The INTOSAI Framework of Professional Pronouncements

Описание: Find out more about the INTOSAI Framework of Professional Pronouncements, the authoritative framework for public-sector auditing. The IFPP was approved in 2016 and will be implemented by 2019.

I am sure that during your years of audit work you heard of the ISSAIs, right?
They are the International Standards of Supreme Audit Institutions and are part of the INTOSAI Framework of Professional Pronouncements, the IFPP
The framework includes the ISSAIs, but also other types of pronouncements: the Principles, or INTOSAI – P and the Guidelines, or GUIDs
The INTOSAI Principles have historical significance and specify the role and functions which SAIs should aspire to, which can be used as reference to establish SAIs’ mandates. These principles may be informative to governments and parliaments, as well as SAIs and the wider public. They are also clarify the SAl’s role in society as well as high level prerequisites for professional functioning of SAIs.
The ISSAIs are the authoritative international standards on public sector auditing. They represent mandatory auditing requirements for SAIs that want to claim ISSAI compliance.
ISSAIs include a basic set of concepts and principles that define public sector auditing and the different types of engagements supported by the framework: financial, performance and compliance auditing.
They are the fundamental principles which INTOSAI have defined as universally applicable professional standards, and to which auditing practices of all SAIs as well as any national standards for public sector auditing should be aligned.
Pronouncements which are categorised as GUIDS represent INTOSAI guidance that supports the ISSAIs by translating the standards into more specific, detailed and operational guidelines. GUIDs are then non-mandatory guidance for SAIs that help the auditor gain a better understanding of how to apply the elements and principles of the standards
GUIDs provide organisational guidance for SAIs, supplementary guidance for the three types of audit and subject matter specific guidance.

The framework also foresees the future inclusion of Competency Pronouncements. They will set out the competencies and professional skills, knowledge, ethics, values and attitudes required by the public sector auditor to undertake audits in line with the ISSAIs.
By adopting the INTOSAI professional pronouncements and conducting their audits according to the ISSAIs, Supreme Audit institutions are taking advantage of international best practices and ensuring the quality of the work being carried out, promoting consistency in the methodology of all audit activities and improving the transparency of the audit process.
This leads to the enhancement of the SAI credibility as an organization that delivers consistent, effective and independent results in the benefit of society.
On the ISSAI.org website you can access all the pronouncements, learn how they are developed through a due process, and keep up-to-date with all the standard setting work done by INTOSAI.
Professional Standards Commitee