1. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Survey on Financial Accounting and Reporting Standards Presented by Stuart Barr, CMA Assistant Auditor General of Canada Brasilia, Brazil June 2009

2. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Survey Objectives Identify accounting standards used by INTOSAI countries, Identify future plans to move to international accounting standards, Identify the kind of information required regarding international accounting and reporting standards, Identify how this information should be communicated to them.

3. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Sampling and Summary Statistics Target Group: 186 members of INTOSAI Web-based survey Survey issued in Arabic, English, French, German and Spanish 106 of the 186 members responded – a 57% response rate Survey was administered by OAG Canada between 24 April and 5 June 2009

4. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Type of accounting standards used by audited government organizations

5. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada IPSASB Accrual Basis versus IPSASB Cash Basis For countries using IPSASB Cash Basis 58% plan to move to IPSASB Accrual Basis 42% will not

6. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Plan to move to international accounting standards For countries using at least one non-international accounting standard 54% plan to move to an international accounting standard 46% will not

7. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Plans to move to an international accounting standard * *Respondents were allowed to select more than one choice (39 responded with 56 total responses) 74 36 33

8. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Reasons for not moving to international accounting standards * Constraints caused by lack of resources (3%) Government believes the current accounting standards adequately meet the needs of the users of the financial statements (45%) Other reasons (52%) * Respondents were allowed to select more than one choice.

9. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Kind of information needed regarding international accounting and reporting standards First Choice Response Total Responses Guidance on the application of international accounting and reporting standards 47%75 Updates on changes to international accounting and reporting standards 43%76 Future directions for international accounting and reporting standards 5%70 Other5%8

10. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Preference for sharing information about accounting and reporting standards First Choice Response Total Responses Electronic communications64%77 Face-to-face meetings36%74 Teleconferencing0%59 Other0%8

11. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Open-ended questions Additional comments were provided in open-ended questions These will be further analyzed for use by the Subcommittee on Accounting and Reporting

12. INTOSAI Subcommittee on Accounting and Reporting Office of the Auditor General of Canada Questions