1. Maintenance of the ISSAI 4000 series CAS meeting, Batumi, Georgia 27th-28th of September 2011

2. 2 Group discussion What are your experiences and lessons learned from the implementation of the ISSAI 4000 series so far? Are there specific maintenance issues that arise from your implementation experiences?

3. Broad concepts 3 SUBJECT MATTER UNDERLYING TRANSACTIONS OF THE BUDGET THE GENERAL STATE ACCOUNTS SAFEGUARD OF RESOURCES

4. Group discussion summing up - Jens Application materal: risk assessment & materiality How to rely on the work of other auditors Conclusion form – consequences Pervasiveness (new conclusion form – what does it mean) Awareness among stakeholders Reliability of statistics 4

5. Group discussion summing up - Erna Sampling Pervasivness Opinions vs. concusions – make use of the different types Combinations of audit types Case studies and examples Subject matter Qualifications of auditors/resurces 5

6. Group discussion summing up - Mona A new standard for planning? Materiality: Amount Nature Context Time (prescription) 6

7. Maintenance issues identified at CAS meeting in Stockholm 2009 Materiality (China, Georgia, Lithuania) Pervasiveness (ECA) Sampling (India, ECA) Limited vs. reasonable assurance (Brazil) Need for application material (Slovakia, Tunisia Opinion – positive vs negative report (China, Denmark, Namibia, Romania, Norway) How to set up a monitoring system (Tunisia) Unlawful acts/fraud/corruption (Mexico) Prescription vs. liability (Romania) 7

8. Paper End of January!! 8

9. Sources influencing the maintenance of the ISSAI 4000 series The work of the harmonization project Professional development conducted by other standard setting bodies Development projects within the compliance audit subcommittee 9

10. Proposed maintenance frequency 5 years 10

11. Consequences: 2013: CAS will establish a working group considering the amounts of changes needed in the ISSAI 4000 series. 11

12. Maintenance issues to start working on now Which? How? Who? 12