexico Theme I: Management, Accountability and Audit of Public Debt Discussion Paper
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