News from the Meeting of the PSC Steering

News from the Meeting of the PSC Steering Committee, Bahrain, 20 -22 May 2014 Subcommittee on Internal Control Standards Meeting in Vilnius, 27 -28 May 2014

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

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 3

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: 20 -22 May 2014, Bahrain 4

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 5

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 6

Now over to Paweł 7