News from the Professional Standards Committee Bettina Jakobsen Chair of the PSC

PSC INTOSAI Professional Standards Committee 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 – Environmental auditing ISSAI – Privatisation ISSAI – 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 MoU with IIA renewed. MoU with IFAC currently in process

PSC INTOSAI Professional Standards Committee PSC’s mandate 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 Endorsement by Congress Monitoring and regular reviews Initial assessment Project Proposal Drafting by project group/ Subcommittee Exposure Draft Approval by Steering Committee Endors- ment version (Preliminary drafts) Approval by Steering Committee Public Exposure (90 days minimum) Confirmation by Governing Board ISSAI / INTOSAI GOV All comments published Maintenance responsibillity (subcomittees)

PSC INTOSAI Professional Standards Committee PSCCBCKSC INCOSAI Governing Board Finance and Administration Committee Task Forces Regional working groups Donor cooperation IDI Board IDI General Secretariat INTOSAI Journal Collaboration tool SAI database INTOSAI Glossary Director of strategic planning

PSC INTOSAI Professional Standards Committee PSCCBCKSC INCOSAI Governing Board Finance and Administration Committee Task Forces Regional working groups Donor cooper ation IDI Bo ard IDI General Secretari at INTOSAI Journal Collabor ation tool SAI database INTOSAI Glossary Director of strategic planning INTOSAI ISSAI Heads of SAIs Auditors Legislators Donors Other standard setters Media UN organisations Government Audited entitees Users of audit reports Teachers - academics Key opinion leaders Professional organisations

Evaluation and recommendations to improve INTOSAI’s standard setting

Development goals for 2028 ISSAI Framework Dual approach Establishment of the PSC Due process Framework is filled SA Declaration New fundamental auditing principles Awareness Raising

  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

  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

PSC INTOSAI Professional Standards Committee 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 Analysis of different options Recom- mendations to Governing Board Participants survey Benchmarking IDI review FAS/PAS/CAS joint paper Group of PSC chairsPSC SteerCom meeting Key partners Regions – INTOSAI members Finance and adm com CBC and KSC INTOSAI’s Governing Board Task Force on Strategic Pl Initial evaluation plan

PSC and CBC Areas of cooperation