News from the
Professional Standards Committee
Bettina Jakobsen
Chair of the PSC
General news from the PSC
• New Goal Liaison and new Chair of FAS
• On-going reviews of ISSAIs:
–
–
–
–
–
Code of Ethics ISSAI 30
International Institutions ISSAI 5000-5010
Environmental auditing ISSAI 5110-5140
Privatisation ISSAI 5210-5240
IT audit ISSAI 5310 – a working group under the KSC is also
considering to develop an ISSAI 5300
PSC
INTOSAI Professional Standards Committee
General news from the PSC
• Received financial contributions for
development and maintenance of the ISSAIs
– SAI Norway: € 10,000
– SAI of Saudi Arabia of US $ 3,500 annually in 2014, 2015
and 2016.
• MoU with IIA renewed. MoU with IFAC
currently in process
PSC
INTOSAI Professional Standards Committee
PSC’s mandate 2014-16
• Evaluate and improve the standard-setting
processes in close cooperation with the
INTOSAI Task Force on Strategic Planning in
order to ensure and develop INTOSAI’s
standards for public-sector auditing.
PSC
INTOSAI Professional Standards Committee
Due process
Maintenance
responsibillity
(subcomittees)
Monitoring
and
regular
reviews
Initial
assessment
Approval
by
Steering
Committee
Approval
by
Steering
Committee
Project
Proposal
Exposure
Draft
Drafting by
project group/
Subcommittee
(Preliminary
drafts)
PSC
INTOSAI Professional Standards Committee
Approval Confirmation Endorsement
by
by
by
Steering
Governing
Congress
Committee
Board
Endorsment
version
Public
Exposure
(90 days
minimum)
All
comments
published
ISSAI
/
INTOSAI
GOV
INCOSAI
General
Secretariat
Donor
cooperation
Governing Board
Director of
strategic
planning
Finance and Administration Committee
INTOSAI
Journal
Task Forces
Collaboration
tool
SAI database
INTOSAI
Glossary
PSC
Task Forces
CBC
Regional working groups
PSC
INTOSAI Professional Standards Committee
KSC
IDI
Board
IDI
UN
organisations
Media
Teachers academics
INTOSAI
Key opinion
leaders
Other
standard
setters
General
Secretari
at
INCOSAI
Governing Board
Director of
strategic
planning
INTOSAI
Journal
Collabor
ation
tool
SAI
database
INTOSAI
Glossary
Professional
organisations
Finance and Administration
Committee
Task Forces
PSC
Task Forces
CBC
KSC
Donor
cooper
ation
Donors
ISSAI
IDI
Bo
ard
Legislators
IDI
Regional working groups
Heads of
SAIs
Auditors
PSC
INTOSAI Professional Standards Committee
Users of
audit reports
Government
Audited
entitees
Evaluation and recommendations to
improve INTOSAI’s standard setting
Development goals for 2028
2016
2013
2010
New fundamental
auditing principles
Due process
Awareness Raising
Framework is filled
2007
Establishment of the PSC
2004
ISSAI Framework
SA Declaration
Dual approach
1.
Standard-setting is a core task for
INTOSAI and underpinned by robust
structures
2.
ISSAIs are the preferred solutions for SAIs
and provides the basis for schemes of
education and accreditation that defines
public-sector auditing as a profession
3.
The ISSAIs are widely recognized and
ensures high quality audits that add value
to the public sector
2016
2013
2010
2007
2004


 
1. Overall coordination
2. Develop the ISSAI Framework
3. Continuity and institutional memory
4. Decision making
5. Quality assurance
6. Wider recognition
7. Feedback mechanisms
8. Competences and resources
9. Implementation
10. Remain aligned with INTOSAI culture
2016
2013
2010
2007
2004


 
6 recommendations from the PSC
1. Establishment of a committee for professional
matters
2. Create a common forum for the ISSAI Framework
3. Separate advisory board
4. Strengthen the Due Process
5. Common supporting functions
6. Long term development goals
PSC
INTOSAI Professional Standards Committee
6 themes
of
evaluation
Main
challenges
identified
PSC
INTOSAI Professional Standards Committee
Analysis of
different
options
Recommendations
to
Governing
Board
PSC and CBC
Areas of cooperation