1. June 2009
Intosai PSC Steering Committee
Update on project on audit quality control - ISSAI Greg Schollum Project Chair (SAI New Zealand) June 2009
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2. June 2009
Intosai PSC Steering Committee
Purpose of the project
Develop overall code for audit quality within SAIs (ISSAI 40).
Part of level 2 of ISSAI framework (“prerequisites for the functioning of SAIs”).
Aiming for endorsement at INCOSAI 2010.

3. June 2009
Intosai PSC Steering Committee
Background
Terms of reference for the project approved in Beijing (October 2008):
“Dual approach” endorsed;
Support for guidance in ISSAI 40 to complement work of FAS, CAS, PAS;
Suggested additions to project team, including observer from IAASB staff.

4. Project team Greg Schollum – SAI New Zealand (Project Chair)
June 2009
Intosai PSC Steering Committee
Project team
Greg Schollum – SAI New Zealand (Project Chair)
Andrew Baigent – SAI United Kingdom (representing FAS)
Therese Johnsen – SAI Norway (representing PAS)
Jesús Lázaro Cuenca – European Court of Auditors (representing FAS)
A K Thakur – SAI India (representing CAS)
Mary Riopelle – SAI Canada
Dr Josef Moser – SAI Austrian Court of Audit
Michael Nugent – IAASB staff (Observer)

5. Progress to date Draft ISSAI 40 prepared.
June 2009
Intosai PSC Steering Committee
Progress to date
Draft ISSAI 40 prepared.
Currently based on ‘companion’ approach.
Project team meeting planned for September 2009 in London.

6. Issues on which the views of the PSC Steering Committee are sought
June 2009
Intosai PSC Steering Committee
Issues on which the views of the PSC Steering Committee are sought
‘Companion’ or ‘integrated’ approach?
Overlap with part 1 of ISSAI 200:
Potential withdrawal of ISSAI 200 in due course?
Any comments on the material within ISSAI 40?

7. Questions / points of clarification
June 2009
Intosai PSC Steering Committee
Questions / points of clarification