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Harmonisation of ISSAIs
Harmonising the framework
At the PSC Steering Committee meeting in May 2010 in Copenhagen the committee approved a project proposal on the harmonisation of the International Standards of Supreme Audit Institutions (ISSAIs).
The overall objective of the project is to revise the text of ISSAIs 100-400 The Fundamental Auditing principles and develop the ISSAIs into a more coherent set of standards.
It is the intention of the PSC Steering Committee that the revised fundamental auditing principles (ISSAI 100-999) should improve the overview of the full set of ISSAI’s, including the implementation guidelines on financial, performance and compliance auditing (ISSAI 1000-4999).
Establishing a "common language"
The principles should provide a “common language” which can be used for explaining and comparing the tasks of SAIs across their different national settings.
This will be relevant for the SAI managements’ considerations concerning auditing strategy and for SAIs’ communications to government, parliament and other external stakeholders on their auditing practices.
It will also support the exchange of knowledge and experiences within the INTOSAI community.
Mapping of legal mandates
To ensure that the revised principles will be relevant throughout the world, regional representatives in the PSC Steering Committee (Cameroon, Zimbabwe, Bahrain, China, Mexico, New Zealand, USA, Belgium and Denmark) have conducted a mapping of the legal mandates of the SAIs in their respective INTOSAI regions.
The project group established to carry the project through will start its work primo 2011 in order to present the results at INCOSAI in 2013.
As a member of INTOSAI you are encouraged to send input and comments to the project to psc@rigsrevisionen.dk