On-Going Activities

The work of the Subcommittee for 2011-2013 is described in the approved Work Plan for that period. This includes the following areas:

1. To maintain and continue to develop the ISSAIs on Financial Audit

2. To create awareness for the standards and guidelines and contribute with expert knowledge on the guidelines, relating to implementation efforts, and

3. To contribute to the consistency in the ISSAI framework

These three areas are included in the Professional Standards Committee's overall Work Plan. In addition to these tasks, the subcommittee will:

4. Explore the advantages and possibilities of including other standards issued by the IAASB as part of the INTOSAI Financial Audit Guidelines, and

5. Summarize lessons learnt throughout the process, with the hope that the conclusions will contribute to further improvements of our own work as well as be a valuable resource to other INTOSAI bodies.

6. Monitor implementation of the guidelines among INTOSAI members.

Some of these activities will not be initiated during 2011. FAS has started its involvement in the PSC Harmonization Project and the PSC Awareness Raising Project.

All on-going Task Forces and Special Expert Teams, with experts and back office experts involved are displayed in the following links:

Participation in IAASB Task Forces

The responsibilities of experts and back-office experts when working in a Task Force or other group have been decided by the Subcommittee in the following Terms of References:

Terms of Reference - INTOSAI experts on IAASB Task Forces 

(24-01-2011)