The proposed INTOSAI Framework of Professional Pronouncements IFPP

The proposed INTOSAI Framework of Professional Pronouncements (IFPP) Forum for the INTOSAI Professional Pronouncements (FIPP) Presentation to the PSC Steering Committee, May 2016, Copenhagen

FIPP terms of reference for 2016 Consider and propose how the ISSAI Framework can be further developed by: v Clearer distinction between auditing standards, other requirements, guidelines, etc … v Clearer directions on the format and quality requirements for each category

Authoritative framework for public sector auditing INTOSAI Credible pronouncements High technical quality

The current INTOSAI Framework of Professional Standards (IFPS) 93 pronouncements > 3, 100 pages 4 levels 13 categories All are ISSAIs or INTOSAI GOVs

Central importance of ISSAI 100 and a need to re-focus around this Greater clarity – what is authoritative/ compulsory and what is guidance? The case for change Are there gaps that should be filled? To whom are the pronouncements addressed?

ISSAIs set out requirements to support, and are consistent with, ISSAI 100 ISSAI brand retained – the standards Gap – competency framework for education and certification Other documents included in IFPP or linked to it at www. issai. org Less ISSAIs to be implemented for ISSAI compliance The proposed IFPP

INTOSAI Framework of Professional Pronouncements (IFPP) INTOSAI principles International Standards of Supreme Audit Institutions INTOSAI Guidance INTOSAI Principles (INTOSAI-P) 1 INTOSAI founding principles 2 INTOSAI core principles Auditing Standards (ISSAI-A) Competency Standards (ISSAI-C) 3 SAI organisational requirements - SAI level 4 Fundamental principles of public sector auditing - Engagement level Financial audit: 5 Financial audit principles 8 Financial audit standards Performance audit: 6 Performance audit principles 9 Performance audit standards Compliance audit: 7 10 Compliance audit principles Other engagements: 11 Compliance audit standards (Reserved for future development based on ISSAI 100) Auditing Guidance (GUID) 12 16 Supplementary financial audit guidance 13 Supplementary performance audit guidance 14 Supplementary compliance audit guidance 15 Supplementary guidance on other engagements Subject matter specific guidance (Guidance on how the ISSAIs can be applied to specific subject matters such as environment, privatisation, public debt, disaster-related aid, corruption prevention, internal control. . etc. ) Other Guidance 17 Other guidance (Reserved for future development) 18 (Possibly) Competency principles … and competency standards Competency Guidance 19 Supplementar y competency guidance

INTOSAI Framework of Professional Pronouncements (IFPP) INTOSAI principles International Standards of Supreme Audit Institutions INTOSAI Guidance INTOSAI Principles (INTOSAI-P) 1 INTOSAI founding principles 2 INTOSAI core principles Auditing Standards (ISSAI-A) Competency Standards (ISSAI-C) 3 SAI organisational requirements - SAI level 4 Fundamental principles of public sector auditing - Engagement level Financial audit: 5 Financial audit principles 8 Financial audit standards Performance audit: 6 Performance audit principles 9 Performance audit standards Compliance audit: 7 10 Compliance audit principles Other engagements: 11 Compliance audit standards (Reserved for future development based on ISSAI 100) Auditing Guidance (GUID) 12 16 Supplementary financial audit guidance 13 Supplementary performance audit guidance 14 Supplementary compliance audit guidance 15 Supplementary guidance on other engagements Subject matter specific guidance (Guidance on how the ISSAIs can be applied to specific subject matters such as environment, privatisation, public debt, disaster-related aid, corruption prevention, internal control. . etc. ) Other Guidance 17 Other guidance (Reserved for future development) 18 (Possibly) Competency principles … and competency standards Competency Guidance 19 Supplementar y competency guidance

v Clear, logical and simple to follow → time-proofed v Principles, standards and guidance Classification principles v Audit and competency v 19 categories v A work-in-progress final proposal to come with a numbering system and drafting conventions appropriate prominence to founding and core principles

Another work-in-progress Governed by INTOSAI due process 1000, 3000 and 4000 – largely editorial Migration process For remaining level 4, thorough review and updating (alignment with ISSAI 100) INTOSAI-GOV: – Addressed to auditors → guidance in IFPP – Addressed to others → outside IFPP but on www. issai. org

7 Next steps 6 5 4 3 2 1 Information on www. issai. org Goal chairs inform sub-committees and WGs FIPP drafting guidelines (early 2017) Strategic development plan, with classification principles and migration process Governing Board → INCOSAI endorsement PSC-SC (including goal chairs) approve final proposal Comments from the INTOSAI community

Thank you!