1. INTOSAI Working Group on Public Debt Chairman’s Report Mr. Roberto Salcedo Aquino Representative of the WGPD’s Chair INTOSAI Working Group on Public Debt Mexico City, June 14, 2010

2. Attending SAIs  Austria  Brazil  Fiji  Finland  Mexico  Portugal  Russian Federation  Sweden  United States of America  Zambia  INTOSAI Development Initiative (IDI)

3. 1. Investigation Themes  Raison d’être of the WGPD  Official Products  Goal 1 of the WGPD Strategic Plan  Capacity building and abilities on public debt auditing  Status of current investigations  Kyiv meeting 2009  10 investigation themes  Two possible products for the XX INCOSAI

4. 1. Investigation Themes  “Public Debt Indicators”  Translated into the 5 INTOSAI official languages  Currently being edited and exposed to INTOSAI Community  ISSAI 5423

5. 1. Investigation Themes (2)  “Impact of Financial Crisis on Public Debt”  Still requires validation of contents updating  impact of the global financial crisis on public debt profiles  GAO’s representative will inform about its updating

6. 1. Investigation Themes (3)  Five Projects on Public Debt issues  Public Debt Management Office  Contingent debt  Assessment of human resources employed in debt contracting  Risk assessment and reduction of probable effects on debt structure  Governmental support during the financial crisis: impacts on public debt and potential roles of SAIs

7. 1. Investigation Themes (4)  New Standards on development and approval of ISSAIs and INTOSAI GOVs  Currently under analysis and development (Steering Committee of Professional Standards)  To be discussed by the 60 th INTOSAI Governing Board Meeting  Endorsed by the XX INCOSAI

8. 1. Investigation Themes (5)  New Standards on development and approval of ISSAIs and INTOSAI GOVs will ensure:  Transparency of their development  Accountability before the INTOSAI community  Consistency and High Quality of the products

9. 1. Investigation Themes (6)  Regulatory frame implies a more thorough process  The more advanced investigation themes will be able to undergo the process  Presentation of WGPD Official Products for the XX or XXI INCOSAI  The SAI of Mexico will present an overview of this process

10. 1. Investigation Themes (7)  Three investigation themes for further development  Evaluation on information systems related to public debt management  Extraordinary income analysis and its use to ameliorate external public debt  Public bidding and adjudication for the recruitment of agents, bond and stock brokers

11. 2. INTOSAI & WGPD Strategic Plan (1)  INTOSAI’s Strategic Plan 2011-2016:  More rigorous process for ISSAIs and INTOSAI GOVs  Fully review of those created by Subcommittees, Working Groups and Task Forces  Revision of all INTOSAI structures and their efforts  To be analyzed and endorsed during the XX INCOSAI

12. 2. INTOSAI & WGPD Strategic Plan (2)  WGPD Official Products revision  Comments and suggestions on our official products  Input for Team Leaders

13. 2. INTOSAI & WGPD Strategic Plan (3)  WGPD’s Strategic Plan 2011-2016 benchmarks:  Submission and endorsement of the SP  Analog coverage period  INTOSAI’s Strategic Plan  Updated Terms of Reference (endorsed in Kyiv, 2009)

14. 2. INTOSAI & WGPD Strategic Plan (4)  WGPD’s Strategic Plan 2011-2016 benchmarks (2):  IDI input  Building professional skills and institutional capabilities  Dissemination of knowledge  Design of training programs on Public Debt Auditing

15. 3. WGPD Terms of Reference (1)  In force since October 2009  Endorsed during the 59 th Governing Board Meeting  To be presented to the Steering Committee of Goal 3 in August 2010  To be endorsed by the XX INCOSAI in November 2010

16. 3. WGPD Terms of Reference (2)  ToR include:  Adjustments regarding to membership status  New oversight bodies (Goal 3 Steering Committee and Plenary Committee)  Activities, rights and responsibilities for the Chair, Theme Leaders and meeting hosting SAIs  Rules for WGPD’s bodies, sub-groups and Task Forces

17. 4. WGPD website  WGPD website  Continuous contents updating  Directory of members  Audit reports  Publications  Working materials  SAI of Mexico  presentation on WGPD administrative matters

18. 5. Group of Experts on Public Debt  At request of IDI in 2008  Group of WGPD Experts List:  Updated (15 WGPD members to date)  Can be consulted on the WGPD website

19. 6. WGPD Participation in Training Programs 6. WGPD Participation in Training Programs  Active participation of the GAO and the SAI of Portugal on Capacity Building  Trans-Regional Program on Public Debt Management Auditing  Presentation by the IDI

20. 7. INTOSAI Glossary of Auditing Terms Project  To be presented in the XX INCOSAI  Terminology available on the 5 INTOSAI official languages  Contents have been integrated, refined, updated and classified by topic by the SAI of Mexico  Developed as an Internet-based tool