1. CAS Annual Meeting
New Delhi
20th February 2017

2. Strategic Objectives for Goal 1 PSC mandate 2017 - 2019
Under its mandate, which is directly derived from the Strategic Plan, the PSC will pursue five broad activity streams: 1.
A strong organizational structure to support standard-setting
Strategic guidance and overall coordination of standard-setting
Consolidate the Standards Framework
Support capacity development initiatives
Monitor the implementation and adoption of the standards 2.
PSC mandate 3. 4. 5.

3. Main changes in the standard setting process
Establishment of the Forum for Intosai Professional Pronouncements (FIPP)
New Due Process
Revised Framework of Professional Pronouncements (IFPP)
Strategic Development Plan
Main changes in the standard setting process

4. Strong organizational structure to support standard-setting
Activity stream 1
Strong organizational structure to support standard-setting
Supporting the work of the PSC sub-committees
Feasibility study – common technical support function
Expanded consultation with external stakeholders
Enhance Regions’ role in PSC
Briefings for possible questions
1. Feasibility study for common technical support function to support the standard-setting process
The possibility of a technical support function was first mentioned in the 2014 PSC Evaluation report and has been taken up in the INTOSAI Strategic Plan, 2017 – 2022.
The incoming PSC Chair secretariats intend to carry out a feasibility study as soon as possible with a view to reporting to the PSC-SC on potential scenarios, opportunities, challenges and costs of a permanent technical support function. We do not yet have a detailed planning for this work but note the high level of interest in the INTOSAI community and will accord it suitably high priority.
2. External stakeholders
Under the revised Due Process, “The planning process [for drawing up the SDP] shall include public consultations to encourage input from all interested parties as a minimum every three years”
The incoming PSC Chair secretariats are currently considering how this process might be organised, taking into account the existing participation of IFAC, the IIA and the World Bank as active external stakeholders. They hope to report to the PSC-SC in 2017 with concrete proposals

5. Forum for Intosai Professional Pronouncements - FIPP
Overview (1)
Started work, on a preliminary basis, in December 2015
As a result of INCOSAI, now a permanent body
15 members appointed by Goal Chairs (GB endorsement)
“Independent”:
Works in “public interest on behalf of the full INTOSAI membership” (FIPP Governance paper, section 2)
… with members receiving the material support of their sponsoring bodies (SAIs, IDI, Regions, …)

6. Forum for Intosai Professional Pronouncements - FIPP
Overview (2)
PSC Steering Committee is its governance body
Main task: clear and consistent professional standards (FIPP ToR, section 1)
Proposes priorities for the Strategic Development Plan – the “single entry into the ISSAI framework” (FIPP ToR, introduction)

7. Forum for Intosai Professional Pronouncements - FIPP
FIPP members – appointment criteria
On basis of expertise in:
- Financial, performance, compliance audit - Other specialist streams (IT audit, environmental audit, …)
- Development of audit methodology
- Audit management responsibilities
- National/ international standard setting
- International cooperation
- Capacity development
- Public sector education and training
- Competency frameworks/ certification processes

8. Forum for Intosai Professional Pronouncements - FIPP
FIPP members – rotation policy
Rotation of 1/3 of members each year (starting end-2017 – special arrangements for first appointees)
Annual call for nominations, if required
Calls for nominations can target particular experience, etc.
Members may be reappointed to serve a maximum of three three-year terms

9. Forum for Intosai Professional Pronouncements - FIPP
FIPP governance (1) – PSC-SC (incl. Goal Chairs)
approval of Strategic Development Plan (SDP)
any issues related to the application of procedures of due process
budget for INTOSAI standard setting activities
approval of changes in FIPP´s terms of reference (“ToR”)

10. Forum for Intosai Professional Pronouncements - FIPP
FIPP governance (2) – individual Goal Chairs
FIPP membership – appointment/rotation of members
Alignment of individual projects with the objectives of the Strategic Plan
Monitoring projects led by their sub-committees and working groups
PSC chair: sits as an observer on the FIPP

11. “Due Process” for INTOSAI’s framework of professional pronouncements
In reality here is also a “Stage 0”
The process contains in total four main stages

12. START STAGE 0 The Strategic Development Plan (SDP)
FIPP
Proposes how the planning process will be organised
STAGE 0
PSC-SC
inlcu. Goal Chairs
Approve FIPP proposal for the organization of the planning process
“Due Process” for INTOSAI’s framework of professional pronouncements
Subcommittees, Working Groups or other interested parties may provide suggestions
INTOSAI community & external stakeholders
Receives suggestions for the SDP
Goal Chairs
Including public consultation at least every three years
Proposes priorities for the SDP
Analyses suggestions for develop, revise or withdraw pronouncements
FIPP
The Strategic Development Plan (SDP)
Consults with all affected parties
Finalises and approves the proposed SDP
PSC-SC
inlcu. Goal Chairs
Ascertains that all relevant needs are addressed (vis-à-vis the SDP)
FIPP may propose amendments / updates to an existing SDP GB
Endorses the SDP

13. STAGE 1 
Makes initial assessment
“Due Process” for INTOSAI’s framework of professional pronouncements WG
Makes project proposal
Allocates Resources, considers timelines and SP alignments
PSC-SC (including CBC & KSC Chairs) provide Direction and Guidance
Responsible Goal Chair
Sends project proposal to FIPP for approval
FIPP
Approves project proposal

