ISSAIs in Action

Introduction to the revised ISSAI 140 – Quality management for SAIs

In December 2020, the IAASB issued a new suite of quality management standards (ISQM 1 and ISQM 2) replacing the previous ISQC 1 and revised its ISA 220 standard (quality management of an audit of financial statements). The changes emphasise that the auditor’s objective is about managing quality and associated procedures in a risk-based and dynamic way in order to achieve the required level of ... Read more...

Are you an expert on INTOSAI Pronouncements?

How well do you know your ISSAIs? IFPP documents are the formal and authoritative announcements or declarations of the INTOSAI Community on public audit matters. The IFPP consists of: • INTOSAI-P: High level principles that specify the role of Supreme Audit Institutions in society and the prerequisites for their functioning • ISSAIs: Authoritative international Standards for public se... Read more...

Technical Support Function of PSC is now Operational

The idea behind an INTOSAI TSF arose from one of the strategic objectives for Goal 1 (Professional Standards) in the INTOSAI Strategic Plan 2017-2022. This was to provide a strong organisational framework to support INTOSAI and to offer high-quality technical support services to INTOSAI standard setting activities. The Technical Support Function has been operational since March 2020.  It is ... Read more...

Translation of INTOSAI pronouncements – can your SAI help? 

Many SAIs all over the world use the INTOSAI’s pronouncements in their day-to-day work. Most pronouncements are drafted in English, but are available in all five official INTOSAI languages: English, Spanish, French, German and Arabic.... Read more...

Where to find the Financial Auditing Standards? 

Since the migration of the old ISSAI Framework to the new INTOSAI Framework of Professional Pronouncements, many people wonder where to find the former ISSAI 1000-1999 (now ISSAI 2000-2999) series of ... Read more...

Commenting on EXPOSURE DRAFTS – How can you help?

The INTOSAI professional pronouncements are important for the good performance of Supreme Audit Institutions. They should be relevant and useful to the SAI community, setting minimal requirements for high quality work. The INTOSAI Standard Setting needs your professional knowledge to maintain the quality of the INTOSAI Framework of Professional Pronouncements (IFPP). We need you! But how can... Read more...

What does a reference to the ISSAIs mean?

The audit reports of a Supreme Audit Institution may report the results of a single audit (for example an audit of the financial statements of an entity for a certain year) or the results of a number of audits (for example a report to Parliament on audits carried out by the SAI in a certain year). ISSAI 100 defines that audit reports may refer to the ISSAIs in the following way: … We conduct... Read more...

Different ways of implementing the ISSAIs

INTOSAI encourages all Supreme Audit Institutions to implement the ISSAIs in accordance with their national mandate and circumstances. [Congress declarations – especially the SA Declaration from 2010] The ISSAI 100 provides for the fundamental principles, which INTOSAI has defined as universally applicable professional standards. The auditing practices of all SAIs as well as any national standa... Read more...