1. 1 Concept Framework of Coordinated Parallel Public Debt Management Information Systems Audit ACCOUNTING CHAMBER OF UKRAINE INTOSAI Working Group of Public Debt Meeting Helsinki, Finland, September 10-12, 2012

2. 2 Background ACCOUNTING CHAMBER OF UKRAINE  ACU pays special attention to public debt auditing  14 joint and parallel audits and investigations since 2005  Open discussion of a new parallel audit on public debt in February 2012  Argentina, China, Fiji, Moldova, and Portugal supported the initiative

3. 3 Main Goals of Presentation ACCOUNTING CHAMBER OF UKRAINE  To develop and present the major related aspects of the audit project  To make a contribution to the current and future WGPD’s investigations and products  To present immediate vision of the work that will be done

4. 4 Substantiation for Audit Project ACCOUNTING CHAMBER OF UKRAINE  Computerized information system for debt management is a key subject of evaluation  Various PDM information systems applied in different countries  General and application controls are crucial points of debt management functions  Lack of practical experience in audits of PDM information systems and IT controls

5. 5 Audit Type ACCOUNTING CHAMBER OF UKRAINE  Performance audit: - focused on efficiency of functioning - related subsystems, processes and procedures  Unified Principles: - parallel (national level, free of timing and choosing way of carrying out) - coordinated (same approach, INTOSAI standards, tight communications)

6. 6 Objective of Audit ACCOUNTING CHAMBER OF UKRAINE  Audit is aimed at assessing at national level whether the management and control processes of PDM Information Systems are in place  Assessed Entities: - Debt Management Agency / Office / Department - Ministry of Finance - Treasury - National Bank, etc.

7. 7 Ground for Audit ACCOUNTING CHAMBER OF UKRAINE  Common Programme for the Coordinated Parallel PDM Information Systems Audit (previously approved by participating SAIs)  Existing Guides in Use: - Practical Guide for Auditing PDM ( IDI-WGPD ) - Roadmap Propositions of Evaluation on IS Related to PDM ( Brazilian SAI ) - IT Audit Guidelines ( ASOSAI )

8. 8 Audit Scope & Methodology ACCOUNTING CHAMBER OF UKRAINE  Areas for Audit: - IT System Strategy & General Management - Security & Environmental Controls - Operational Controls & Documentation - Application Controls  Developing of Study Design Matrix (or Checklist)  Different Methods Applied (examinations, testing of controls, interviews and questionnaires)

9. 9 Joint Audit Report Content ACCOUNTING CHAMBER OF UKRAINE Summary of Conclusions and Recommendations I. Introduction II. Comparative Analysis of Audit Findings (to be considered) III. Summaries of National Reports on Audit Observations and Findings 3.1. SAI of… 3.2. SAI of … Addressees

10. 10 Timeframe ACCOUNTING CHAMBER OF UKRAINE  Middle-term Audit Project (two or three years depending on a number of the participating SAIs)  Flexibility for carrying out national audits  Timetable will be annexed to the Common Audit Programme  A face-to-face ceremony of approval of the Final Joint Audit Report (to be considered)

11. 11 Subsequent Steps ACCOUNTING CHAMBER OF UKRAINE  To get a formal consent from the interested SAIs-WGPD members of joining the project (before 30 November 2012)  To prepare the Common Programme for Coordinated Parallel PDM Information Systems Audit (drafting is responsibility of the Ukrainian SAI)  The ACU will be proud to host a kick-off meeting in Ukraine in May 2013 (to be confirmed)

12. 12 Contacts ACCOUNTING CHAMBER OF UKRAINE  Project Support: Mr. Andrii Mamyshev, Deputy Director of Public Debt, International Activity and Financial Institutions Audit Department mamav@ac-rada.gov.ua  Liaison Support: Mr. Taras Prytula, Head of International Cooperation Department ptm@ac-rada.gov.ua +38-044-235-43-47