14. Approved project proposal
STAGE 2
Applies quality process to developing draft
Chairs of PSC/CBC/KSC & GC provide direction and guidance WG
“Due Process” for INTOSAI’s framework of professional pronouncements
Sends the draft pronouncement to FIPP
FIPP
Approves exposure draft
Posts exposure draft on ISSAI website WG
Collects comments on exposure draft
Stakeholders are notified and can make comments
Exposure draft & comments to "Stage 3"

15. Exposure draft & comments from "stage 2"
Posts comments on ISSAI webpage
“Due Process” for INTOSAI’s framework of professional pronouncements WG
Analyses comments & finalized endorsement version
FIPP
Approves endorsement version
Posts translated version on ISSAI website WG
Approved endorsement version to "Stage 4"

16. Approved endorsement version from "Stage 3"WG
STAGE 4
Sends approved endorsement version to GC responsible for the committee
“Due Process” for INTOSAI’s framework of professional pronouncements
PSC-SC
inlcu. Goal Chairs
Gives assurance to GB that "Due Process" has been followed GB
Refers to INCOSAI for final endorsement WG
Publishes publication on ISSAI website
Endorsement by INCOSAI
Works out executive summary and submits to the INTOSAI Gen. Sec. WG
END

17. Intosai Framework for Professional Pronouncements - IFPP
Key features (1)
Includes other documents than ISSAIs (standards) – also principles (INTOSAI-P) and guidance (GUID)
ISSAI brand is retained
Only documents that set out requirements to support ISSAI 100 and consistent to ISSAI 100 are designated as ISSAIs

18. Intosai Framework for Professional Pronouncements - IFPP
Key features (2)
Clarifies what SAIs need to claim ISSAI compliance
Provides for the development of an INTOSAI competency framework for public sector auditing and other pronouncements that may facilitate ISSAI implementation
INTOSAI-GOVs is not retained separately but merged with the category of guidelines on specific subjects into the new category GUIDs

19. INTOSAI FRAMEWORK OF PROFESSIONAL PRONOUNCEMENTS
INTOSAI Principles (INTOSAI-P)
INTOSAI Principles
INTOSAI founding principles
INTOSAI core principles
International Standards of Supreme Audit Organisations (ISSAIs)
Competency Standards (COMP)
INTOSAI Standards ❸
Fundamental principles of public sector auditing
(Reserved for future development based on ISSAI 100) ❹
SAI organisational requirements
Financial audit:
Performance audit:
Compliance audit:
Other engagements:
(Possibly) Competency principles
FA principles
PA principles
C A principles
(Reserved for future development based on ISSAI 100)
FA standards
PA standards
CA standards
… and competency standards
Guidance (GUID)
Competency Guidance
(COMP)
INTOSAI Guidance
SAI organisational guidance
(Reserved for future development based on ISSAI 100)
Supplementary
financial audit guidance
Supplementary
performance audit guidance
Supplementary
compliance audit guidance
(Reserved for future development based on ISSAI 100)
Supplementary competency guidance
Subject matter specific guidance
Other Guidance

20. Strategic Development Plan
General Information
New planning instrument for development of content of the framework
Single entry point into the IFPP
Broad consultation with the different Intosai bodies and external stakeholders
To be annually revised

21. Strategic Development Plan 2017 - 2019
How it was developed
PSC-SC agreed that the Goal Chair will consult their SC/WG about possible projects to develop (May/2016)
PSC, CBC and KSC Chairs consult their respective SC/WG (August/2016)
SC/WG send their inputs to the Chairs (August/2016)
FIPP prepares the proposal for the SDP (October/2016)
PSC-SC approves the proposal by written procedure (November/2016)
Governing Board endorses (December/2016)

22. Strategic Development Plan 2017 - 2019
Content
Priority 1 – Implement the revised IFPP after 2016
- Relabelling and renumbering without further amendments
- Withdrawal of any outdated material by 2019
- References to UN Resolutions 66/209 and 69/228 in ISSAI 10
- updating ISSAIs on financial auditing
- developing websites
Priority 2 – Guidance by 2019 to support ISSAI implementation (10 projects)
Priority 3 – Strengthening INTOSAI Professional Pronouncements beyond 2019 (projects)

23. Strategic Development Plan 2017 - 2019 CAS potential involvement
Priority 1 – any withdrawal (any outdated material)?
Priority 2: - Provide guidance on compliance auditing
- Using ISSAIs in accordance with the SAI´s mandate and carrying out combined audits
- Consolidated and improved guidance on understanding internal control in an audit
- Consolidated and improved guidance on reliance on the work of
internal auditors
- Consolidating and aligning guidance for audits of Privatization with ISSAI 100 (desirable)

24. Strategic Development Plan 2017 - 2019 CAS potential involvement
Priority 2: - Consolidating and aligning the audit of public debt with ISSAI
100 (desirable)
- Consolidating and aligning the audit of disaster related aid with ISSAI100 (desirable)
Priority 3: Examples:
- Global INTOSAI messages on SDGs in the context of the INTOSAI framework of professional pronouncements and possible needs for guidance.
- Competency pronouncements (The project is intended to address
the need for professional pronouncements for auditor competence, as identified in
the newly revised IFPP)
- Providing a clear set of INTOSAI Core Principles

25. Strategic Development Plan 2017 - 2019
Revision of the SDP
Subcommittees and working groups will be invited to assess the projects assigned to them in the SDP and discuss if there is a need to revise it.
March-May 2017
Discussion of a consolidate proposal in the PSC-SC meeting and sending
June
Send consolidated proposal do FIPP
FIPP assesses, revises the proposal and submits any revised proposal to the PSC Chair
August
PSC-SC analyses and approves the proposal (written procedure)
September
GB endorses the proposal
November

26. PSC Secretariat contacts
Thank you !