1. News from the Meeting of the PSC Steering Committee, Bahrain, 20-22 May 2014
Subcommittee on Internal Control Standards
Meeting in Vilnius, May 2014

2. PSC (1)
PSC – INTOSAI Professional Standards Committee – implement INTOSAI Goal 1 (develop and update standards for SAIs)
PSC Chair: SAI Denmark

3. PSC (2)
PSC permanent Subcommittees:
Financial Audit Subcommittee (FAS), Chair: UAE
Performance Audit Subcommittee (PAS), Chair: Brazil
Compliance Audit Subcommittee (CAS), Chair: Norway
Accounting and Reporting Subcommittee, Chair: Canada
Internal Control Standards Subcommittee, Chair: Poland

4. PSC Steering Committee
Over 70 members of the PSC – a need for a coordinating body  Steering Committee
Members of the PSC SC: PSC Chair, Chairs of PSC Subcommittees, Goal 1 Liaison, Chairs of Goals 2 and 3, representatives of INTOSAI Regional Working Groups + observers
Meetings – once a year
Latest meeting: May 2014, Bahrain

5. LATEST PSC SC MEETING – MAIN AGENDA ITEMS (1)
Reviewed documents: ISSAI 3000 (PAS), ISSAI 4000 (CAS), ISSAI 30 – Code of Ethics (Project Group Chaired by Poland) – three project proposals approved by the PSC SC
Presentation of Subcommittees’ work plans
Presentation of the renewed Memorandum of Understanding between the PSC and The IIA
News from other INTOSAI Committees, INTOSAI Secretariat General and observers

6. LATEST PSC SC MEETING – MAIN AGENDA ITEMS (2)
Need for strengthening coordination & cooperation between PSC Subcommittees
Top item: INTOSAI’s standards setting:
results of the PSC survey
outcome of the PSC leadership meeting in Copenhagen, April 2014
group discussions of the PSC SC members: SWOT analyses, suggestions
evaluation document – to be prepared soon

7. Now over to Paweł