Revision of ISSAI 30 – Code of Ethics
Project proposal to the Steering Committee
of the INTOSAI Professional Standards Committee
Bahrain, 20-22 May 2014
PSC
INTOSAI Professional Standards Committee
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BACKGROUND
June 2013 – PSC SC meeting in Stockholm:
decision on the review of ISSAI 30 – Code
of Ethics (endorsed in 1998), in accordance
with the maintenance frequency.
Late 2013 – Review Project Team
established to make an initial assessment:
the SAIs of Indonesia, Poland (project
leader), Portugal, the United Kingdom
and the United States.
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INITIAL ASSESSMENT
Is ISSAI 30 fit for purpose in the current
public sector auditing world?
Or is an update necessary?
What is INTOSAI Community’s opinion?
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SURVEY on ISSAI 30 REVISION
Developed in February 2014
Distributed on 26 February 2014
Closed on 4 April 2014
69 complete answers received
April 2014 – Team analysed survey results
(Annex 1 to the project proposal)
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CONCLUSIONS
Team meeting in Warsaw, 8-9 May 2014:
conclusion  revision needed
Revision needed also in the opinion
of the participants of the EUROSAI Seminar
on Enhancing Ethics within Supreme Audit
Institutions, organised by the EUROSAI Task
Force on Audit & Ethics in Lisbon, in January
2014 (Annex 2 to the project proposal).
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PROJECT PROPOSAL
Team’s recommendation: revision needed
project proposal for approval by the PSC
Steering Committee
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SCOPE AND PURPOSE
Scope: revise ISSAI 30 – Code of Ethics,
and related Notes, as applicable, in
accordance with the results of the initial
assessment.
Objective: to make the standard more
useful to SAIs and to make it meet the
challenges of the current public audit
environment.
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AREAS OF REVISION (1)
shifting from the perspective of an individual
auditor to the SAI perspective, with due
consideration to stakeholders,
emphasising the importance of ethical culture
and principles as a means of preventing
unethical behaviour,
consistency with other ISSAIs,
reviewing fundamental principles and core
values; considering consistency with IFAC
principles and additional public sector principles,
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AREAS OF REVISION (2)
considering monitoring compliance with
ethical requirements, and inclusion of ethics
management and control,
updating terminology,
improving clarity of the document through
consistent headings/numbering/paragraphs
etc.
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DECISION TO MAKE
Need for more detailed guidance and good
practice examples
Additional guidance on implementation
of ISSAI 30?
Recommendation to the PSC SC will be made
in the process of updating ISSAI 30
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DRAFT WORK PLAN
Phase 1 – Concept and
design, including
fundamental principles
Phase 2 – Drafting the
document
September 2014 (review
team meeting)
By end April 2015
Phase 3 – Discussion on May 2015 (review team
the draft and consensus meeting)
on exposure draft
Phase 4 – Developing the By July 2015
final draft
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TAME FRAME FOR THE DUE PROCESS
Exposure draft ready – approval by the
ISSAI 30 Revision Team
Approval by the PSC Steering Committee
July 2015
Exposure draft posted on www.issai.org
Mid-October 2015 – mid-January 2016
Publication of comments on www.issai.org
End January 2016
September 2015
Comments introduced to the exposure draft February – May 2016
Approval by the PSC Steering Committee
May/June 2016
Translation of the draft into INTOSAI official June – August 2016
languages
Approval of the endorsement version by the October 2016
INTOSAI Governing Board in Abu Dhabi
Approval by INCOSAI in Abu Dhabi
October 2016
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ORGANISATION
Resources and Budget
Project Management and Governance
Due Process Considerations  ISSAI 30
revision – must follow the Due Process for
developing new standards
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