Compliance Audit Subcommittee
The history of CASFrom 2004 to 2014
XII Annual meeting, Oslo17th - 18th of September
2014
Where everything started
Budapest 10 October 2004Working group on Compliance Audit
Origins of the committee
An audit
A systematic process of objectively obtaining and evaluating evidence to
determine whether information or actual conditions conform to
established criteria.
ISSAI 100 paragraph 18
Public sector auditing telling its own story
Which mean that it:
• Departs from mandates and the accountability of public sector entities in the use of public resources
• Is a part of national democratic systems
• Contributes to good governance
Three Audit types of INTOSAI
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Financial audit
The reliability of financial reporting
Performance audit
Economy Efficiency Effectiveness
Compliance auditCompliance with authorities
Financial Audit
Determining whether an entity’s financial information is presented in
accordance with the applicable financial reporting and regulatory
framework.
ISSAI 200 para.4
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Performance audit
As carried out by SAIs, performance auditing is an independent, objective and reliable
examination of whether government undertakings, systems, operations,
programs, activities or organizations are operating in accordance with the principles of economy, efficiency and effectiveness
and whether there is room for improvement.
ISSAI 300 para. 9
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Compliance audit
The independent asessment of whether a given subject matter is in compliance with applicable authorities identified as criteria. ISSAI 400 paragraph 12
Meaning:Compliance auditing is performed by assessing whether activities, financial transactions and information are in all material respect, in compliance with the authorities which govern the audited entity.
ISSAI 400 para. 12
What are they looking for?
Financial audit:
Material misstatements in financial statements?
Audit objective:
Is it in compliance with?
Is it economic, efficient and effective?
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Subject matter
ISSAI 100/400 – elements
PSCINTOSAI Professional Standards Committee
The Compliance Audit Guidelines - endorsed by INCOSAI in South Africa
2010 ISSAI 4000 - General
introduction to compliance audit
ISSAI 4100 - deals with compliance audit performed separately from the audit of financial statements, for example as a separate audit task or related to performance audit
ISSAI 4200 - deals with compliance audit related to the audit of financial statements
Written as consistent, stand-alone documents
Maintenance of ISSAI 4000 series:
2014 2015 2016
Project proposal to the PSC steering committee
Exposure draftto the PSC steeringcommittee.
Endorsement version to the PSC steering committee, the governing board and INCOSAI