1. Survey on the Impact of the Working Group on Public Debt (WGPD) Annual Meeting of the WGPD Helsinki, Finland September 10-12, 2012 11.09.2012 | ASF WGPD Secretariat

2. Introduction The original survey was launched by the former Public Debt Committee in 2005. The Objective was to identify the impact of the WGPD’s work on the INTOSAI community. ASF | 2

3. Results of the Original Survey Submission to all INTOSAI members Answers from 50 countries (13 WGPD’s members) ASF | 3

4. Survey Results Questions included in the 2005 Survey, as well as the main results. ASF | 4

5. Survey Results Answer rate by Regional W. Group ASF | 5

6. ASF | 6 Survey Results Q1 Are you acquainted with any of the PDC’s official products?

7. ASF | 7 Survey Results Q2 Which of the products do you know?

8. ASF | 8 Survey Results Q3 Where did you learn about the PDC’s products?

9. Survey Results Q4 Has your SAI made use of any of these documents for your auditing work? ASF | 9

10. ASF | 10 Survey Results Q5 Please specify which products have been used by your SAI:

11. ASF | 11 Survey Results Q6 Please describe the specific use of the PDC’s products:

12. ASF | 12 Survey Results Q7 Please describe the impact of these documents on your regular auditing work:

13. ASF | 13 Survey Results Q8 Have you recommended these publications to Governmental Agencies or Nongovernmental Organizations of your country? Q9 Please name the agencies you have recommended these publications: The Ministry of Finance is the principal agency to which SAIs have recommended the aforementioned WGPD (PDC) publications.

14. Public Debt Management Guidance on financial instruments and their disclosure: Implications for public debt auditing The best management practices (including loaning risk management), monitoring, assessment, forecasting and audit of the public debt Objects (Aims) of Public Debt Management in different countries Best practices on the use of Asset and Liability Management in different countries Potential accounting and reporting reforms in cooperation with INTOSAI PSC. Substantive procedures on public debt auditing ASF | 14 Survey Results Q10 Do you have any suggestion on the issues that should be included in the PDC’s products?

15. ASF | 15 Survey Results Q11 How often do you visit the PDC Website?

16. Hyperlinks to documents and other websites useful for debt auditors – past audits performed by other SAIs –cases studies, academic articles – International Agencies (IMF, WB, OECD...) –drafts of PDC materials before they are approved The web page should be more friendly, dynamic and interactive ASF | 16 Survey Results Q12 Do you have any suggestions /comments /observations on the information that should be included in the PDC Website?

17. ASF | 17 Survey Results Q13 Does your SAI have any development or practice related to public debt auditing that could be useful for the INTOSAI community?

18. ASF | 18 Survey Results Q14 Do you consider the PDC to be the appropriate forum to share this knowledge within the INTOSAI community?

19. Conclusions of the 1 st Survey The results of the Survey showed that the former Committee’s work was valuable; nevertheless we had to be more aggressive in order to disseminate our products among INTOSAI. The PDC products were regarded as important inputs and references for sound audit practices; therefore we had to maintain the quality of our documents. Even though the PDC Website had been used as the main access to our work, it was clear that its complete overhaul was needed. ASF | 19

20. INTOSAI members showed interest in specific topics, such as: –Fiscal risk on public debt, public pension’s systems, public- private partnerships, risks on public debt –Compilation of practical materials including examples on conduction of public debt audits –Substantive procedures on public debt auditing Some investigations were conducted based on the INTOSAI members’ feedback. Conclusions of the 1 st Survey

21. PROPOSAL Launching of an updated survey in order to: a) Identify the impact of the WGPD’s products, b) Obtain valuable feedback to appropriatly outline the WGPD’s strategy.

22. WGPD | 22